Star Bulk Carriers Co. (NASDAQ:SBLK) – Analysts at Jefferies Group boosted their Q2 2018 EPS estimates for Star Bulk Carriers in a research note issued to investors on Tuesday, April 24th. Jefferies Group analyst R. Giveans now anticipates that the shipping company will earn $0.08 per share for the quarter, up from their previous forecast of $0.07. Jefferies Group also issued estimates for Star Bulk Carriers’ FY2018 earnings at $1.44 EPS.

A number of other research analysts have also issued reports on SBLK. TheStreet upgraded shares of Star Bulk Carriers from a “d+” rating to a “c” rating in a research note on Friday, March 2nd. Stifel Nicolaus upgraded shares of Star Bulk Carriers from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Monday, April 23rd. BidaskClub lowered shares of Star Bulk Carriers from a “buy” rating to a “hold” rating in a research note on Saturday, March 10th. Morgan Stanley boosted their price target on shares of Star Bulk Carriers from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Thursday, March 1st. Finally, Seaport Global Securities set a $16.00 price target on shares of Star Bulk Carriers and gave the stock a “buy” rating in a research note on Wednesday, February 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $14.92.

Shares of NASDAQ:SBLK opened at $12.03 on Friday. Star Bulk Carriers has a one year low of $7.57 and a one year high of $13.29. 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 stock has a market capitalization of $784.59, a PE ratio of -54.68 and a beta of 2.26.

Star Bulk Carriers (NASDAQ:SBLK) last announced its earnings results on Tuesday, February 27th. The shipping company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.11. Star Bulk Carriers had a negative net margin of 2.94% and a negative return on equity of 0.44%. The business had revenue of $107.71 million during the quarter, compared to analysts’ expectations of $107.10 million.

A number of institutional investors and hedge funds have recently modified their holdings of SBLK. Capital Fund Management S.A. acquired a new position in Star Bulk Carriers during the fourth quarter worth about $145,000. State Street Corp acquired a new position in Star Bulk Carriers during the second quarter worth about $176,000. Fox Run Management L.L.C. acquired a new position in Star Bulk Carriers during the fourth quarter worth about $272,000. LPL Financial LLC grew its position in Star Bulk Carriers by 86.5% during the fourth quarter. LPL Financial LLC now owns 24,431 shares of the shipping company’s stock worth $275,000 after buying an additional 11,331 shares during the period. Finally, Deutsche Bank AG grew its position in Star Bulk Carriers by 6,400.0% during the fourth quarter. Deutsche Bank AG now owns 32,500 shares of the shipping company’s stock worth $365,000 after buying an additional 32,000 shares during the period. Institutional investors own 69.57% of the company’s stock.

About Star Bulk Carriers

Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. Its vessels transport a range of major bulks, including iron ores, coal, and grains, as well as minor bulks, such as bauxite, fertilizers, and steel products. As of February 27, 2018, the company had a fleet of 72 vessels with an aggregate capacity of approximately 7.8 million deadweight ton (dwt); and had contracts for 2 additional newbuilding vessels with an aggregate capacity of approximately 416,000 dwt.

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