Gener8 Maritime Inc (NASDAQ:GNRT)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Group LLC in a report released on Thursday.

GNRT has been the topic of several other research reports. ValuEngine cut Gener8 Maritime from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub raised Gener8 Maritime from a “sell” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research cut Gener8 Maritime from a “hold” rating to a “sell” rating in a research report on Wednesday, July 26th. Finally, TheStreet raised Gener8 Maritime from a “d” rating to a “c-” rating in a research report on Wednesday, August 9th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $10.00.

Shares of Gener8 Maritime (NASDAQ:GNRT) traded up 0.82% during midday trading on Thursday, hitting $4.94. The stock had a trading volume of 261,651 shares. The firm’s market cap is $409.96 million. The company’s 50 day moving average is $4.71 and its 200 day moving average is $4.71. Gener8 Maritime has a 52 week low of $3.52 and a 52 week high of $6.16.

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

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A number of institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN raised its stake in shares of Gener8 Maritime by 64.7% in the first quarter. Wells Fargo & Company MN now owns 44,685 shares of the shipping company’s stock valued at $254,000 after buying an additional 17,550 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Gener8 Maritime by 1.0% in the first quarter. Bank of New York Mellon Corp now owns 222,466 shares of the shipping company’s stock valued at $1,261,000 after buying an additional 2,254 shares during the period. Karp Capital Management Corp bought a new stake in shares of Gener8 Maritime in the first quarter valued at $226,000. Parametric Portfolio Associates LLC raised its stake in shares of Gener8 Maritime by 455.8% in the first quarter. Parametric Portfolio Associates LLC now owns 76,413 shares of the shipping company’s stock valued at $433,000 after buying an additional 62,665 shares during the period. Finally, American International Group Inc. raised its stake in shares of Gener8 Maritime by 7.1% in the first quarter. American International Group Inc. now owns 24,173 shares of the shipping company’s stock valued at $137,000 after buying an additional 1,598 shares during the period.

About Gener8 Maritime

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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