Media headlines about Gener8 Maritime (NYSE:GNRT) have trended somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gener8 Maritime earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned media headlines about the shipping company an impact score of 47.0641654061428 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Several equities research analysts have recently commented on the company. Jefferies Group LLC reissued a “buy” rating and issued a $10.00 price objective on shares of Gener8 Maritime in a report on Monday, August 7th. BidaskClub downgraded Gener8 Maritime from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. TheStreet raised Gener8 Maritime from a “d” rating to a “c-” rating in a report on Wednesday, August 9th. Zacks Investment Research raised Gener8 Maritime from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, ValuEngine cut Gener8 Maritime from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One equities 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. Gener8 Maritime presently has a consensus rating of “Hold” and an average target price of $10.00.
Shares of Gener8 Maritime (NYSE:GNRT) opened at $4.65 on Friday. Gener8 Maritime has a 12 month low of $3.55 and a 12 month high of $6.16. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $387.57 and a price-to-earnings ratio of 24.00.
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 business had revenue of $47.89 million during the quarter, compared to the consensus estimate of $47.06 million. During the same quarter last year, the company posted ($0.01) EPS. The firm’s revenue was down 30.7% on a year-over-year basis. equities analysts expect that Gener8 Maritime will post -0.09 earnings per share for the current year.
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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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