Gener8 Maritime Inc (GNRT) Set to Announce Quarterly Earnings on Monday
Gener8 Maritime Inc (NASDAQ:GNRT) is scheduled to be issuing its Q316 quarterly earnings data on Monday, November 14th. Analysts expect the company to announce earnings of $0.05 per share and revenue of $78.71 million for the quarter.
Shares of Gener8 Maritime Inc (NASDAQ:GNRT) opened at 4.56 on Friday. Gener8 Maritime Inc has a 1-year low of $3.52 and a 1-year high of $10.12. The stock has a market cap of $377.03 million and a PE ratio of 2.13. The stock’s 50 day moving average is $4.80 and its 200-day moving average is $5.83.
In other Gener8 Maritime news, VP Leonard J. Vrondissis sold 14,312 shares of the firm’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $5.30, for a total transaction of $75,853.60. Following the transaction, the vice president now directly owns 9,583 shares of the company’s stock, valued at approximately $50,789.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
A number of hedge funds and other institutional investors have recently modified their holdings of GNRT. Vanguard Group Inc. increased its position in shares of Gener8 Maritime by 3.6% in the second quarter. Vanguard Group Inc. now owns 649,337 shares of the company’s stock valued at $4,156,000 after buying an additional 22,604 shares during the last quarter. BlackRock Investment Management LLC boosted its stake in Gener8 Maritime by 159.4% in the second quarter. BlackRock Investment Management LLC now owns 157,877 shares of the company’s stock valued at $1,010,000 after buying an additional 97,006 shares during the period. BlackRock Inc. boosted its stake in Gener8 Maritime by 11.7% in the second quarter. BlackRock Inc. now owns 298,350 shares of the company’s stock valued at $1,909,000 after buying an additional 31,293 shares during the period. BlackRock Fund Advisors boosted its stake in Gener8 Maritime by 131.9% in the second quarter. BlackRock Fund Advisors now owns 933,332 shares of the company’s stock valued at $5,973,000 after buying an additional 530,872 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in Gener8 Maritime by 37.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 879,557 shares of the company’s stock valued at $5,629,000 after buying an additional 241,741 shares during the period.
A number of research analysts recently commented on the stock. Jefferies Group reaffirmed a “buy” rating and issued a $13.00 target price (down from $17.00) on shares of Gener8 Maritime in a research report on Wednesday, July 27th. Zacks Investment Research downgraded shares of Gener8 Maritime from a “hold” rating to a “sell” rating in a research report on Monday, July 25th. Citigroup Inc. reissued a “buy” rating and set a $12.00 price objective on shares of Gener8 Maritime in a research report on Friday, July 15th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $5.00 price objective (down from $9.00) on shares of Gener8 Maritime in a research report on Friday, August 26th.
About Gener8 Maritime
Gener8 Maritime, Inc, formerly General Maritime Corporation, is a provider of international seaborne crude oil transportation services. The Company operates through the segment, which includes the transportation of international seaborne crude oil and petroleum products with its fleet of vessels. The Company owns a fleet of over 45 tankers, including 31 vessels on the water consisting of 14 Very Large Crude Carriers (VLCCs), approximately 11 Suezmax vessels, over four Aframax vessels and approximately two Panamax vessels with an aggregate carrying capacity of approximately 6.6 million deadweight tons.
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