News headlines about Gener8 Maritime (NYSE:GNRT) have trended somewhat positive recently, Accern reports. Accern rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Gener8 Maritime earned a news impact score of 0.19 on Accern’s scale. Accern also assigned press coverage about the shipping company an impact score of 44.8985291179825 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of research analysts recently weighed in on the company. DNB Markets raised Gener8 Maritime from a “hold” rating to a “buy” rating in a report on Tuesday, March 6th. Morgan Stanley boosted their target price on Gener8 Maritime from $5.50 to $7.00 and gave the stock an “equal weight” rating in a report on Monday, February 12th. Citigroup lowered Gener8 Maritime from a “buy” rating to a “neutral” rating in a report on Tuesday, January 23rd. UBS Group reaffirmed a “neutral” rating on shares of Gener8 Maritime in a report on Thursday, January 4th. Finally, Jefferies Group began coverage on Gener8 Maritime in a report on Monday, December 18th. They issued a “buy” rating and a $10.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Gener8 Maritime presently has a consensus rating of “Hold” and a consensus target price of $7.92.
Shares of Gener8 Maritime (NYSE GNRT) traded up $0.04 during midday trading on Tuesday, reaching $6.05. The company’s stock had a trading volume of 171,256 shares, compared to its average volume of 574,561. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.93. Gener8 Maritime has a 52-week low of $4.17 and a 52-week high of $6.94. The firm has a market cap of $490.45, a price-to-earnings ratio of -4.28 and a beta of 1.09.
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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