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 |
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
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
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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., 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
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
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4 - Eagle Bulk Shipping Inc. (0001322439) (Issuer)
4 - Eagle Bulk Shipping Inc. (0001322439) (Issuer)
4 - Eagle Bulk Shipping Inc. (0001322439) (Issuer)
Although U.S. stocks closed higher on Friday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga's insider transactions platform. Eagle Bulk Shipping The Trade: Eagle Bulk Shipping Inc. (NYSE:EGLE) 10% owner Castor Maritime Inc. acquired a total of 169,635
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.
B. Riley Securities analyst Liam Burke maintains Eagle Bulk Shipping (NYSE:EGLE) with a Neutral and raises the price target from $52.2 to $63.5.
Eagle Bulk Shipping (NYSE:EGLE) reported quarterly earnings of $1.13 per share which beat the analyst consensus estimate of $0.71 by 59.15 percent. This is a 50.44 percent decrease over earnings of $2.28 per share from the same period last year. The company reported quarterly sales of $104.59 million which beat the analyst consensus estimate of $92.51 million by 13.06 percent. This is a 30.94 percent decrease over sales of $151.44 million the same period last year.
During the last three months, 4 analysts shared their evaluations of Eagle Bulk Shipping (NYSE:EGLE), revealing diverse outlooks from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 4 0 0 Last 30D 0 0 0 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 1 0 0 3M Ago 0 0 2 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $53.55, with a high estimate of $55.00 and a low estimate of $52.00. Highlighting a 15.0% decrease, the current
Alliance Global Partners analyst Poe Fratt downgrades Eagle Bulk Shipping (NYSE:EGLE) from Buy to Neutral.
Jefferies analyst Omar Nokta downgrades Eagle Bulk Shipping (NYSE:EGLE) from Buy to Hold and announces $55 price target.
Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on Eagle Bulk Shipping (NYSE:EGLE) in the last three months. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 3 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 2 0 0 3M Ago 1 0 0 0 0 Analysts have set 12-month price targets for Eagle Bulk Shipping, revealing an average target of $53.55, a high estimate of $55.00, and a low estimate of $52.00. A decline of 15.0% from the prior
Stifel analyst Benjamin Nolan downgrades Eagle Bulk Shipping (NYSE:EGLE) from Buy to Hold and raises the price target from $54 to $55.
The Red Sea, a crucial artery for global trade, remains under the shadow of escalating tensions. Recent incidents, including a strike by Iran-backed Houthi rebels Monday on the U.S.-owned Gibraltar Eagle, underscore the growing risks in this vital region. Houthi Strike On Gibraltar Eagle On Monday, the U.S. Central Command said an anti-ship ballistic missile was fired by Houthi forces on the U.S.-operated dry bulk ship Gibraltar Eagle. There were no reported injuries or significant damage to the ship. The vessel, managed by Eagle Bulk Shipping Inc. (NYSE:EGLE), was hit approximately 100 miles off the Gulf of Aden. Image: MapCharts This incident followed an earlier failed