SBLK Stock Recent News

In the closing of the recent trading day, Star Bulk Carriers (SBLK) stood at $20.48, denoting a -0.1% change from the preceding trading day.

Danaos' strategic investment in Eagle Bulk, initially met with skepticism, has proven highly profitable. Eagle Bulk's merger with Star Bulk Carriers and a surge in dry bulk rates amid the Red Sea blockade have contributed to Danaos' share price rally. Still, significant upside prospects remain from Danaos' core investment case alone.

Star Bulk Carriers (SBLK) reachead $21.30 at the closing of the latest trading day, reflecting a +0.85% change compared to its last close.

Eagle Bulk Shipping (NYSE: EGLE ) stock is on the rise Tuesday after the company announced a merger agreement with Star Bulk Carriers (NASDAQ: SBLK ). That deal will have holders of EGLE stock receive 2.6211 shares of of SBLK stock for each share that they own.

SBLK's management offers promising FQ4'23 guidance, sustained fleet renewal, and a promising dry bulk outlook, implying its improved bottom line prospects over the next few quarters. Combined with its healthier balance sheet and robust profitability, we believe that the dry bulker remains well-positioned to pay out its attractive variable dividends ahead. The SBLK investment thesis remains robust, with the cyclical industry likely to benefit from the global economic recovery.

Investors need to pay close attention to Star Bulk Carriers (SBLK) stock based on the movements in the options market lately.

Star Bulk Carriers (SBLK) finishes the repurchase of 10 million shares of its common stock from Oaktree.

Star Bulk Carriers Corporation (NASDAQ:SBLK ) Q3 2023 Earnings Conference Call November 14, 2023 11:00 AM ET Company Participants Christos Begleris - Co-CFO Nicos Rescos - COO Charis Plakantonaki - CSO Petros Pappas - CEO Hamish Norton - President Simos Spyrou - Co-CFO Conference Call Participants Chris Robertson - Deutsche Bank Omar Nokta - Jefferies Ben Nolan - Stifel Nathan Ho - Bank of America Bendik Folden Nyttingnes - Clarksons Securities Operator Thank you for standing by, ladies and gentlemen, and welcome to the Star Bulk Carriers Conference Call on the Third Quarter 2023 financial results. We have with us Mr.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Star Bulk Carriers (SBLK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.