Media coverage about Gener8 Maritime (NASDAQ:GNRT) has trended somewhat positive recently, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Gener8 Maritime earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the shipping company an impact score of 45.7739436989146 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Gener8 Maritime (NASDAQ:GNRT) remained flat at $4.58 during midday trading on Tuesday. 165,614 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $4.80 and its 200-day moving average price is $5.21. The company’s market cap is $380.09 million. Gener8 Maritime has a 1-year low of $3.52 and a 1-year high of $6.30.
Gener8 Maritime (NASDAQ:GNRT) last announced its quarterly earnings data on Tuesday, August 1st. The shipping company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.05). The company had revenue of $74.95 million for the quarter, compared to analysts’ expectations of $76.55 million. Gener8 Maritime had a negative net margin of 110.14% and a negative return on equity of 23.25%. The firm’s quarterly revenue was down 29.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.51 EPS. On average, analysts predict that Gener8 Maritime will post ($0.02) EPS for the current fiscal year.
A number of equities analysts have recently weighed in on GNRT shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $10.00 target price on shares of Gener8 Maritime in a research report on Tuesday, May 30th. TheStreet raised Gener8 Maritime from a “d” rating to a “c-” rating in a research report on Wednesday, August 9th. ValuEngine lowered Gener8 Maritime from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub lowered Gener8 Maritime from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Zacks Investment Research lowered Gener8 Maritime from a “hold” rating to a “sell” rating in a research report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $10.00.
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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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