Scorpio Bulkers (NYSE: SALT) recently received a number of ratings updates from brokerages and research firms:

  • 9/29/2017 – Scorpio Bulkers was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $8.25 price target on the stock. According to Zacks, “Scorpio Bulkers Inc. is a provider of marine transportation of dry bulk commodities. The company’s vessels consist of Ultramax, Kamsarmax and Capesize. It operates shipyards in Japan, China and Romania. Scorpio Bulkers Inc. is based in MONACO. “
  • 9/27/2017 – Scorpio Bulkers was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/26/2017 – Scorpio Bulkers was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Scorpio Bulkers Inc. is a provider of marine transportation of dry bulk commodities. The company’s vessels consist of Ultramax, Kamsarmax and Capesize. It operates shipyards in Japan, China and Romania. Scorpio Bulkers Inc. is based in MONACO. “
  • 9/21/2017 – Scorpio Bulkers was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/12/2017 – Scorpio Bulkers was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/7/2017 – Scorpio Bulkers was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 8/17/2017 – Scorpio Bulkers was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Shares of Scorpio Bulkers Inc. (SALT) traded down 0.449% on Friday, hitting $7.317. The stock had a trading volume of 186,342 shares. Scorpio Bulkers Inc. has a 12-month low of $3.35 and a 12-month high of $10.14. The firm’s market cap is $525.39 million. The stock has a 50 day moving average of $7.58 and a 200 day moving average of $7.39.

Scorpio Bulkers (NYSE:SALT) last posted its earnings results on Monday, July 24th. The shipping company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.01). The business had revenue of $37.70 million during the quarter, compared to analysts’ expectations of $38.78 million. Scorpio Bulkers had a negative net margin of 72.87% and a negative return on equity of 7.52%. The business’s quarterly revenue was up 116.7% compared to the same quarter last year. During the same period last year, the company earned ($0.48) EPS. Equities analysts predict that Scorpio Bulkers Inc. will post ($0.68) earnings per share for the current fiscal year.

Scorpio Bulkers Inc is a shipping company. The Company owns and operates newbuilding drybulk carriers with fuel-efficient specifications and carrying capacities of greater than 30,000 deadweight tons (dwt). The Company operates through two segments: Kamsarmax and Ultramax. Its Kamsarmax segment includes vessels ranging from approximately 77,500 DWT to 98,700 DWT.

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