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NASDAQ:SBLK

Star Bulk Carriers (SBLK) Stock Price, News & Analysis

Star Bulk Carriers logo
$15.75 -0.32 (-1.99%)
Closing price 04:00 PM Eastern
Extended Trading
$15.74 -0.01 (-0.03%)
As of 07:47 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

About Star Bulk Carriers Stock (NASDAQ:SBLK)

Key Stats

Today's Range
$15.49
$16.00
50-Day Range
$14.35
$16.39
52-Week Range
$14.30
$27.47
Volume
2.19 million shs
Average Volume
1.80 million shs
Market Capitalization
$1.32 billion
P/E Ratio
5.49
Dividend Yield
2.29%
Price Target
$22.05
Consensus Rating
Moderate Buy

Company Overview

Star Bulk Carriers Corp. is one of the world's largest bulk goods shippers. The company is ranked 4th by the number of ships but 2nd by deadweight tonnage, which stands at over 14 million. Bulk carriers transport unpackaged goods, such as commodities and raw materials, which are classified into two categories; major bulk and minor bulk.

Star Bulk Carriers Corp. was incorporated in 2006 in the Marshall Islands but maintains operational headquarters in Marousi, Greece. The company’s primary business is the oceanic transportation of dry bulk cargoes globally, although it does offer other services including vessel management. The company’s goal is to be a high-quality, sustainable and efficient operator that can produce long-term growth for investors. Growth will come via expansion and acquisitions as they present themselves.

Star Bulk Carriers Corp is a diversified dry bulk shipper as well. The fleet comprises 128 vessels ranging from the Supramax to Newcastlemax class, the largest shipping vessel in service. The bulk of the vessels are Kamsarmax class (there are 41 as of December 2022), while the remainder is mostly Newcastlemax, Capesize, Ultramax and Supramax. The size and scope of the fleet allow it to operate in all shipping markets where and as needed.

The company transports a wide range of major and minor bulks. Major bulks include iron, grains, sand and gravel, while the minor bulks include fertilizer, steel and cement.  The company’s fleet has an average age of 10 years (in 2022) which is young for a large shipping fleet. It transports more than 60 million tonnes of goods annually and is systemically important to the global supply chain. The charter schedule is set up in a way that allows maximum flexibility. Some vessels are reserved for longer-term charters that guarantee steady revenue while the rest are reserved for shorter-term and opportunistic charters.

Star Bulk Carriers Corp manages the bulk of its fleet through two subsidiaries, Star Bulk SA and Star Bulk Cyprus. This strategy allows the company to manage its fleet efficiently, including taking advantage of synergies and the benefits of scale. The company uses technology to its advantage. It invests in the latest ship technology and the tools to manage and maintain its fleet and maximize operational efficiency.

The company aims to maintain a healthy balance sheet through the ups and downs of the shipping cycle and only carries moderate amounts of debt. The company initiated a dividend policy in 2021 that allows it to pay dividends 4 times per year. The policy states “the Board may declare a dividend in each of February, May, August and November in an amount equal to (a) Star Bulk’s Total Cash Balance minus (b) the product of (i) the Minimum Cash Balance per Vessel and (ii) the Number of Vessels.” The company’s revenue approached $6 billion annually in 2022.

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Star Bulk Carriers Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
85th Percentile Overall Score

SBLK MarketRank™: 

Star Bulk Carriers scored higher than 85% of companies evaluated by MarketBeat, and ranked 38th out of 129 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Star Bulk Carriers has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Star Bulk Carriers has only been the subject of 1 research reports in the past 90 days.

  • Read more about Star Bulk Carriers' stock forecast and price target.
  • Earnings Growth

    Earnings for Star Bulk Carriers are expected to grow by 51.72% in the coming year, from $1.74 to $2.64 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Star Bulk Carriers is 5.49, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.50.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Star Bulk Carriers is 5.49, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 12.35.

