Somewhat Positive News Coverage Somewhat Unlikely to Impact Star Bulk Carriers (SBLK) Stock Price

Press coverage about Star Bulk Carriers (NASDAQ:SBLK) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Star Bulk Carriers earned a news impact score of 0.08 on Accern’s scale. Accern also assigned news articles about the shipping company an impact score of 45.927088224646 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:

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A number of equities analysts have commented on SBLK shares. BidaskClub cut shares of Star Bulk Carriers from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. Morgan Stanley reduced their price objective on shares of Star Bulk Carriers from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Monday, February 12th. Zacks Investment Research cut shares of Star Bulk Carriers from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Jefferies Group started coverage on shares of Star Bulk Carriers in a research report on Monday, December 18th. They set a “buy” rating and a $15.00 price objective for the company. Finally, JPMorgan Chase lifted their price objective on shares of Star Bulk Carriers from $17.00 to $17.50 and gave the stock an “overweight” rating in a research report on Friday, March 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $14.58.

SBLK opened at $10.82 on Friday. Star Bulk Carriers has a fifty-two week low of $7.57 and a fifty-two week high of $13.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.43 and a quick ratio of 1.34. The firm has a market cap of $731.34, a PE ratio of -49.18 and a beta of 2.26.

Star Bulk Carriers (NASDAQ:SBLK) last posted its earnings results on Tuesday, February 27th. The shipping company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.11. Star Bulk Carriers had a negative return on equity of 0.44% and a negative net margin of 2.94%. The company had revenue of $107.71 million during the quarter, compared to the consensus estimate of $107.10 million. sell-side analysts predict that Star Bulk Carriers will post 1.06 EPS for the current year.

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Star Bulk Carriers Company Profile

Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. Its vessels transport bulk commodities, including ores, coal, grains, fertilizers, and steel products. As of March 9, 2017, the company had a fleet of 68 operating vessels and 4 newbuilding vessels, as well as operated a chartered-in Supramax vessel.

Insider Buying and Selling by Quarter for Star Bulk Carriers (NASDAQ:SBLK)

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