Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. The company's vessels transport a range of major bulks, including iron ores, coal, and grains, as well as minor bulks, such as bauxite, fertilizers, and steel products. As of March 16, 2021, it had a fleet of 128 vessels with an aggregate capacity of approximately 14.1 million deadweight tons, including 17 Newcastlemax, 22 Capesize, 2 Mini Capesize, 7 Post Panamax, 41 Kamsarmax, 2 Panamax, 20 Ultramax, and 17 Supramax vessels. The company also provides vessel management services. Star Bulk Carriers Corp. was incorporated in 2006 and is based in Maroussi, Greece.
IPO Year:
Exchange: NASDAQ
Website: starbulk.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
11/21/2024 | $19.30 → $20.20 | Sell → Hold | DNB Markets |
10/23/2024 | $30.00 → $21.00 | Buy → Hold | Stifel |
10/11/2024 | Hold → Sell | DNB Markets | |
7/21/2022 | $30.00 | Buy | Jefferies |
4/27/2022 | $36.00 | Buy | Jefferies |
2/23/2022 | $30.00 | Buy → Hold | Pareto |
2/18/2022 | $30.00 → $36.00 | Buy | Jefferies |
9/13/2021 | $35.00 | Buy | H.C. Wainwright |
ATHENS, Greece, Nov. 19, 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 third 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)Third quarter 2024Third quarter 2023Nine months endedSeptemb
ATHENS, Greece, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ:SBLK) today announced that it will release its results for the third quarter ended September 30, 2024, after the market closes in New York on Tuesday, November 19, 2024. Star Bulk's management team will host a conference call to discuss the Company's financial results on Wednesday, November 20, 2024 at 11:00 a.m. Eastern Time (ET). Conference Call details: Participants should dial into the call 10 minutes before the scheduled time using the following numbers: +1 877 405 1226 (US Toll-Free Dial In) or +1 201 689 7823 (US and Standard International Dial In), or +0 800 756 3429 (
ATHENS, Greece, Aug. 07, 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 second 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) Second quarter 2024Second quarter 2023Six mon
ATHENS, Greece, July 09, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ:SBLK), today announced that it will release its results for the second quarter ended June 30, 2024, after the market closes in New York on Wednesday, August 7, 2024. Star Bulk's management team will host a conference call to discuss the Company's financial results on Thursday, August 8, 2024 at 11:00 a.m. Eastern Time (ET). Conference Call details: Participants should dial into the call 10 minutes before the scheduled time using the following numbers: +1 877 405 1226 (US Toll-Free Dial In) or +1 201 689 7823 (US and Standard International Dial In), or +0 800 756 3429 (UK Tol
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
ATHENS, Greece, May 14, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ:SBLK), today announced that it will release its results for the first quarter ended March 31, 2024, after the market closes in New York on Wednesday, May 22, 2024. Star Bulk's management team will host a conference call to discuss the Company's financial results on Thursday, May 23, 2024 at 11:00 a.m. Eastern Time (ET). Conference Call details: Participants should dial into the call 10 minutes before the scheduled time using the following numbers: +1 877 405 1226 (US Toll-Free Dial In) or +1 201 689 7823 (US and Standard International Dial In), or +0 800 756 3429 (UK Toll Free
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
ATHENS, Greece, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ:SBLK) today announced that it will release its results for the fourth quarter and twelve months ended December 31, 2023 after the market closes in New York on Monday, February 12, 2024. Star Bulk's management team will host a conference call to discuss the Company's financial results on Tuesday, February 13, 2024 at 11:00 a.m. Eastern Time (ET). Conference Call details: Participants should dial into the call 10 minutes before the scheduled time using the following numbers: +1 877 405 1226 (US Toll-Free Dial In) or +1 201 689 7823 (US and Standard International Dial In), or +0
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
ATHENS, Greece, Nov. 19, 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 third 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)Third quarter 2024Third quarter 2023Nine months endedSeptemb
ATHENS, Greece, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ:SBLK), a global leader in dry bulk shipping, today announced the publication of its 2023 Environmental, Social, and Governance (ESG) Report. The report has been developed in accordance with the Global Reporting Initiative (GRI 2021) standards, the Sustainability Accounting Standards Board (SASB) for Marine Transportation (2018), and aligns with the United Nations' Sustainable Development Goals (SDGs). Specific GRI disclosures and SASB indicators have received limited level of assurance from Ernst & Young (Hellas) Certified Auditors Accountants S.A. The 2023 ESG Report is now a
