Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Eagle Bulk Shipping (EGLE) Share Price

Headlines about Eagle Bulk Shipping (NASDAQ:EGLE) have trended somewhat positive on Friday, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Eagle Bulk Shipping earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave media coverage about the shipping company an impact score of 46.0565152585628 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the headlines that may have effected Accern’s rankings:

A number of brokerages have weighed in on EGLE. Maxim Group reaffirmed a “hold” rating and issued a $6.00 target price on shares of Eagle Bulk Shipping in a research note on Wednesday, May 9th. ValuEngine raised shares of Eagle Bulk Shipping from a “hold” rating to a “buy” rating in a research note on Wednesday, April 18th. Zacks Investment Research raised shares of Eagle Bulk Shipping from a “sell” rating to a “hold” rating in a research note on Tuesday. BidaskClub raised shares of Eagle Bulk Shipping from a “strong sell” rating to a “sell” rating in a research note on Friday, February 9th. Finally, Deutsche Bank began coverage on shares of Eagle Bulk Shipping in a research note on Thursday, January 25th. They issued a “buy” rating and a $7.00 target price for the company. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $6.00.

Shares of NASDAQ EGLE opened at $5.57 on Friday. Eagle Bulk Shipping has a 1-year low of $5.37 and a 1-year high of $5.81. The stock has a market capitalization of $397.15 million, a price-to-earnings ratio of -13.26 and a beta of 2.24. The company has a quick ratio of 2.47, a current ratio of 2.82 and a debt-to-equity ratio of 0.67.

Eagle Bulk Shipping (NASDAQ:EGLE) last announced its earnings results on Wednesday, May 9th. The shipping company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.01. Eagle Bulk Shipping had a negative net margin of 12.09% and a negative return on equity of 3.76%. The company had revenue of $56.86 million during the quarter, compared to the consensus estimate of $57.24 million. equities research analysts anticipate that Eagle Bulk Shipping will post 0.31 earnings per share for the current year.

In other news, major shareholder Goldentree Asset Management Lp sold 48,000 shares of Eagle Bulk Shipping stock in a transaction that occurred on Wednesday, April 25th. The shares were sold at an average price of $5.23, for a total transaction of $251,040.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.90% of the stock is owned by insiders.

Eagle Bulk Shipping Company Profile

Eagle Bulk Shipping Inc is engaged primarily in the ocean transportation of a range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes. The Company operates in the Handymax sector of the dry bulk industry, with particular emphasis on the Supramax class of vessels.

Insider Buying and Selling by Quarter for Eagle Bulk Shipping (NASDAQ:EGLE)

Receive News & Ratings for Eagle Bulk Shipping Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eagle Bulk Shipping and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply