Gener8 Maritime (NASDAQ:GNRT) Receives Coverage Optimism Score of 0.16

Media stories about Gener8 Maritime (NASDAQ:GNRT) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gener8 Maritime earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the shipping company an impact score of 45.4641139103842 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Gener8 Maritime (NASDAQ GNRT) traded up 1.09% during midday trading on Wednesday, hitting $4.63. The stock had a trading volume of 114,219 shares. The company’s 50 day moving average is $4.58 and its 200 day moving average is $4.82. The company’s market cap is $384.23 million. Gener8 Maritime has a 1-year low of $3.52 and a 1-year high of $5.69.

Gener8 Maritime (NASDAQ:GNRT) last announced its quarterly earnings results on Tuesday, August 1st. The shipping company reported ($0.11) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.05). The business 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 business’s quarterly revenue was down 29.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 earnings per share. On average, equities analysts anticipate that Gener8 Maritime will post ($0.02) earnings per share for the current fiscal year.

A number of research analysts have commented on GNRT shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $10.00 price target 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 cut Gener8 Maritime from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub cut Gener8 Maritime from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Zacks Investment Research cut Gener8 Maritime from a “hold” rating to a “sell” rating in a research report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus 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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