The stock of Gener8 Maritime Inc (NYSE:GNRT) is a huge mover today! About 861,301 shares traded hands or 131.30% up from the average. Gener8 Maritime Inc (NYSE:GNRT) has declined 37.35% since April 13, 2016 and is downtrending. It has underperformed by 41.27% the S&P500.
The move comes after 9 months negative chart setup for the $376.93M company. It was reported on Nov, 15 by Barchart.com. We have $3.73 PT which if reached, will make NYSE:GNRT worth $49.00 million less.
Gener8 Maritime Inc (NYSE:GNRT) Ratings Coverage
Out of 3 analysts covering Gener8 Maritime (NYSE:GNRT), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Gener8 Maritime has been the topic of 4 analyst reports since September 14, 2015 according to StockzIntelligence Inc. Jefferies maintained the stock with “Buy” rating in Wednesday, July 27 report. Morgan Stanley initiated Gener8 Maritime Inc (NYSE:GNRT) on Monday, September 14 with “Equal-Weight” rating. The firm has “Buy” rating by Seaport Global given on Wednesday, May 4.
According to Zacks Investment Research, “Gener8 Maritime, Inc. offers marine transportation services. The Company is involved in the transportation of crude oil and petroleum products. Gener8 Maritime, Inc. is headquartered in New York.”
More notable recent Gener8 Maritime Inc (NYSE:GNRT) news were published by: Prnewswire.com which released: “Gener8 Maritime, Inc. Announces Third Quarter 2016 Financial Results News …” on November 03, 2016, also Prnewswire.com with their article: “Gener8 Maritime, Inc. Announces Delivery of the Gener8 Miltiades” published on October 27, 2016, Marketwatch.com published: “/quotes/zigman/3870025/realtime” on May 29, 2015. More interesting news about Gener8 Maritime Inc (NYSE:GNRT) were released by: Prnewswire.com and their article: “Gener8 Maritime, Inc. Announces Delivery of the Gener8 Macedon” published on August 31, 2016 as well as Prnewswire.com‘s news article titled: “Gener8 Maritime, Inc. Announces Delivery of the Gener8 Chiotis” with publication date: August 22, 2016.
GNRT Company Profile
Gener8 Maritime, Inc., formerly General Maritime Corporation, incorporated on August 1, 2008, is a well-known provider of international seaborne crude oil transportation services. The Firm operates through the segment, which includes the transportation of international seaborne crude oil and petroleum products with its fleet of vessels. The Firm 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.
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