ATHENS, Greece, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ:SBLK) today announced that it will release its results for the third quarter ended September 30, 2024, after the market closes in New York on Tuesday, November 19, 2024. Star Bulk's management team will host a conference call to discuss the Company's financial results on Wednesday, November 20, 2024 at 11:00 a.m. Eastern Time (ET). Conference Call details: Participants should dial into the call 10 minutes before the scheduled time using the following numbers: +1 877 405 1226 (US Toll-Free Dial In) or +1 201 689 7823 (US and Standard International Dial In), or +0 800 756 3429 (
NEW YORK, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Senior executives from leading shipping companies will participate on panels at Capital Link's 16th Annual New York Maritime Forum, taking place on Tuesday, October 15, 2024, at the Metropolitan Club in New York City. The event is organized in partnership with DNB, and in cooperation with Nasdaq and NYSE. Registration is complimentary for institutional investors and shipping companies. FORUM OVERVIEW AND STRUCTURE The New York Maritime Forum (NYMF) is both an investment and an industry conference that provides a platform for investors, financiers, cargo owners and shipowners to discuss the latest developments in the global shipping, energy and
NEW YORK, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Senior executives from leading shipping companies will participate on panels at Capital Link's 16th Annual New York Maritime Forum, taking place on Tuesday, October 15, 2024, at the Metropolitan Club in New York City. The event is organized in partnership with DNB, and in cooperation with Nasdaq and NYSE. Registration is complimentary for institutional investors and shipping companies. FORUM OVERVIEW AND STRUCTURE The New York Maritime Forum (NYMF) is both an investment and an industry conference that provides a platform for investors, financiers, cargo owners and shipowners to discuss the latest developments in the global shipping, energy an
ATHENS, Greece, Sept. 09, 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, announced today the sale of the Capesize m/v Star Triumph, the oldest vessel of its fleet (2004 built), at a gross price of $20.0 million, with net proceeds (after repayment of associated debt) of approximately $13.0 million. The Company expects to record a gain on sale of the vessel of approximately $7.7 million during the 3rd quarter of 2024. Additionally, pursuant to the Company's previously announced "share repurchase" program, 791,015 common shares were repurchased last week ("the Repurc
Tuesday, September 10, 2024 at the BMA House in London, UK NEW YORK, Aug. 28, 2024 (GLOBE NEWSWIRE) -- The 16th Annual Capital Link Shipping & Marine Services Forum will take place on Tuesday, September 10, 2024 from 8:00 AM to 5:30 PM at the BMA House in London. ABS is the Lead Sponsor of the Forum. This event aims to provide investors and industry participants with a comprehensive review and current outlook of the various shipping markets and in addition, cover topics of critical interest to industry participants, financiers and investors. 1x1 MEETINGS FOR INSTITUTIONAL INVESTORSMeetings are available only between institutional investors and company management. Please send all reques
ATHENS, Greece, Aug. 07, 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, announced today the resignation of Mr. Sherman Lau, a Class B Director since May 2021. Ms. Milena Maria Pappas has been appointed by the Board, as Class B Director, to fill the seat made vacant by the resignation of Mr. Lau. The Board currently consists of ten directors. Petros Pappas, Chief Executive Officer of Star Bulk, commented: "On behalf of the continuing members of the board and of management, I would like to thank all of the men and women who have represented Oaktree on our board over
ATHENS, Greece, Aug. 07, 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 second 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) Second quarter 2024Second quarter 2023Six mon
ATHENS, Greece, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ:SBLK), today announced that all the 5% Convertible Senior Notes, issued in July 2019 by our wholly-owned subsidiary, Eagle Bulk Shipping Inc. ("Convertible Notes'') maturing on August 1, 2024, were converted into 5,971,290 newly issued shares of Star Bulk common stock, basis a conversion ratio of 86.0801 shares of Star Bulk common stock per $1,000 principal amount of Convertible Notes. Accordingly, the Company will proceed to the cancellation of all the Convertible Notes. In connection with the Convertible Notes, 1,341,584 shares ("Loaned Shares") of Star Bulk have been loaned
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ATHENS, Greece, May 14, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. ("Star Bulk") (NASDAQ:SBLK), announced that the Company's Annual Meeting of Shareholders was duly held today in Cyprus pursuant to a Notice of Annual Meeting of Shareholders dated April 1, 2024 ("Notice"). At the meeting, each of the following proposals, which are set forth in more detail in the Notice and the Company's Proxy Statement were approved and adopted: The re-election of Messrs. Spyros Capralos, Koert Erhardt and Sherman Lau to serve as Class B Directors on the Company's Board of Directors.The appointment of DELOITTE CERTIFIED PUBLIC ACCOUNTANTS S.A. as the Company's independent auditors for the fiscal ye
