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Genco Shipping & Trading Limited (GNK)

NYSE: GNK · IEX Real-Time Price · USD
17.21 -0.38 (-2.16%)
Oct 22, 2021 11:40 AM EDT - Market open
Market Cap762.89M
Revenue (ttm)391.62M
Net Income (ttm)-53.00M
Shares Out42.07M
EPS (ttm)-1.26
PE Ration/a
Forward PE4.05
Dividend$0.19 (1.10%)
Ex-Dividend DateAug 16, 2021
Volume164,202
Open17.58
Previous Close17.59
Day's Range17.15 - 17.58
52-Week Range6.30 - 22.00
Beta0.98
AnalystsStrong Buy
Price Target26.47 (+53.8%)
Est. Earnings DateNov 3, 2021

About GNK

Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company, through the ownership and operation of dry bulk carrier vessels, transports iron ore, coal, grains, steel products, and other dry-bulk cargoes. It charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities. As of February 24, 2021, the company fleet consisted of 17 Capesize, 9 Ultramax, and 15 Supramax with an aggregate capacity of approxi...

IndustryMarine
IPO DateJul 22, 2005
CEOJohn Wobensmith
Employees960
Stock ExchangeNYSE
Ticker SymbolGNK
Full Company Profile

Financial Performance

In 2020, GNK's revenue was $355.56 million, a decrease of -8.71% compared to the previous year's $389.50 million. Losses were -$225.57 million, 302.9% more than in 2019.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for GNK stock is "Strong Buy." The 12-month stock price forecast is 26.47, which is an increase of 53.81% from the latest price.

Price Target
$26.47
(53.81% upside)
Analyst Consensus: Strong Buy

News

Here's Why Genco Shipping (GNK) Could be Great Choice for a Bottom Fisher

Genco Shipping (GNK) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a...

1 week ago - Zacks Investment Research

Will Genco Shipping (GNK) Beat Estimates Again in Its Next Earnings Report?

Genco Shipping (GNK) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

1 week ago - Zacks Investment Research

Genco Shipping & Trading Limited Signs Call to Action for Shipping Decarbonization

NEW YORK, Oct. 12, 2021 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that the Company has become a signatory to the Call to Action for Shipping Decarbonization (“Call...

1 week ago - GlobeNewsWire

Recent Price Trend in Genco Shipping (GNK) is Your Friend, Here's Why

If you are looking for stocks that are well positioned to maintain their recent uptrend, Genco Shipping (GNK) could be a great choice. It is one of the several stocks that passed through our "Recent Pri...

2 weeks ago - Zacks Investment Research

Why Genco (GNK) Stock Might be a Great Pick

Genco (GNK) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

2 weeks ago - Zacks Investment Research

Top Ranked Income Stocks to Buy for October 6th

OFS, TPR, GNK, and DKS made it to the Zacks Rank #1 (Strong Buy) income stocks list on October 6, 2021.

Other symbols:DKSOFSTPR
2 weeks ago - Zacks Investment Research

Top 6 Small Hidden Gems That Have Surged in the Past Month

We have narrowed down our search to six small business operators that have surged in the past month and have more upside left for the rest of 2021. These are: GDP, BBW, BVH, AOSL, EGLE and GNK.

Other symbols:AOSLBBWBVHEGLEGDP
1 month ago - Zacks Investment Research

Are You Looking for a Top Momentum Pick? Why Genco Shipping & Trading (GNK) is a Great Choice

Does Genco Shipping & Trading (GNK) have what it takes to be a top stock pick for momentum investors? Let's find out.

1 month ago - Zacks Investment Research

Shipping stocks hit fresh highs amid COVID-era supply chain chaos

The mainstream press is now awash in articles on global supply chain breakdowns, exorbitant shipping costs, clogged ports, emptying store shelves and rising inflation. That's good news for sentiment tow...

