Gener8 Maritime Inc (GNRT) Receives $10.00 Average Price Target from Analysts
Shares of Gener8 Maritime Inc (NYSE:GNRT) have been assigned a consensus rating of “Hold” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. One 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 twelve-month price target among analysts that have issued a report on the stock in the last year is $10.00.
Several analysts have recently issued reports on GNRT shares. Jefferies Group reissued a “buy” rating on shares of Gener8 Maritime in a research report on Thursday, October 19th. BidaskClub raised shares of Gener8 Maritime from a “sell” rating to a “hold” rating in a research report on Saturday, September 16th. Zacks Investment Research raised shares of Gener8 Maritime from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, UBS Group reissued a “neutral” rating on shares of Gener8 Maritime in a research report on Thursday.
Gener8 Maritime (GNRT) opened at $6.60 on Wednesday. Gener8 Maritime has a 1 year low of $4.11 and a 1 year high of $6.94. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.62 and a quick ratio of 1.62. The company has a market cap of $567.88, a PE ratio of 35.90 and a beta of 1.40.
Gener8 Maritime (NYSE:GNRT) last posted its earnings results on Thursday, November 9th. The shipping company reported ($0.39) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.33) by ($0.06). The company had revenue of $47.89 million during the quarter, compared to analyst estimates of $47.06 million. Gener8 Maritime had a negative net margin of 34.10% and a positive return on equity of 1.16%. The company’s quarterly revenue was down 30.7% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.01) EPS. equities research analysts forecast that Gener8 Maritime will post -0.14 EPS for the current fiscal year.
Large investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. raised its holdings in Gener8 Maritime by 15.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 273,454 shares of the shipping company’s stock valued at $1,556,000 after acquiring an additional 36,514 shares in the last quarter. State Street Corp raised its holdings in Gener8 Maritime by 11.0% in the second quarter. State Street Corp now owns 1,069,056 shares of the shipping company’s stock valued at $6,080,000 after acquiring an additional 106,359 shares in the last quarter. Nationwide Fund Advisors raised its holdings in Gener8 Maritime by 385.0% in the second quarter. Nationwide Fund Advisors now owns 109,039 shares of the shipping company’s stock valued at $620,000 after acquiring an additional 86,557 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in Gener8 Maritime by 29.2% in the second quarter. TIAA CREF Investment Management LLC now owns 127,131 shares of the shipping company’s stock valued at $723,000 after acquiring an additional 28,746 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in Gener8 Maritime by 78.9% in the second quarter. Parametric Portfolio Associates LLC now owns 136,684 shares of the shipping company’s stock valued at $778,000 after acquiring an additional 60,271 shares in the last quarter. 76.02% of the stock is currently owned by hedge funds and other institutional investors.
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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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