Zacks: Gener8 Maritime Inc (GNRT) Given Consensus Recommendation of “” by Brokerages

Shares of Gener8 Maritime Inc (NASDAQ:GNRT) have been given a consensus broker rating score of 0.00 () from the three analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and two have assigned a strong buy rating to the company.

Brokerages have set a one year consensus target price of $7.67 for the company and are predicting that the company will post $0.47 EPS for the current quarter, according to Zacks. Zacks has also given Gener8 Maritime an industry rank of 163 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research upgraded shares of Gener8 Maritime from a “sell” rating to a “hold” rating in a research note on Tuesday, March 14th.

Gener8 Maritime (NASDAQ:GNRT) traded up 3.45% during mid-day trading on Thursday, hitting $5.40. 127,346 shares of the stock traded hands. The stock has a market cap of $447.98 million and a PE ratio of 6.67. The company has a 50 day moving average of $5.06 and a 200-day moving average of $4.77. Gener8 Maritime has a 12-month low of $3.52 and a 12-month high of $8.75.

Gener8 Maritime (NASDAQ:GNRT) last issued its quarterly earnings results on Monday, March 13th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.07. The firm earned $99.60 million during the quarter, compared to analysts’ expectations of $90.82 million. During the same quarter in the prior year, the firm earned $0.61 EPS. The firm’s revenue was down 1.1% compared to the same quarter last year. Equities research analysts forecast that Gener8 Maritime will post ($0.07) earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC increased its position in shares of Gener8 Maritime by 47.3% in the third quarter. Tower Research Capital LLC TRC now owns 33,360 shares of the company’s stock worth $171,000 after buying an additional 10,710 shares in the last quarter. Two Sigma Investments LP purchased a new position in shares of Gener8 Maritime during the fourth quarter worth about $144,000. Marshall Wace LLP purchased a new position in shares of Gener8 Maritime during the fourth quarter worth about $149,000. UBS Oconnor LLC increased its position in shares of Gener8 Maritime by 4.2% in the third quarter. UBS Oconnor LLC now owns 1,016,063 shares of the company’s stock worth $5,202,000 after buying an additional 40,952 shares in the last quarter. Finally, Aperio Group LLC purchased a new position in shares of Gener8 Maritime during the third quarter worth about $220,000.

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Gener8 Maritime Company Profile

Gener8 Maritime, Inc, formerly General Maritime Corporation, is a provider of international seaborne crude oil transportation services. The Company operates through the segment, which includes the transportation of international seaborne crude oil and petroleum products with its fleet of vessels. The Company owns a fleet of over 45 tankers, including 31 vessels on the water consisting of 14 Very Large Crude Carriers (VLCCs), approximately 11 Suezmax vessels, over four Aframax vessels and approximately two Panamax vessels with an aggregate carrying capacity of approximately 6.6 million deadweight tons.

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