Eagle Bulk Shipping Inc. engages in the ocean transportation of dry bulk cargoes worldwide. The company owns, charters, and operates dry bulk vessels that transport a range of bulk cargoes, including iron ore, coal, grains, fertilizers, steel products, petcoke, cement, and forest products. It serves miners, producers, traders, and end users. As of December 31, 2020, it operated a fleet of 45 vessels. Eagle Bulk Shipping Inc. was founded in 2005 and is headquartered in Stamford, Connecticut.
IPO Year:
Exchange: NASDAQ
Website: eagleships.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/26/2024 | Buy → Neutral | Alliance Global Partners | |
| 1/31/2024 | $55.00 | Buy → Hold | Jefferies |
| 1/5/2024 | Buy → Neutral | BTIG Research | |
| 9/30/2022 | $62.00 | Buy | Stifel |
| 8/3/2022 | $85.00 | Buy | Alliance Global Partners |
| 7/21/2022 | $64.00 | Buy | Jefferies |
| 4/27/2022 | $70.00 | Buy | Jefferies |
| 3/7/2022 | $62.00 → $67.00 | Buy | B. Riley Securities |
| 10/6/2021 | $55.00 → $65.00 | Buy | BTIG Research |
| 9/13/2021 | $80.00 | Buy | H.C. Wainwright |
STAMFORD, Conn., Jan. 19, 2023 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NYSE:EGLE) ("Eagle Bulk", "Eagle", or the "Company"), one of the world's largest owner-operators within the midsize drybulk vessel segment, today announced that it has appointed A. Kate Blankenship to its Board of Directors, effective January 18, 2023. Ms. Blankenship is a member of the Institute of Chartered Accountants in England and Wales (ICAEW). In addition to having served in key senior management positions, Ms. Blankenship has served as a director at a number of U.S.-listed companies within the shipping and energy industries, including; Frontline, Golden Ocean, Golar LNG, International Seaways, and Seadril
STAMFORD, Conn., Nov. 17, 2021 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NASDAQ:EGLE) ("Eagle Bulk", "Eagle" or the "Company"), one of the world's largest owner-operators within the midsize drybulk vessel segment, today announced that Costa Tsoutsoplides has been appointed as the Company's Chief Strategy Officer. In this newly created role, Mr. Tsoutsoplides will have broad responsibilities in developing Eagle's Corporate strategy as well as leading capital markets initiatives and overseeing ESG and investor relations. Mr. Tsoutsoplides will also retain his existing responsibilities, including mergers & acquisitions and vessel sale and purchase. Eagle's CEO Gary Vogel commented, "I am
Alliance Global Partners downgraded Eagle Bulk Shipping from Buy to Neutral
Jefferies downgraded Eagle Bulk Shipping from Buy to Hold and set a new price target of $55.00
BTIG Research downgraded Eagle Bulk Shipping from Buy to Neutral
Stifel initiated coverage of Eagle Bulk Shipping with a rating of Buy and set a new price target of $62.00
Alliance Global Partners initiated coverage of Eagle Bulk Shipping with a rating of Buy and set a new price target of $85.00
Jefferies initiated coverage of Eagle Bulk Shipping with a rating of Buy and set a new price target of $64.00
Jefferies resumed coverage of Eagle Bulk Shipping with a rating of Buy and set a new price target of $70.00
B. Riley Securities reiterated coverage of Eagle Bulk Shipping with a rating of Buy and set a new price target of $67.00 from $62.00 previously
BTIG Research reiterated coverage of Eagle Bulk Shipping with a rating of Buy and set a new price target of $65.00 from $55.00 previously
H.C. Wainwright initiated coverage of Eagle Bulk Shipping with a rating of Buy and set a new price target of $80.00
NEWPORT, R.I., Sept. 23, 2024 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ:PANL), a global provider of comprehensive maritime logistics solutions, and M.T. Maritime Management (USA) LLC ("MTM"), managers of a diversified fleet of tankers and dry bulk vessels, today announced a definitive agreement to merge fifteen handy-size dry bulk vessels into Pangaea's 26 vessel supramax, ultramax, panamax and post-panamax fleet. The handy vessels are currently owned by Strategic Shipping Inc. ("SSI"), a privately held company managed by MTM located in Southport, Connecticut. The fifteen handy-size vessels are valued at approximately $295 million, inclusive of ve
