Shares of Gener8 Maritime Inc (NYSE:GNRT) have been given a consensus rating of “Hold” by the six research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $10.00.

A number of equities research analysts have recently weighed in on the stock. UBS Group downgraded shares of Gener8 Maritime from a “buy” rating to a “neutral” rating in a research note on Wednesday. Jefferies Group assumed coverage on shares of Gener8 Maritime in a research note on Monday, December 18th. They issued a “buy” rating and a $10.00 price target on the stock. Zacks Investment Research downgraded shares of Gener8 Maritime from a “hold” rating to a “strong sell” rating in a research note on Monday, October 23rd. Finally, BidaskClub upgraded shares of Gener8 Maritime from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th.

Shares of Gener8 Maritime (NYSE:GNRT) traded down $0.02 during trading on Wednesday, reaching $6.60. 637,000 shares of the company’s stock were exchanged, compared to its average volume of 490,550. The firm has a market capitalization of $551.88 and a P/E ratio of -4.68. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.62 and a quick ratio of 1.62. Gener8 Maritime has a 12-month low of $4.11 and a 12-month high of $6.68.

Gener8 Maritime (NYSE:GNRT) last posted its quarterly earnings results on Thursday, November 9th. The shipping company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.06). Gener8 Maritime had a negative net margin of 34.10% and a positive return on equity of 1.16%. The company had revenue of $47.89 million during the quarter, compared to analyst estimates of $47.06 million. During the same quarter in the previous year, the business posted ($0.01) earnings per share. The company’s revenue for the quarter was down 30.7% on a year-over-year basis. research analysts forecast that Gener8 Maritime will post -0.14 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in GNRT. Russell Investments Group Ltd. grew its position in shares of Gener8 Maritime by 2.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 29,905 shares of the shipping company’s stock worth $171,000 after buying an additional 700 shares during the period. California State Teachers Retirement System grew its position in shares of Gener8 Maritime by 5.8% during the 2nd quarter. California State Teachers Retirement System now owns 83,624 shares of the shipping company’s stock worth $476,000 after buying an additional 4,600 shares during the period. Voya Investment Management LLC grew its position in shares of Gener8 Maritime by 29.3% during the 2nd quarter. Voya Investment Management LLC now owns 23,024 shares of the shipping company’s stock worth $131,000 after buying an additional 5,219 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Gener8 Maritime by 17.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,842 shares of the shipping company’s stock worth $232,000 after buying an additional 6,022 shares during the period. Finally, Rhumbline Advisers grew its position in shares of Gener8 Maritime by 25.1% during the 2nd quarter. Rhumbline Advisers now owns 54,080 shares of the shipping company’s stock worth $308,000 after buying an additional 10,845 shares during the period. Hedge funds and other institutional investors own 75.76% of the company’s stock.

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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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