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Genco Shipping & Trading Limited (GNK)

Stock Price: $16.08 USD -0.26 (-1.59%)
Updated May 11, 2021 4:00 PM EDT - Market closed
After-hours: $16.29 +0.21 (1.31%) May 11, 7:47 PM
Market Cap 667.66M
Revenue (ttm) 344.82M
Net Income (ttm) -103.24M
Shares Out 41.97M
EPS (ttm) -2.46
PE Ratio n/a
Forward PE n/a
Dividend $0.11
Dividend Yield 0.68%
Trading Day May 11
Last Price $16.08
Previous Close $16.34
Change ($) -0.26
Change (%) -1.59%
Day's Open 15.69
Day's Range 15.42 - 16.18
Day's Volume 1,204,838
52-Week Range 4.25 - 17.00

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Genco Shipping (GNK) delivered earnings and revenue surprises of 100.00% and 10.18%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

6 days ago - Zacks Investment Research

Further Steps Taken Towards Implementation of New Comprehensive Value Strategy

6 days ago - GlobeNewsWire

Genco Shipping (GNK) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

6 days ago - Zacks Investment Research

Genco Shipping & Trading (GNK), Spirit Realty Capital (SRC) & National Energy Services Reunited (NESR) are three top-rated stocks that flaunt superb earnings acceleration now.

Other stocks mentioned: NESR, SRC
1 week ago - Zacks Investment Research

The stock market has boomed in the COVID era, driven by fiscal and monetary policy and surging retail-investor interest. Many ocean shipping stocks — with the glaring exception of tanker equities — have...

Other stocks mentioned: AMKBY, CMRE, DAC, DHT, EDRY, EGLE, ESEA ...
1 week ago - FreightWaves

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

1 week ago - Zacks Investment Research

Investors target stocks that are witnessing a bullish run. Actually, stocks seeing price strength like GNK, ESEA, NMM, BSET and CTRN have a high chance of carrying the momentum forward.

Other stocks mentioned: BSET, CTRN, ESEA, NMM
1 week ago - Zacks Investment Research

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.

1 week ago - Zacks Investment Research

Genco Shipping (GNK) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the...

2 weeks ago - Zacks Investment Research

NEW YORK, April 21, 2021 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco”) today announced that it has entered into an agreement to acquire a 2016-built 64,000 dwt Ultramax vesse...

2 weeks ago - GlobeNewsWire

NEW YORK, April 20, 2021 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that John C. Wobensmith, Chief Executive Officer; Apostolos Zafolias, Chief Financial Officer; a...

3 weeks ago - GlobeNewsWire

Container shipping rises first and highest, then dry bulk, then product tankers, then crude tankers. That's the emerging consensus on how a post-COVID global recovery will play out in ocean shipping.

Other stocks mentioned: BDRY, DSX, EGLE, GOGL, GRIN, SB, SBLK
3 weeks ago - FreightWaves

Genco Seeks to Deliver Continuous Value to Shareholders Through a Compelling Dividend Payout Strategy, Growth and Deleveraging

3 weeks ago - GlobeNewsWire

NEW YORK, April 12, 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 first quarter of 20...

4 weeks ago - GlobeNewsWire

Widening Suez Canal May Make Sense: Genco Shipping CEO

YouTube video

Mar.29 -- John Wobensmith, chief executive officer of New York-listed Genco Shipping & Trading Ltd., which owns 41 vessels according to its website, talks about the nearly week-long saga to dislodge a g...

1 month ago - Bloomberg Markets and Finance

After a decade of head fakes and disappointments, investors can be forgiven their skepticism toward shipping stocks. Add to that the pandemic unknowns.

Other stocks mentioned: CMRE, DHT, DSSI, EGLE, ESEA, FRO, GOGL ...
1 month ago - FreightWaves

NEW YORK, March 01, 2021 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that John C. Wobensmith, Chief Executive Officer, is scheduled to present at the 15th Annual Cap...

2 months ago - GlobeNewsWire

Genco Shipping (GNK) delivered earnings and revenue surprises of 57.14% and 6.73%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Completes Ultramax Acquisition and Divestiture Portion of Fleet Renewal Plan, Declares a Regular Quarterly Cash Dividend of $0.02 per Share Completes Ultramax Acquisition and Divestiture Portion of Flee...

2 months ago - GlobeNewsWire

SAILING INTO RECOVERY  Complimentary Registration

Other stocks mentioned: CPLP, DAC, EDRY, ESEA, GOGL, GRIN, GSL ...
2 months ago - GlobeNewsWire

Genco Shipping (GNK) doesn't possess 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

Find Cheap Stocks Under $10 to Buy with the S&P 500 at Records

Other stocks mentioned: BCS, MRO
3 months ago - Zacks Investment Research

NEW YORK, Feb. 08, 2021 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that John C. Wobensmith, Chief Executive Officer, is scheduled to present at the Stifel 2021 Virt...