ATHENS, Greece, May 22, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ:SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, today announced its unaudited financial and operating results for the first quarter of 2024. Unless otherwise indicated or unless the context requires otherwise, all references in this press release to "we," "us," "our," or similar references, mean Star Bulk Carriers Corp. and, where applicable, its consolidated subsidiaries. Financial Highlights (Expressed in thousands of U.S. dollars, except for daily rates and per share data) First quarter 2024First quarter 2023Voyage Revenues$259,390$22
STAMFORD, Conn., March 01, 2024 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NYSE:EGLE) ("Eagle" or the "Company"), one of the world's largest owner-operators within the midsize drybulk vessel segment, today reported financial results for the quarter and year ended December 31, 2023. Quarter Highlights: Generated Revenues, net of $104.6 million Achieved TCE(1) of $16,169 / day based on TCE Revenues(1) of $74.8 million Realized net income of $6.7 million, or $0.71 per basic share Adjusted net income(1) of $13.0 million, or $1.39 per basic share(1) Generated EBITDA(1) of $28.2 million Adjusted EBITDA(1) of $36.3 million Declared a quarterly dividend of $0.60 per share for the fourth
ATHENS, Greece, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ:SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, today announced its unaudited financial and operating results for the fourth quarter of 2023. Unless otherwise indicated or unless the context requires otherwise, all references in this press release to "we," "us," "our," or similar references, mean Star Bulk Carriers Corp. and, where applicable, its consolidated subsidiaries. Financial Highlights (Expressed in thousands of U.S. dollars, except for daily rates and per share data) Fourth quarter 2023Fourth quarter 2022Twelve months ended De
Leading, Diversified and Scrubber-Fitted Fleet of 169 Owned Vessels Best-in-Class Commercial and Technical Operations and Expanded Global Presence Spanning Europe, Asia and North America Expect to Realize Meaningful Financial Benefits from Significant Cost and Revenue Synergies Companies to Host Conference Call Today at 5:30 p.m. ET ATHENS, Greece and STAMFORD, Conn., Dec. 11, 2023 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. ("Star Bulk") (NASDAQ:SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, and Eagle Bulk Shipping Inc. (NYSE:EGLE) ("Eagle"), one of the world's largest owner-operators within the midsize dry bulk vessel segment, today announced th
STAMFORD, Conn., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NYSE:EGLE) ("Eagle" or the "Company"), one of the world's largest owner-operators within the midsize drybulk vessel segment, today reported financial results for the quarter ended September 30, 2023. Quarter Highlights: Generated Revenues, net of $82.6 million Achieved TCE(1) of $11,482 based on TCE Revenue(1) of $54.1 million Incurred a net loss of $5.2 million, or $0.55 per basic share Adjusted net loss(1) of $2.9 million, or $0.31 per basic share(1) Generated Adjusted EBITDA(1) of $15.6 millionCompleted the sale of the Sankaty Eagle, a non-core, non-scrubber-fitted Supramax bulkcarrierDeclared a quarterly
STAMFORD, Conn., Sept. 28, 2023 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NYSE:EGLE) ("Eagle Bulk", "Eagle", or the "Company"), one of the world's largest owner-operators within the midsize drybulk vessel segment, announced today that it will report its financial results for the third quarter ending September 30, 2023, after the close of stock market trading on November 2, 2023. Members of Eagle's senior management team will host a call at 8:00 a.m. ET on Friday, November 3, 2023 in order to discuss company results and provide an update on market fundamentals. A live webcast of the call will be available on the Investor Relations page of the Company's website at ir.eagleships.com. To
