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S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
What's Driving Tesla Lower Ahead of its Earnings?
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
These are the Top 4 Stocks for Buybacks in 2024
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
What's Driving Tesla Lower Ahead of its Earnings?
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
These are the Top 4 Stocks for Buybacks in 2024
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
What's Driving Tesla Lower Ahead of its Earnings?
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
These are the Top 4 Stocks for Buybacks in 2024
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
NASDAQ:SBLK

Star Bulk Carriers (SBLK) Stock Price, News & Analysis

$23.49
+0.39 (+1.69%)
(As of 04/18/2024 ET)
Today's Range
$22.87
$23.51
50-Day Range
$21.61
$24.89
52-Week Range
$16.57
$25.16
Volume
1.38 million shs
Average Volume
1.54 million shs
Market Capitalization
$1.97 billion
P/E Ratio
13.27
Dividend Yield
7.66%
Price Target
$53.50

Star Bulk Carriers MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
127.8% Upside
$53.50 Price Target
Short Interest
Bearish
6.58% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.98mentions of Star Bulk Carriers in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.12%
From $4.31 to $4.66 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.51 out of 5 stars

Industrials Sector

7th out of 20 stocks

Marine Shipping Industry

2nd out of 3 stocks

SBLK stock logo

About Star Bulk Carriers Stock (NASDAQ:SBLK)

Star Bulk Carriers Corp. is one of the world's largest bulk goods shippers. The company is ranked 4th by the number of ships but 2nd by deadweight tonnage, which stands at over 14 million. Bulk carriers transport unpackaged goods, such as commodities and raw materials, which are classified into two categories; major bulk and minor bulk.

Star Bulk Carriers Corp. was incorporated in 2006 in the Marshall Islands but maintains operational headquarters in Marousi, Greece. The company’s primary business is the oceanic transportation of dry bulk cargoes globally, although it does offer other services including vessel management. The company’s goal is to be a high-quality, sustainable and efficient operator that can produce long-term growth for investors. Growth will come via expansion and acquisitions as they present themselves.

Star Bulk Carriers Corp is a diversified dry bulk shipper as well. The fleet comprises 128 vessels ranging from the Supramax to Newcastlemax class, the largest shipping vessel in service. The bulk of the vessels are Kamsarmax class (there are 41 as of December 2022), while the remainder is mostly Newcastlemax, Capesize, Ultramax and Supramax. The size and scope of the fleet allow it to operate in all shipping markets where and as needed.

The company transports a wide range of major and minor bulks. Major bulks include iron, grains, sand and gravel, while the minor bulks include fertilizer, steel and cement.  The company’s fleet has an average age of 10 years (in 2022) which is young for a large shipping fleet. It transports more than 60 million tonnes of goods annually and is systemically important to the global supply chain. The charter schedule is set up in a way that allows maximum flexibility. Some vessels are reserved for longer-term charters that guarantee steady revenue while the rest are reserved for shorter-term and opportunistic charters.

Star Bulk Carriers Corp manages the bulk of its fleet through two subsidiaries, Star Bulk SA and Star Bulk Cyprus. This strategy allows the company to manage its fleet efficiently, including taking advantage of synergies and the benefits of scale. The company uses technology to its advantage. It invests in the latest ship technology and the tools to manage and maintain its fleet and maximize operational efficiency.

The company aims to maintain a healthy balance sheet through the ups and downs of the shipping cycle and only carries moderate amounts of debt. The company initiated a dividend policy in 2021 that allows it to pay dividends 4 times per year. The policy states “the Board may declare a dividend in each of February, May, August and November in an amount equal to (a) Star Bulk’s Total Cash Balance minus (b) the product of (i) the Minimum Cash Balance per Vessel and (ii) the Number of Vessels.” The company’s revenue approached $6 billion annually in 2022.

SBLK Stock Price History

SBLK Stock News Headlines

The Next Nvidia?
The Next Nvidia? Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet… but in the next 6 months that’s all they’ll talk about.
Star Bulk Completes Merger With Eagle Bulk
The Next Nvidia?
The Next Nvidia? Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet… but in the next 6 months that’s all they’ll talk about.
SBLK Aug 2024 29.000 call
SBLK Aug 2024 28.000 call
SBLK Apr 2024 29.000 call
SBLK Apr 2024 21.000 call
SBLK Jan 2025 25.000 call
Star Bulk Carriers: 8% Yield, Outperforming In 2024
Star Bulk Carriers Corp
SBLK Apr 2024 24.000 call
Star Bulk Carriers Ended FY 2023 On A High Note
See More Headlines
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Company Calendar

Last Earnings
2/13/2024
Ex-Dividend for 3/28 Dividend
3/11/2024
Dividend Payable
3/28/2024
Today
4/18/2024
Next Earnings (Estimated)
5/21/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Marine Shipping
Sub-Industry
N/A
Current Symbol
NASDAQ:SBLK
Employees
216
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$53.50
High Stock Price Target
$83.00
Low Stock Price Target
$24.00
Potential Upside/Downside
+127.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$173.56 million
Pretax Margin
18.30%

