Star Bulk Carriers

Star Bulk Carriers Corp. provides seaborne transportation solutions in the dry bulk sector. The firm's vessels transport major bulks, which include iron ore, minerals and grain, and minor bulks, which include bauxite, fertilizers and steel products. The company was founded by Petros Alexandros Pappas on December 13, 2006 and is headquartered in Athens, Greece.

Earnings data Q4 2020

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Star Bulk Carriers posts strong Q4 earnings amidst market optimism

Star Bulk Carriers delivered a robust performance in Q4 2022, driven by strong earnings, positive cash flow, and a commitment to shareholder value through dividends.
While facing challenges such as fleet upgrade expenses and cost management, the company remains well-positioned with a solid financial foundation and growth opportunities.
By capitalizing on its strengths in operational efficiency, ESG initiatives, and market outlook, Star Bulk can navigate challenges and leverage opportunities for sustainable growth.

Star Bulk Carriers reports robust Q1 earnings and advances ESG initiatives

Star Bulk Carriers' Q1 2023 performance reflects financial resilience, operational excellence, and a strategic focus on sustainable growth amidst industry challenges and opportunities.
The company's strengths in liquidity management, capital allocation discipline, and ESG leadership position it well for long-term value creation and competitive advantage.
While facing debt-related challenges and market uncertainties, Star Bulk Carriers can leverage fleet optimization, ESG commitments, and industry trends to drive future success and shareholder value.

Star Bulk Carriers posts solid Q2 earnings amidst sustainability drive

Star Bulk Carriers delivered strong financial results in Q2 2023, supported by robust earnings, shareholder returns, and operational efficiency.
While facing challenges such as upcoming dry dock expenses and cost management, the company remains well-positioned to capitalize on market opportunities.
By focusing on sustainability, innovation, and financial discipline, Star Bulk Carriers aims to navigate industry dynamics and drive long-term value for stakeholders.

Star Bulk Carriers posts solid Q3 results, eyes sustainable growth

Star Bulk Carriers delivered strong financial results in Q3, supported by a robust dividend payout and strategic fleet management decisions.
The company's ESG efforts and market focus on key trades provide a foundation for sustainable growth and operational efficiency.
While facing challenges related to debt levels and market dependencies, Star Bulk Carriers has opportunities to optimize shareholder value and navigate industry trends effectively.

Star Bulk Carriers excels in Q4, eyes sustainable growth

Star Bulk Carriers delivered a robust financial performance in Q4 2023, maintaining a strong cash position and strategic fleet management.
While facing challenges such as managing dry dock expenses and regulatory compliance, the company's proactive approach and environmental focus present growth opportunities.
Overall, Star Bulk's commitment to sustainability, operational efficiency, and market positioning bode well for future success in the dry bulk shipping industry.

Star Bulk Carriers posts solid Q1 earnings amidst ESG focus

Star Bulk Carriers delivered strong financial performance in Q1 2024, supported by robust earnings, liquidity position, and operational efficiency.
While facing challenges related to debt management and market uncertainties, the company's strategic focus on capital allocation, ESG initiatives, and fleet modernization presents growth opportunities.
By maintaining financial discipline, pursuing sustainable practices, and leveraging market trends, Star Bulk is poised to navigate challenges and capitalize on future opportunities in the shipping industry.

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Here is how Star Bulk Carriers (SBLK) and Westinghouse Air Brake Technologies (WAB) have performed compared to their sector so far this year.

Is Star Bulk Carriers (SBLK) Stock Outpacing Its Transportation Peers This Year?

SBLK remains a viable dividend investment thesis, with the higher TCE rates likely to boost its adj EBITDA generation and eventually, its quarterly dividend payouts through Q3'24. With the SBLK-EGLE merger approved and completed by April 09, 2024, the combined company also stands to gain as the largest US listed dry bulk shipping company. With a relatively reasonable estimated net-debt-to-EBITDA ratio of 1.98x (post forma), compared to the Marine Shipping average ratio of 1.83x, the all stock merger has been prudent indeed.

Star Bulk: Rich Dividend Yields As Market Volatility Remains

Star Bulk Carriers (SBLK) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

Recent Price Trend in Star Bulk Carriers (SBLK) is Your Friend, Here's Why

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Is Star Bulk Carriers (SBLK) a Buy as Wall Street Analysts Look Optimistic?