STAMFORD, Conn., Aug. 03, 2023 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NYSE:EGLE) ("Eagle" or the "Company"), one of the world's largest owner-operators within the midsize drybulk vessel segment, today reported financial results for the quarter ended June 30, 2023. Quarter Highlights: Generated Revenues, net of $101.4 million Achieved TCE(1) of $14,434/day based on TCE Revenue(1) of $65.0 million Realized net income of $18.0 million, or $1.42 per basic share Adjusted net income(1) of $16.7 million, or $1.31 per basic share(1) Generated Adjusted EBITDA(1) of $24.8 millionClosed on the purchase and took delivery of two high-specification 2020-built scrubber-fitted Ultramax bulkca
STAMFORD, Conn., June 30, 2023 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NYSE:EGLE) ("Eagle Bulk", "Eagle", or the "Company"), one of the world's largest owner-operators within the midsize drybulk vessel segment, announced today that it will report its financial results for the second quarter ending June 30, 2023, after the close of stock market trading on August 3, 2023. Members of Eagle's senior management team will host a call at 8:00 a.m. ET on Friday, August 4, 2023 in order to discuss company results and provide an update on market fundamentals. A live webcast of the call will be available on the Investor Relations page of the Company's website at ir.eagleships.com. To access th
STAMFORD, Conn., June 22, 2023 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NYSE:EGLE) ("Eagle Bulk", "Eagle", or the "Company"), one of the world's largest owner-operators within the midsize drybulk vessel segment, today announced that its Board of Directors has approved an agreement with Oaktree Capital Management ("Oaktree") and certain of its affiliates pursuant to which Eagle has repurchased approximately 3.8 million shares of Eagle common stock, representing Oaktree's entire stock ownership of approximately 28% in the Company, for an aggregate purchase price of approximately $219.3 million. The purchase price of $58.00 per share represents a discount of approximately $11.00 per shar
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NEWPORT, R.I., Sept. 23, 2024 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ:PANL), a global provider of comprehensive maritime logistics solutions, and M.T. Maritime Management (USA) LLC ("MTM"), managers of a diversified fleet of tankers and dry bulk vessels, today announced a definitive agreement to merge fifteen handy-size dry bulk vessels into Pangaea's 26 vessel supramax, ultramax, panamax and post-panamax fleet. The handy vessels are currently owned by Strategic Shipping Inc. ("SSI"), a privately held company managed by MTM located in Southport, Connecticut. The fifteen handy-size vessels are valued at approximately $295 million, inclusive of ve
ATHENS, Greece, May 22, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ:SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, today announced its unaudited financial and operating results for the first quarter of 2024. Unless otherwise indicated or unless the context requires otherwise, all references in this press release to "we," "us," "our," or similar references, mean Star Bulk Carriers Corp. and, where applicable, its consolidated subsidiaries. Financial Highlights (Expressed in thousands of U.S. dollars, except for daily rates and per share data) First quarter 2024First quarter 2023Voyage Revenues$259,390$22
STAMFORD, Conn., April 05, 2024 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NYSE:EGLE) ("Eagle" or the "Company") today announced that its shareholders voted in favor of (1) a proposal to approve and authorize the previously announced Agreement and Plan of Merger, dated December 11, 2023 (the "Merger Agreement"), entered into by and among Star Bulk Carriers Corp. ("Star Bulk"), Star Infinity Corp. ("Merger Sub") and the Company and the merger contemplated thereby (the "Merger Proposal") and (2) a proposal to authorize and approve the issuance of shares of the Company's common stock, $0.01 par value per share (the "Common Stock"), issuable upon the potential future conversion of the Compa
STAMFORD, Conn., March 01, 2024 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NYSE:EGLE) ("Eagle" or the "Company"), one of the world's largest owner-operators within the midsize drybulk vessel segment, today reported financial results for the quarter and year ended December 31, 2023. Quarter Highlights: Generated Revenues, net of $104.6 million Achieved TCE(1) of $16,169 / day based on TCE Revenues(1) of $74.8 million Realized net income of $6.7 million, or $0.71 per basic share Adjusted net income(1) of $13.0 million, or $1.39 per basic share(1) Generated EBITDA(1) of $28.2 million Adjusted EBITDA(1) of $36.3 million Declared a quarterly dividend of $0.60 per share for the fourth
