Media stories about Gener8 Maritime (NYSE:GNRT) have been trending somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gener8 Maritime earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned news headlines about the shipping company an impact score of 45.7549219374943 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the headlines that may have effected Accern Sentiment’s rankings:

GNRT has been the topic of a number of recent research reports. Jefferies Group began coverage on shares of Gener8 Maritime in a research note on Monday, December 18th. They set a “buy” rating and a $10.00 price target on the stock. BidaskClub raised Gener8 Maritime from a “sell” rating to a “hold” rating in a research report on Saturday, September 16th. Zacks Investment Research downgraded Gener8 Maritime from a “hold” rating to a “strong sell” rating in a research report on Monday, October 23rd. Finally, UBS Group downgraded Gener8 Maritime from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $6.50 to $6.75 in a research report on Wednesday, January 3rd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $8.38.

Shares of Gener8 Maritime (NYSE:GNRT) traded up $0.06 during trading on Friday, hitting $6.37. The stock had a trading volume of 386,800 shares, compared to its average volume of 681,125. Gener8 Maritime has a 1-year low of $4.12 and a 1-year high of $6.94. The firm has a market capitalization of $523.66 and a P/E ratio of -4.52. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.62 and a current ratio of 1.62.

Gener8 Maritime (NYSE:GNRT) last announced its quarterly earnings data on Thursday, November 9th. The shipping company reported ($0.39) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.33) by ($0.06). Gener8 Maritime had a positive return on equity of 1.16% and a negative net margin of 34.10%. The company had revenue of $47.89 million for the quarter, compared to analyst estimates of $47.06 million. During the same period in the prior year, the firm posted ($0.01) earnings per share. The business’s quarterly revenue was down 30.7% compared to the same quarter last year. analysts forecast that Gener8 Maritime will post -0.14 EPS for the current year.

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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.

Insider Buying and Selling by Quarter for Gener8 Maritime (NYSE:GNRT)

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