Gener8 Maritime Inc (NASDAQ:GNRT) has received a consensus rating of “Buy” from the four research firms that are presently covering the company. Two research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $7.00.
A number of research analysts have recently weighed in on the company. Jefferies Group LLC reissued a “buy” rating on shares of Gener8 Maritime in a research note on Friday, March 24th. Zacks Investment Research raised Gener8 Maritime from a “sell” rating to a “hold” rating in a research note on Tuesday, March 14th.
Shares of Gener8 Maritime (NASDAQ:GNRT) opened at 5.15 on Friday. The firm has a 50-day moving average price of $5.37 and a 200 day moving average price of $4.86. The firm has a market cap of $427.24 million and a price-to-earnings ratio of 13.17. Gener8 Maritime has a 12-month low of $3.52 and a 12-month high of $7.83.
Gener8 Maritime (NASDAQ:GNRT) last posted its quarterly earnings data on Tuesday, May 9th. The shipping company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.03. The firm had revenue of $121.06 million for the quarter, compared to analyst estimates of $114.54 million. During the same period in the prior year, the company posted $0.78 EPS. The firm’s quarterly revenue was down .5% compared to the same quarter last year. On average, equities research analysts anticipate that Gener8 Maritime will post $0.19 earnings per share for the current fiscal year.
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A number of institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its position in shares of Gener8 Maritime by 118.7% in the first quarter. Tower Research Capital LLC TRC now owns 30,298 shares of the shipping company’s stock valued at $172,000 after buying an additional 16,443 shares during the last quarter. Driehaus Capital Management LLC bought a new position in shares of Gener8 Maritime during the first quarter valued at $842,000. Schwab Charles Investment Management Inc. increased its stake in shares of Gener8 Maritime by 8.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 236,940 shares of the shipping company’s stock valued at $1,344,000 after buying an additional 18,126 shares during the period. Kennedy Capital Management Inc. increased its stake in shares of Gener8 Maritime by 39.7% in the first quarter. Kennedy Capital Management Inc. now owns 593,833 shares of the shipping company’s stock valued at $3,367,000 after buying an additional 168,619 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Gener8 Maritime by 7.1% in the first quarter. Geode Capital Management LLC now owns 619,452 shares of the shipping company’s stock valued at $3,512,000 after buying an additional 41,146 shares during the period.
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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