1 month ago - FreightWaves

Genco Shipping & Trading Limited to Participate in the H.C. Wainwright 23rd Annual Global Investment Conference

NEW YORK, Sept. 08, 2021 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that John C. Wobensmith, Chief Executive Officer; Apostolos Zafolias, Chief Financial Officer; a...

1 month ago - GlobeNewsWire

7 Overvalued Stocks to Sell to Invest Like Michael Burry

When Michael Burry speaks about overvalued stocks, you should pay attention even if you don't agree with his thesis. The post 7 Overvalued Stocks to Sell to Invest Like Michael Burry appeared first on I...

Other symbols:ALLDISCADNOWGEOMDPOXY
1 month ago - InvestorPlace

What Makes Genco Shipping (GNK) a Good Fit for "Trend Investing"

If you are looking for stocks that are well positioned to maintain their recent uptrend, Genco Shipping (GNK) could be a great choice. It is one of the several stocks that passed through our "Recent Pri...

1 month ago - Zacks Investment Research

4 Shipping Stocks to Buy on Economic Recovery-Led Demand Uptick

With the global economy on the mend, trading volumes should remain high. This scenario bodes well for the Zacks Transportation-Shipping industry, which comprises stocks like Star Bulk (SBLK), Costamare ...

Other symbols:CMREEGLESBLK
2 months ago - Zacks Investment Research

The shipping industry is seeing a cascading impact of the pandemic, expert says

Michelle Wiese Bockmann, analyst at Lloyd's List, discusses shipping blockages.

2 months ago - CNBC International TV

Genco Shipping & Trading (GNK) Tops Q2 Earnings and Revenue Estimates

Genco Shipping (GNK) delivered earnings and revenue surprises of 4.17% and 11.65%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Genco Shipping & Trading Limited Announces Second Quarter Financial Results

New Credit Facility for Global Refinancing Marks a Key Milestone Towards Implementation of Genco's Comprehensive Value Strategy

2 months ago - GlobeNewsWire

Genco Shipping (GNK) to Report Q2 Earnings: A Beat in Store?

Optimism surrounding the dry bulk market is a huge impetus for Genco Shipping (GNK) and is likely to have boosted its top line in Q2.

2 months ago - Zacks Investment Research

Genco Shipping (GNK) Moves to Strong Buy: Rationale Behind the Upgrade

Genco Shipping (GNK) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

2 months ago - Zacks Investment Research

Genco Shipping & Trading (GNK) Reports Next Week: Wall Street Expects Earnings Growth

Genco Shipping (GNK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

Genco Shipping & Trading Limited Announces Second Quarter 2021 Conference Call and Webcast

NEW YORK, July 15, 2021 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that it will hold a conference call to discuss the Company's results for the second quarter of 20...

3 months ago - GlobeNewsWire

Why the Earnings Surprise Streak Could Continue for Genco Shipping (GNK)

Genco Shipping (GNK) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

3 months ago - Zacks Investment Research

These stocks could benefit from severe disruptions in global supply chains

Supply chains have been disrupted by a slew of issues right as a resurgence in trade and strong demand for commodities meant more goods needed to be moved.

Other symbols:DSXEGLEGOGLSBLK
3 months ago - CNBC

4 Breakout Stocks You Must Add Right Away to Your Portfolio

The logic behind this strategy for stock selection is to identify stocks that are trading within a narrow band.

Other symbols:DLTHHBIOVEL
3 months ago - Zacks Investment Research

Here's What Could Help Genco Shipping (GNK) Maintain Its Recent Price Strength

Genco Shipping (GNK) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through ...

3 months ago - Zacks Investment Research

5 Stocks With Recent Price Strength Amid inflation Concerns

Investors target stocks that are witnessing a bullish run. Actually, stocks seeing price strength like SLCT, GRIN, TLYS, GSL and GNK have a high chance of carrying the momentum forward.

Other symbols:GRINGSLTLYS
4 months ago - Zacks Investment Research