News articles about Gener8 Maritime (NYSE:GNRT) have been trending positive on Friday, Accern reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Gener8 Maritime earned a news impact score of 0.34 on Accern’s scale. Accern also gave headlines about the shipping company an impact score of 45.9631229771774 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Gener8 Maritime (GNRT) traded up $0.08 during mid-day trading on Friday, reaching $5.81. The company had a trading volume of 366,481 shares, compared to its average volume of 676,485. Gener8 Maritime has a fifty-two week low of $4.17 and a fifty-two week high of $6.94. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.93. The firm has a market cap of $482.17 and a P/E ratio of -4.12.
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). The firm had revenue of $47.89 million for the quarter, compared to analyst estimates of $47.06 million. Gener8 Maritime had a positive return on equity of 1.16% and a negative net margin of 34.10%. The firm’s quarterly revenue was down 30.7% compared to the same quarter last year. During the same period last year, the company posted ($0.01) earnings per share. equities analysts predict that Gener8 Maritime will post -0.31 EPS for the current year.
A number of research firms recently weighed in on GNRT. Morgan Stanley upped their price target on Gener8 Maritime from $5.50 to $7.00 and gave the stock an “equal weight” rating in a research note on Monday. Zacks Investment Research downgraded Gener8 Maritime from a “hold” rating to a “strong sell” rating in a research note on Monday, October 23rd. Citigroup downgraded Gener8 Maritime from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 23rd. Jefferies Group reaffirmed a “buy” rating on shares of Gener8 Maritime in a research note on Thursday, October 19th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Gener8 Maritime in a research note on Thursday, January 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. Gener8 Maritime currently has a consensus rating of “Hold” and an average target price of $7.92.
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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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