Debt

Sales & Book Value

Annual Sales
$949.27 million
Cash Flow
$4.02 per share
Book Value
$19.76 per share

Miscellaneous

Free Float
83,261,000
Market Cap
$1.97 billion
Optionable
Optionable
Beta
1.12

Social Links

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Key Executives

  • Mr. Petros Alexandros Pappas (Age 71)
    Founder, CEO & Director
    Comp: $9.89k
  • Mr. Hamish Norton (Age 65)
    President
  • Mr. Simos Spyrou (Age 50)
    Co-Chief Financial Officer
  • Mr. Christos Begleris (Age 43)
    Co-Chief Financial Officer
  • Mr. Nicos Rescos (Age 52)
    Chief Operating Officer
  • Mr. Zenon Kleopas (Age 69)
    Executive Vice President of Green Energy & Technology
  • Georgia Mastagaki
    Co-General Counsel & Co-Secretary
  • Ms. Charis Plakantonaki (Age 44)
    Chief Strategy Officer
  • Mr. Constantinos Simantiras
    Head of Market Research

SBLK Stock Analysis - Frequently Asked Questions

Should I buy or sell Star Bulk Carriers stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Star Bulk Carriers in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SBLK shares.
View SBLK analyst ratings
or view top-rated stocks.

What is Star Bulk Carriers' stock price target for 2024?

2 brokerages have issued 12-month price targets for Star Bulk Carriers' shares. Their SBLK share price targets range from $24.00 to $83.00. On average, they anticipate the company's stock price to reach $53.50 in the next twelve months. This suggests a possible upside of 127.8% from the stock's current price.
View analysts price targets for SBLK
or view top-rated stocks among Wall Street analysts.

How have SBLK shares performed in 2024?

Star Bulk Carriers' stock was trading at $21.26 at the beginning of the year. Since then, SBLK shares have increased by 10.5% and is now trading at $23.49.
View the best growth stocks for 2024 here
.

Are investors shorting Star Bulk Carriers?

Star Bulk Carriers saw a increase in short interest in March. As of March 31st, there was short interest totaling 5,120,000 shares, an increase of 21.6% from the March 15th total of 4,210,000 shares. Based on an average daily trading volume, of 1,510,000 shares, the short-interest ratio is currently 3.4 days. Currently, 6.6% of the shares of the stock are short sold.
View Star Bulk Carriers' Short Interest
.

When is Star Bulk Carriers' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 21st 2024.
View our SBLK earnings forecast
.

How were Star Bulk Carriers' earnings last quarter?

Star Bulk Carriers Corp. (NASDAQ:SBLK) announced its quarterly earnings data on Tuesday, February, 13th. The shipping company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.16. The shipping company earned $263.46 million during the quarter, compared to analysts' expectations of $236.40 million. Star Bulk Carriers had a net margin of 18.28% and a trailing twelve-month return on equity of 9.77%. During the same period last year, the business posted $0.90 earnings per share.

How often does Star Bulk Carriers pay dividends? What is the dividend yield for Star Bulk Carriers?

Star Bulk Carriers declared a quarterly dividend on Monday, February 12th. Investors of record on Tuesday, March 12th will be given a dividend of $0.45 per share on Thursday, March 28th. This represents a $1.80 dividend on an annualized basis and a yield of 7.66%. The ex-dividend date is Monday, March 11th. This is an increase from the stock's previous quarterly dividend of $0.22.
Read our dividend analysis for SBLK
.

Is Star Bulk Carriers a good dividend stock?

Star Bulk Carriers (NASDAQ:SBLK) pays an annual dividend of $1.80 per share and currently has a dividend yield of 7.82%. SBLK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 101.70%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SBLK will have a dividend payout ratio of 38.63% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SBLK.

What ETFs hold Star Bulk Carriers' stock?
What other stocks do shareholders of Star Bulk Carriers own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Star Bulk Carriers investors own include Bank of America (BAC), Intelsat (I), Diana Shipping (DSX), Scorpio Tankers (STNG), Eagle Bulk Shipping (EGLE), Micron Technology (MU), OPKO Health (OPK), Fossil Group (FOSL), Golden Ocean Group (GOGL) and Intel (INTC).

Who are Star Bulk Carriers' major shareholders?

Star Bulk Carriers' stock is owned by many different institutional and retail investors. Top institutional investors include Artemis Investment Management LLP (0.94%), Gilman Hill Asset Management LLC (0.48%), Jessup Wealth Management Inc (0.28%), Guidance Capital Inc. (0.03%), Astoria Portfolio Advisors LLC. (0.03%) and NBC Securities Inc. (0.01%).

How do I buy shares of Star Bulk Carriers?

Shares of SBLK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SBLK) was last updated on 4/18/2024 by MarketBeat.com Staff

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