In the latest trading session, Star Bulk Carriers (SBLK) closed at $23.03, marking a -1.96% move from the previous day.

Star Bulk Carriers (SBLK) Sees a More Significant Dip Than Broader Market: Some Facts to Know

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Recently, Zacks.com users have been paying close attention to Star Bulk Carriers (SBLK). This makes it worthwhile to examine what the stock has in store.

Investors Heavily Search Star Bulk Carriers Corp. (SBLK): Here is What You Need to Know

ATHENS, Greece, April 09, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (“Star Bulk”) (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, today announced that it has completed its merger with Eagle Bulk Shipping Inc. (“Eagle”).

Star Bulk Completes Merger With Eagle Bulk

Star Bulk Carriers (SBLK) concluded the recent trading session at $23.85, signifying a -0.13% move from its prior day's close.

Star Bulk Carriers (SBLK) Suffers a Larger Drop Than the General Market: Key Insights

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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.

Should Value Investors Buy Star Bulk Carriers (SBLK) Stock?

Here is how Star Bulk Carriers (SBLK) and SkyWest (SKYW) have performed compared to their sector so far this year.

Is Star Bulk Carriers (SBLK) Outperforming Other Transportation Stocks This Year?

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Brokers Suggest Investing in Star Bulk Carriers (SBLK): Read This Before Placing a Bet

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WILYY, VCTR and SBLK made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on March 26, 2023.

Best Momentum Stocks to Buy for March 26th

If you are looking for stocks that are well positioned to maintain their recent uptrend, Star Bulk Carriers (SBLK) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

Star Bulk Carriers (SBLK) Is a Great Choice for 'Trend' Investors, Here's Why

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SBLK, F and BSVN made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 26, 2023.

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SBLK, BSVN and TSCDY made it to the Zacks Rank #1 (Strong Buy) value stocks list on March 26, 2023.

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I expect the bulk carriers market to remain strong with a growing demand for iron ore, bauxite, and coal. SBLK is a great way to play that theme. SBLK owns 122 vessels and an average fleet age of 10.5 years. The company maintains the lowest daily OPEX compared to its peers. In 4Q23 the company achieved a composite $18,296/day TCE. It is lower by 6.6% than 4Q22, although it is 15% higher than the FY23 average TCE.

Star Bulk: Still A Great Way To Bet On A Robust Dry Bulk Market

ATHENS, Greece, March 04, 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 announced that, effective immediately, COMPUTERSHARE TRUST COMPANY, N.A. (“COMPUTERSHARE”) is appointed as the Company's Sole Transfer Agent and Registrar of its shares trading under ticker symbol SBLK on NASDAQ.

Star Bulk Carriers Corp. Announces Change Of Transfer Agent And Registrar

Here's Why Momentum in Star Bulk Carriers (SBLK) Should Keep going

Eagle Bulk Shipping

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Eagle Bulk Shipping Inc. (NYSE: EGLE) to Star Bulk Carriers Corp. (NasdaqGS: SBLK). Under the terms of the proposed transaction, shareholders of Eagle will receive 2.6211 shares of Star Bulk for each share of Eagle that they own. KSF is seeking to determine whether this consideration and the process that led t.

EAGLE BULK SHIPPING INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Eagle Bulk Shipping Inc. - EGLE

Dry bulk rates surged in 2021 and early 2022, benefiting shipping companies like Star Bulk Carriers Corp. Star Bulk's earnings declined in Q4 '23, with a decrease in revenue, net income, and adjusted EPS. Star Bulk announced a merger with Eagle Bulk Shipping, aiming to create a global leader in dry bulk shipping.

Star Bulk Carriers: 8% Yield, Outperforming In 2024

Star Bulk Carriers reported Q4 financial results with adjusted EPS of $0.73 and an average time charter equivalent rate of $18,296 per day per vessel. SBLK paid a dividend of $0.45 per share, a significant increase from the previous quarter. The merger deal with Eagle Bulk is expected to be completed in April 2024, with SBLK shareholders owning about 71% of the company's common stock.

News for Star Bulk Carriers Stock (SBLK)