  • Price to Book Value per Share Ratio

    Star Bulk Carriers has a P/B Ratio of 0.53. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about Star Bulk Carriers' valuation and earnings.
  • Percentage of Shares Shorted

    3.56% of the float of Star Bulk Carriers has been sold short.
  • Short Interest Ratio / Days to Cover

    Star Bulk Carriers has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Star Bulk Carriers has recently decreased by 3.27%, indicating that investor sentiment is improving.
  • Dividend Yield

    Star Bulk Carriers pays a meaningful dividend of 2.27%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Star Bulk Carriers does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Star Bulk Carriers is 12.54%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Star Bulk Carriers will have a dividend payout ratio of 13.64% next year. This indicates that Star Bulk Carriers will be able to sustain or increase its dividend.

  • Read more about Star Bulk Carriers' dividend.
  • Percentage of Shares Shorted

    3.56% of the float of Star Bulk Carriers has been sold short.
  • Short Interest Ratio / Days to Cover

    Star Bulk Carriers has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Star Bulk Carriers has recently decreased by 3.27%, indicating that investor sentiment is improving.
  • News Sentiment

    Star Bulk Carriers has a news sentiment score of 1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Transportation companies.
  • Search Interest

    Only 40 people have searched for SBLK on MarketBeat in the last 30 days. This is a decrease of -17% compared to the previous 30 days.
  • MarketBeat Follows

    Only 9 people have added Star Bulk Carriers to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Star Bulk Carriers insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.90% of the stock of Star Bulk Carriers is held by insiders.

  • Percentage Held by Institutions

    Only 33.91% of the stock of Star Bulk Carriers is held by institutions.

  • Read more about Star Bulk Carriers' insider trading history.
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SBLK Stock News Headlines

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SBLK Stock Analysis - Frequently Asked Questions

Star Bulk Carriers' stock was trading at $14.95 at the start of the year. Since then, SBLK stock has increased by 5.4% and is now trading at $15.75.
View the best growth stocks for 2025 here
.

Star Bulk Carriers Corp. (NASDAQ:SBLK) released its quarterly earnings data on Tuesday, February, 18th. The shipping company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.42 by $0.08. The shipping company had revenue of $308.92 million for the quarter, compared to analysts' expectations of $230.91 million. Star Bulk Carriers had a trailing twelve-month return on equity of 12.48% and a net margin of 24.08%.

Star Bulk Carriers' top institutional investors include Oaktree Capital Management LP (6.40%), Arrowstreet Capital Limited Partnership (3.32%), Two Sigma Advisers LP (2.21%) and Renaissance Technologies LLC (2.09%).

Shares of SBLK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Based on aggregate information from My MarketBeat watchlists, some other companies that Star Bulk Carriers investors own include Chevron (CVX), Bristol-Myers Squibb (BMY), Comcast (CMCSA), Humana (HUM), American Water Works (AWK), McKesson (MCK) and Charles Schwab (SCHW).

Company Calendar

Ex-Dividend for 12/18 Dividend
12/05/2024
Dividend Payable
12/18/2024
Last Earnings
2/18/2025
Ex-Dividend for 3/18 Dividend
3/04/2025
Today
3/10/2025
Dividend Payable
3/18/2025
Next Earnings (Estimated)
5/28/2025
Fiscal Year End
12/31/2025

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Deep sea foreign transportation of freight
Sub-Industry
Transportation
Current Symbol
NASDAQ:SBLK
Employees
180
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$22.05
High Stock Price Target
$26.00
Low Stock Price Target
$20.20
Potential Upside/Downside
+40.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Trailing P/E Ratio
5.49
Forward P/E Ratio
9.05
P/E Growth
N/A
Net Income
$173.56 million
Pretax Margin
24.07%

Debt

Sales & Book Value

Annual Sales
$1.27 billion
Cash Flow
$5.27 per share
Price / Cash Flow
2.99
Book Value
$29.54 per share
Price / Book
0.53

Miscellaneous

Free Float
83,261,000
Market Cap
$1.32 billion
Optionable
Optionable
Beta
1.03

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This page (NASDAQ:SBLK) was last updated on 3/10/2025 by MarketBeat.com Staff
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