Star Bulk Carriers Corp. (SBLK) Receiving Somewhat Favorable Press Coverage, Report Finds

Headlines about Star Bulk Carriers Corp. (NASDAQ:SBLK) have trended somewhat positive this week, Accern reports. The research firm scores the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Star Bulk Carriers Corp. earned a news impact score of 0.23 on Accern’s scale. Accern also assigned news coverage about the shipping company an impact score of 45.5155546136491 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

SBLK has been the topic of a number of research reports. Zacks Investment Research raised shares of Star Bulk Carriers Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Seaport Global Securities raised shares of Star Bulk Carriers Corp. from a “neutral” rating to a “buy” rating and raised their target price for the stock from $11.50 to $13.00 in a research report on Friday, May 26th. They noted that the move was a valuation call. Jefferies Group LLC reaffirmed a “buy” rating and set a $13.00 target price on shares of Star Bulk Carriers Corp. in a research report on Friday, May 26th. BidaskClub lowered shares of Star Bulk Carriers Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Pareto Securities raised shares of Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating in a research report on Friday. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Star Bulk Carriers Corp. currently has an average rating of “Buy” and an average target price of $12.50.

Star Bulk Carriers Corp. (NASDAQ:SBLK) opened at 11.47 on Tuesday. The stock’s 50 day moving average is $10.68 and its 200-day moving average is $9.87. Star Bulk Carriers Corp. has a 1-year low of $4.04 and a 1-year high of $13.40. The company’s market capitalization is $726.46 million.

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About Star Bulk Carriers Corp.

Star Bulk Carriers Corp. is an international shipping company. The Company owns and operates a fleet of dry bulk carrier vessels. As of December 31, 2016, the Company’s fleet included 73 vessels consisting primarily of Newcastlemax and Capesize, as well as Kamsarmax, Ultramax and Supramax vessels with a carrying capacity between 52,055 and 209,537 deadweight tonnage (dwt).

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