ATHENS, Greece, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ:SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, today announced its unaudited financial and operating results for the fourth quarter of 2023. Unless otherwise indicated or unless the context requires otherwise, all references in this press release to "we," "us," "our," or similar references, mean Star Bulk Carriers Corp. and, where applicable, its consolidated subsidiaries. Financial Highlights (Expressed in thousands of U.S. dollars, except for daily rates and per share data) Fourth quarter 2023Fourth quarter 2022Twelve months ended De
Nominees Randee Day and Robert M. Pons Would Bring Valuable Maritime, Technology, Senior Leadership and Corporate Governance Experience to Genco Board GK Investor LLC ("GK"), an affiliate of George Economou that is an approximately 5.4% shareholder of Genco Shipping & Trading Limited ("Genco" or the "Company") (NYSE:GNK), today announced that it has nominated two candidates for election to the Genco Board of Directors (the "Board") at the 2024 Annual Meeting of Genco's Shareholders (the "Annual Meeting"). GK's nominees are: Randee Day, President and CEO of Day & Partners, LLC, a maritime consulting and advisory group. She has 35 years of experience in corporate governance, restructur
Leading, Diversified and Scrubber-Fitted Fleet of 169 Owned Vessels Best-in-Class Commercial and Technical Operations and Expanded Global Presence Spanning Europe, Asia and North America Expect to Realize Meaningful Financial Benefits from Significant Cost and Revenue Synergies Companies to Host Conference Call Today at 5:30 p.m. ET ATHENS, Greece and STAMFORD, Conn., Dec. 11, 2023 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. ("Star Bulk") (NASDAQ:SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, and Eagle Bulk Shipping Inc. (NYSE:EGLE) ("Eagle"), one of the world's largest owner-operators within the midsize dry bulk vessel segment, today announced th
STAMFORD, Conn., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NYSE:EGLE) ("Eagle" or the "Company"), one of the world's largest owner-operators within the midsize drybulk vessel segment, today reported financial results for the quarter ended September 30, 2023. Quarter Highlights: Generated Revenues, net of $82.6 million Achieved TCE(1) of $11,482 based on TCE Revenue(1) of $54.1 million Incurred a net loss of $5.2 million, or $0.55 per basic share Adjusted net loss(1) of $2.9 million, or $0.31 per basic share(1) Generated Adjusted EBITDA(1) of $15.6 millionCompleted the sale of the Sankaty Eagle, a non-core, non-scrubber-fitted Supramax bulkcarrierDeclared a quarterly
STAMFORD, Conn., Sept. 28, 2023 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NYSE:EGLE) ("Eagle Bulk", "Eagle", or the "Company"), one of the world's largest owner-operators within the midsize drybulk vessel segment, announced today that it will report its financial results for the third quarter ending September 30, 2023, after the close of stock market trading on November 2, 2023. Members of Eagle's senior management team will host a call at 8:00 a.m. ET on Friday, November 3, 2023 in order to discuss company results and provide an update on market fundamentals. A live webcast of the call will be available on the Investor Relations page of the Company's website at ir.eagleships.com. To
NEW YORK, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Senior executives from leading dry bulk shipping companies will participate on panels and presentations at Capital Link's 15th Annual International Shipping Forum on Tuesday, October 10, 2023, at the Metropolitan Club in New York City. The event is organized in partnership with DNB, and in cooperation with NASDAQ & NYSE. FORUM OVERVIEW AND STRUCTURE The Forum provides an interactive platform for maritime industry leaders to share their insight on critical industry topics with a broader audience. This event assembles a diverse mix of professionals including senior executives of publicly listed and privately held global shipping, energy and com