Shares of Eagle Bulk Shipping Inc (NASDAQ:EGLE) have been given an average broker rating score of 0.00 () from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Brokers have set a 1-year consensus target price of $7.00 for the company and are expecting that the company will post ($0.26) earnings per share for the current quarter, according to Zacks. Zacks has also given Eagle Bulk Shipping an industry rank of 159 out of 265 based on the ratings given to related companies.

Separately, Seaport Global Securities reiterated a “buy” rating and issued a $7.00 price objective on shares of Eagle Bulk Shipping in a report on Thursday, March 9th.

Shares of Eagle Bulk Shipping (NASDAQ:EGLE) opened at 5.80 on Tuesday. The company’s 50 day moving average is $5.76 and its 200-day moving average is $6.05. Eagle Bulk Shipping has a 12 month low of $4.06 and a 12 month high of $23.60.

In related news, major shareholder Oaktree Capital Group Holdings acquired 7,600,000 shares of the firm’s stock in a transaction on Friday, January 20th. The shares were purchased at an average cost of $4.50 per share, for a total transaction of $34,200,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.42% of the stock is owned by insiders.

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Eagle Bulk Shipping Company Profile

Eagle Bulk Shipping Inc is engaged primarily in the ocean transportation of a range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes. The Company operates in the Handymax sector of the dry bulk industry, with particular emphasis on the Supramax class of vessels.

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