3 months ago - GlobeNewsWire

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest v...

3 months ago - Zacks Investment Research

NEW YORK, Feb. 04, 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 fourth quarter of 20...

3 months ago - GlobeNewsWire

NEW YORK, Jan. 27, 2021 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK), the largest U.S. headquartered drybulk shipowner focused on the transportation of major and minor bulk commoditi...

3 months ago - GlobeNewsWire

NEW YORK, Jan. 20, 2021 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK), the largest U.S. headquartered drybulk shipowner focused on the transportation of major and minor bulk commoditi...

3 months ago - GlobeNewsWire

Asset Swap Transaction Grows Genco's Presence in Minor Drybulk Trades while Preserving Leadership in the Capesize Sector Asset Swap Transaction Grows Genco's Presence in Minor Drybulk Trades while Prese...

4 months ago - GlobeNewsWire

2021 dry bulk market conditions are forecasted to be strong albeit volatile. Risk is skewed to the upside for the company's equity currency.

5 months ago - Seeking Alpha

NEW YORK, Nov. 18, 2020 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK), the largest U.S. headquartered drybulk shipowner focused on the transportation of major and minor bulk commoditie...

5 months ago - GlobeNewsWire

Genco Shipping & Trading Limited (GNK) CEO John Wobensmith on Q3 2020 Results - Earnings Call Transcript

6 months ago - Seeking Alpha

Genco Shipping (GNK) delivered earnings and revenue surprises of -50.00% and -0.11%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research

Declares a Regular Quarterly Cash Dividend of $0.02 per Share Declares a Regular Quarterly Cash Dividend of $0.02 per Share

6 months ago - GlobeNewsWire

Genco (GNK) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

6 months ago - Zacks Investment Research

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.

6 months ago - Zacks Investment Research

NEW YORK, Oct. 06, 2020 (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 third quarter of 202...

7 months ago - GlobeNewsWire

Dry cargo shipping is a highly fragmented, commodity-type business with little differentiation between ships of similar type, size, or age.

Other stocks mentioned: DSX, EGLE, SALT, SB, SBLK
8 months ago - Seeking Alpha

Genco Shipping & Trading Limited's (GNK) CEO John Wobensmith on Q2 2020 Results - Earnings Call Transcript

9 months ago - Seeking Alpha

Declares a Regular Quarterly Cash Dividend of $0.02 per Share Declares a Regular Quarterly Cash Dividend of $0.02 per Share

9 months ago - GlobeNewsWire

Results are coming in better than expected despite COVID-19-related disruptions in the quarter.

Other stocks mentioned: CHRW, USX
9 months ago - The Motley Fool

Genco Shipping (GNK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

9 months ago - Zacks Investment Research

NEW YORK, July 20, 2020 (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 ...

9 months ago - GlobeNewsWire

NEW YORK, June 25, 2020 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”) today announced that it has changed the location of its 2020 Annual Meeting of Shareh...

10 months ago - GlobeNewsWire

Protocols Established by Genco and Singapore’s MPA Facilitate Successful Full Crew Change of the Genco Liberty Protocols Established by Genco and Singapore’s MPA Facilitate Successful Full Crew Change o...

11 months ago - GlobeNewsWire

Genco Shipping & Trading Limited (GNK) CEO John Wobensmith on Q1 2020 Results - Earnings Call Transcript

1 year ago - Seeking Alpha

Genco Shipping (GNK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 year ago - Zacks Investment Research

David Marcus of Evermore Global Advisors updates his volatile marine shipping bet, and a new internet services play

Other stocks mentioned: FRO, SALT, SBLK, STNG
1 year ago - Market Watch

After enjoying a phenomenal run in 2019, shipping stock trading ranges have collapsed and our portfolios have been bloodied.

Other stocks mentioned: CPLP, DSSI, EURN, FLNG, INSW, NMCI, OSG ...
1 year ago - Seeking Alpha

Genco Shipping & Trading Limited (GNK) CEO John Wobensmith on Q4 2019 Results - Earnings Call Transcript

1 year ago - Seeking Alpha

NEW YORK, Jan. 29, 2020 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) (“Genco” or the “Company”) announced today the completion of its exhaust gas cleaning systems (“scrubbers”) pro...

1 year ago - GlobeNewsWire

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... [Read more...]

Industry
Marine Shipping
IPO Date
Jul 22, 2005
CEO
John Wobensmith
Employees
960
Stock Exchange
NYSE
Ticker Symbol
GNK
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 Forecasts

According to 6 analysts, the average rating for GNK stock is "Strong Buy." The 12-month stock price forecast is 19.94, which is an increase of 24.00% from the latest price.

Price Target
$19.94
(24.00% upside)
Analyst Consensus: Strong Buy