ATHENS, Greece, Aug. 30, 2023 (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, announced today the appointment of Mr. Ryan Lee to its Board of Directors as Class B Director and to the Nomination and Corporate Governance Committee ("the Committee"). Mr. Lee fills the seat made vacant by the resignation of Mr. Brian Laibow from the Company's Board of Directors who has resigned in order to pursue other opportunities. Mr. Laibow was serving on the Company's Board and was a member of the Committee since January 2020. The Company would like to thank Mr. Laibow for his commitmen
ATHENS, Greece, May 08, 2023 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. ( the "Company" or "Star Bulk") (NASDAQ:SBLK) announced that the Company's Annual Meeting of Shareholders was duly held today in Cyprus pursuant to a Notice of Annual Meeting of Shareholders dated March 23, 2023 ("Notice"). At the meeting, each of the following proposals, which are set forth in more detail in the Notice and the Company's Proxy Statement were approved and adopted: The re-election of Messrs Mahesh Balakrishnan, Nikolaos Karellis and Mmes Katherine Ralph, Eleni Vrettou to serve as Class A Directors on the Company's Board of Directors.The appointment of DELOITTE CERTIFIED PUBLIC ACCOUNTANTS S.A. as the
ATHENS, Greece, May 11, 2022 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp (the "Company" or "Star Bulk") (NASDAQ:SBLK) announced that the Company's Annual Meeting of Shareholders was duly held today in Cyprus pursuant to a Notice of Annual Meeting of Shareholders dated March 31, 2022 ( "Notice"). At the meeting, each of the following proposals, which are set forth in more detail in the Notice and the Company's Proxy Statement were approved and adopted: The re-election of Messrs Petros Pappas, Spyros Capralos, Arne Blystad and Raffaele Zagari to serve as Class C Directors on the Company's Board of DirectorsThe appointment of DELOITTE CERTIFIED PUBLIC ACCOUNTANTS S.A. as the Company's i
Stifel analyst Benjamin Nolan maintains Star Bulk Carriers (NASDAQ:SBLK) with a Buy and raises the price target from $28 to $30.
Stifel analyst Benjamin Nolan maintains Star Bulk Carriers (NASDAQ:SBLK) with a Buy and raises the price target from $28 to $32.
Jefferies analyst Omar Nokta maintains Star Bulk Carriers (NASDAQ:SBLK) with a Buy and maintains $30 price target.
Star Bulk Carriers (NASDAQ:SBLK) reported quarterly earnings of $0.87 per share which beat the analyst consensus estimate of $0.81 by 7.41 percent. This is a 141.67 percent increase over earnings of $0.36 per share from the same period last year. The company reported quarterly sales of $259.390 million which beat the analyst consensus estimate of $206.614 million by 25.54 percent. This is a 15.78 percent increase over sales of $224.035 million the same period last year.
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During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the industrials sector. Genco Shipping & Trading Limited (NYSE:GNK) Dividend Yield: 4.95% Jefferies analyst Omar Nokta maintained a Buy rating and incr
Under the terms of the merger agreement, each Eagle shareholder received 2.6211 shares of Star Bulk common stock for each share of Eagle common stock owned. Eagle common stock has ceased trading and will no longer be listed on the New York Stock Exchange.
Under the terms of the Merger Agreement, at the effective time, each share of the Common Stock issued and outstanding immediately prior to the effective time (excluding Common Stock owned by Eagle, Star Bulk, Merger Sub or any of their respective direct or indirect wholly owned subsidiaries) will be cancelled in exchange for the right to receive 2.6211 shares of common stock of Star Bulk, par value $0.01 per share, and any cash payable in respect of fractional shares.
While search and rescue remains the top priority following the tragic collapse of the Francis Scott Key Bridge in Baltimore early Tuesday, the costs to global trade, markets and industry are already being examined. The container ship that veered off course and struck the bridge, causing its dramatic and immediate collapse, was the Dali, operated by charter vessel company Synergy Group and chartered by Danish shipping giant AP Moller Maersk (OTC:AMKBY). Maersk’s shares were down nearly 6% Tuesday, although it was not known whether the company will face any liability over the accident. It issued a statement that read: “We are closely following the investigations conducted by authoriti
DNB Markets upgraded Star Bulk Carriers from Sell to Hold and set a new price target of $20.20 from $19.30 previously
Stifel downgraded Star Bulk Carriers from Buy to Hold and set a new price target of $21.00 from $30.00 previously
DNB Markets downgraded Star Bulk Carriers from Hold to Sell
Jefferies initiated coverage of Star Bulk Carriers with a rating of Buy and set a new price target of $30.00
Jefferies resumed coverage of Star Bulk Carriers with a rating of Buy and set a new price target of $36.00
Pareto downgraded Star Bulk Carriers from Buy to Hold and set a new price target of $30.00
Jefferies reiterated coverage of Star Bulk Carriers with a rating of Buy and set a new price target of $36.00 from $30.00 previously
H.C. Wainwright initiated coverage of Star Bulk Carriers with a rating of Buy and set a new price target of $35.00
Jefferies reiterated coverage of Star Bulk Carriers with a rating of Buy and set a new price target of $25.00 from $22.00 previously
Deutsche Bank Aktiengesellschaft reiterated coverage of Star Bulk Carriers with a rating of Buy and set a new price target of $18.00 from $15.00 previously