Gener8 Maritime Inc (NASDAQ:GNRT) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 28, 2016
Zacks Investment Research has upgraded Gener8 Maritime Inc (NASDAQ:GNRT) to Hold in a report released on Wednesday September 28, 2016.
On 7/20/2015, Citigroup released a statement for Gener8 Maritime Inc (NASDAQ:GNRT) upped the target price from $0.00 to $18.00. At the time, this suggested an upside of 0.26%.
Boasting a price of $5.02, Gener8 Maritime Inc (NASDAQ:GNRT) traded 3.08% higher on the day. The last stock close price is down -20.36% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $5.32 and a two hundred day average of $6.30. Volume of trade was up over the average, with 711,241 shares of GNRT changing hands over the typical 363,630
Gener8 Maritime Inc has 52 week low of $4.70 and a 52 week high of $12.21 with a PE ratio of 2.34 and has a market capitalization of $0.
Also covering Gener8 Maritime Inc's price target, a total of 10 brokerages have released a report on Gener8 Maritime Inc. The 12-month price target is $11.51 with three brokerages rating the company a strong buy, four brokers rating the stock a buy, 1 broker rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Gener8 Maritime Inc (NASDAQ:GNRT)
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. The Company's vessels are primarily available for charter on a spot voyage or time charter basis and for employment in commercial pools. Its fleet of vessels include Gener8 Zeus, Gener8 Neptune, Gener8 Ares, Gener8 Hera, Gener8 Harriet G, Gener8 Horn, Gener8 Daphne, Gener8 Elektra, Gener8 Companion, Gener8 Compatriot, Gener8 Spyridon, Gener8 Kara G, Gener8 Maniate and others.
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