Gener8 Maritime Inc (NASDAQ:GNRT) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Other analysts also recently issued research reports about the company. Zacks Investment Research downgraded Gener8 Maritime from a “hold” rating to a “sell” rating in a research note on Wednesday, July 26th. Jefferies Group LLC reissued a “buy” rating and issued a $10.00 price objective on shares of Gener8 Maritime in a research note on Monday, August 7th. ValuEngine downgraded Gener8 Maritime from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, TheStreet raised Gener8 Maritime from a “d” rating to a “c-” rating in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $10.00.

Shares of Gener8 Maritime (NASDAQ GNRT) traded up 2.75% on Friday, hitting $4.86. The stock had a trading volume of 317,335 shares. The firm’s market cap is $403.32 million. The company’s 50-day moving average price is $4.68 and its 200 day moving average price is $4.81. Gener8 Maritime has a 12-month low of $3.52 and a 12-month high of $5.69.

Gener8 Maritime (NASDAQ:GNRT) last posted its quarterly earnings data on Tuesday, August 1st. The shipping company reported ($0.11) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.05). Gener8 Maritime had a negative return on equity of 23.25% and a negative net margin of 110.14%. The firm had revenue of $74.95 million during the quarter, compared to the consensus estimate of $76.55 million. During the same period in the prior year, the firm posted $0.51 EPS. The firm’s quarterly revenue was down 29.3% on a year-over-year basis. On average, equities research analysts forecast that Gener8 Maritime will post ($0.02) earnings per share for the current fiscal year.

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Institutional investors have recently made changes to their positions in the company. Teachers Advisors LLC raised its position in shares of Gener8 Maritime by 43.2% during the fourth quarter. Teachers Advisors LLC now owns 88,029 shares of the shipping company’s stock worth $394,000 after purchasing an additional 26,555 shares during the period. Wells Fargo & Company MN raised its position in shares of Gener8 Maritime by 64.7% during the first quarter. Wells Fargo & Company MN now owns 44,685 shares of the shipping company’s stock worth $254,000 after purchasing an additional 17,550 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Gener8 Maritime by 8.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 236,940 shares of the shipping company’s stock worth $1,344,000 after purchasing an additional 18,126 shares during the period. FMR LLC raised its position in shares of Gener8 Maritime by 617.8% during the first quarter. FMR LLC now owns 3,249,043 shares of the shipping company’s stock worth $18,422,000 after purchasing an additional 2,796,417 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Gener8 Maritime by 1.0% during the first quarter. Bank of New York Mellon Corp now owns 222,466 shares of the shipping company’s stock worth $1,261,000 after purchasing an additional 2,254 shares during the period.

Gener8 Maritime Company Profile

Gener8 Maritime, Inc is a provider of international seaborne crude oil transportation services. The Company operates through the transportation of international seaborne crude oil and petroleum products with its fleet of vessels segment. As of March 10, 2017, the Company owned a fleet of 40 tankers on the water, consisting of 24 Very Large Crude Carriers (VLCCs), 10 Suezmax vessels, four Aframax vessels and two Panamax vessels, with an aggregate carrying capacity of 9.4 million deadweight tons (DWT) and one eco VLCC newbuilding.

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