Date | Price Target | Rating | Analyst |
---|---|---|---|
1/5/2024 | Buy → Neutral | BTIG Research | |
9/30/2022 | $20.00 | Buy | Stifel |
8/3/2022 | $29.00 | Buy | Alliance Global Partners |
7/21/2022 | $25.00 | Buy | Jefferies |
4/27/2022 | $26.00 → $27.00 | Buy | Jefferies |
2/24/2022 | $25.00 → $26.00 | Buy | Jefferies |
9/13/2021 | $30.00 | Buy | H.C. Wainwright |
6/30/2021 | $20.00 → $24.00 | Buy | Jefferies |
NEW YORK, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company"), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced the removal of the drydocking capex line item from its formula used to calculate its quarterly dividend. This will increase the amount of cash available for distribution to shareholders beginning in the third quarter of 2024. The amount available for quarterly dividends is to be calculated based on the following updated formula, commencing in Q3 2024: Dividend calculation Net revenue Less: operating expenses Operating cash flow Less: voluntary qu
NEW YORK, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company"), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today reported its financial results for the three months and six months ended June 30, 2024. Second Quarter 2024 and Year-to-Date Highlights Dividend: Declared a $0.34 per share dividend for Q2 2024 20th consecutive quarterly dividend over the last five yearsCumulative dividends of $5.915 per share or 33% of our share price1Q2 2024 dividend is payable on or about August 26, 2024 to all shareholders of record as of August 19, 2024. Financial performance: Net income of $23.5
NEW YORK, July 16, 2024 (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 2024 on Thursday, August 8, 2024 at 8:30 a.m. Eastern Time. The conference call will also be broadcast live over the Internet and include a slide presentation. The Company will issue financial results for the second quarter ended June 30, 2024 on Wednesday, August 7, 2024 after the close of market trading. What:Second Quarter 2024 Conference Call When:Thursday, August 8, 2024 at 8:30 a.m. Eastern Time Where:There are two ways to access the call: Dial-in: 646-307-1963 or 800-715-9871 Plea
BTIG Research downgraded Genco Shipping & Trading from Buy to Neutral
Stifel initiated coverage of Genco Shipping & Trading with a rating of Buy and set a new price target of $20.00
Alliance Global Partners initiated coverage of Genco Shipping & Trading with a rating of Buy and set a new price target of $29.00
In the last three months, 4 analysts have published ratings on Genco Shipping & Trading (NYSE:GNK), offering a diverse range of perspectives from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 0 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 2 0 0 0 0 3M Ago 1 0 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $26.75, a high estimate of $30.00, and a low estimate of $23.00. Surpassing the previous average pric
Alliance Global Partners analyst Poe Fratt maintains Genco Shipping & Trading (NYSE:GNK) with a Buy and raises the price target from $25 to $27.
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NEW YORK, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company"), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced the removal of the drydocking capex line item from its formula used to calculate its quarterly dividend. This will increase the amount of cash available for distribution to shareholders beginning in the third quarter of 2024. The amount available for quarterly dividends is to be calculated based on the following updated formula, commencing in Q3 2024: Dividend calculation Net revenue Less: operating expenses Operating cash flow Less: voluntary qu
NEW YORK, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company"), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today reported its financial results for the three months and six months ended June 30, 2024. Second Quarter 2024 and Year-to-Date Highlights Dividend: Declared a $0.34 per share dividend for Q2 2024 20th consecutive quarterly dividend over the last five yearsCumulative dividends of $5.915 per share or 33% of our share price1Q2 2024 dividend is payable on or about August 26, 2024 to all shareholders of record as of August 19, 2024. Financial performance: Net income of $23.5
NEW YORK, July 16, 2024 (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 2024 on Thursday, August 8, 2024 at 8:30 a.m. Eastern Time. The conference call will also be broadcast live over the Internet and include a slide presentation. The Company will issue financial results for the second quarter ended June 30, 2024 on Wednesday, August 7, 2024 after the close of market trading. What:Second Quarter 2024 Conference Call When:Thursday, August 8, 2024 at 8:30 a.m. Eastern Time Where:There are two ways to access the call: Dial-in: 646-307-1963 or 800-715-9871 Plea
4 - GENCO SHIPPING & TRADING LTD (0001326200) (Issuer)
4 - GENCO SHIPPING & TRADING LTD (0001326200) (Issuer)
4 - GENCO SHIPPING & TRADING LTD (0001326200) (Issuer)
10-Q - GENCO SHIPPING & TRADING LTD (0001326200) (Filer)
8-K - GENCO SHIPPING & TRADING LTD (0001326200) (Filer)
S-3ASR - GENCO SHIPPING & TRADING LTD (0001326200) (Filer)
SC 13D/A - GENCO SHIPPING & TRADING LTD (0001326200) (Subject)
SC 13D/A - GENCO SHIPPING & TRADING LTD (0001326200) (Subject)
SC 13D/A - GENCO SHIPPING & TRADING LTD (0001326200) (Subject)
NEW YORK, May 23, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company") the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced that Genco shareholders have overwhelmingly voted at the Company's Annual Meeting to re-elect to the Company's Board of Directors all seven of Genco's highly qualified director nominees – James G. Dolphin, Paramita Das, Kathleen C. Haines, Basil G. Mavroleon, Karin Y. Orsel, Arthur L. Regan and John C. Wobensmith. At the Annual Meeting, approximately 61.4% of the total shares outstanding as of the March 28, 2024 record date were represented at the meeting. The
Sets the Record Straight on Economou's Campaign Genco Continues Executing on the Comprehensive Value Strategy It Initiated in 2021 Shareholders Should Still Get Their Votes In "FOR" the Re-Election of Genco's Seven Highly Qualified Director Nominees NEW YORK, May 16, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company") the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today issued the following statement regarding George Economou's withdrawal of the nomination of Robert Pons for election to the Genco Board of Directors. Genco issued the following statement: We are please
Outlines Genco's Successful Comprehensive Value Strategy Reiterates Board's Unanimous Recommendation that Shareholders Vote "FOR" the Re-Election of Genco's Highly Qualified Nominees on the WHITE Proxy Card Today Advises Shareholders to Vote "WITHHOLD" Against George Economou's Nominee, Robert Pons, and Reject His Agenda NEW YORK, April 24, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company"), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced it mailed a letter to shareholders in connection with the Company's 2024 Annual Meeting of Shareholders (the "2024 Annual Meeting"), sche