Eagle Bulk Shipping (EGLE) Getting Somewhat Positive News Coverage, Analysis Finds

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Headlines about Eagle Bulk Shipping (NASDAQ:EGLE) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Eagle Bulk Shipping earned a news impact score of 0.08 on Accern’s scale. Accern also gave news stories about the shipping company an impact score of 44.8690722104793 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the news stories that may have impacted Accern’s analysis:

Shares of Eagle Bulk Shipping stock traded down $0.10 during trading on Wednesday, hitting $5.86. 5,850 shares of the company’s stock were exchanged, compared to its average volume of 592,494. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.82 and a quick ratio of 2.47. Eagle Bulk Shipping has a 52-week low of $4.18 and a 52-week high of $6.14. The stock has a market cap of $438.25 million, a PE ratio of -14.02 and a beta of 2.22.

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

Several research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Eagle Bulk Shipping from a “sell” rating to a “hold” rating in a report on Tuesday, May 15th. BidaskClub cut shares of Eagle Bulk Shipping from a “buy” rating to a “hold” rating in a report on Tuesday, June 12th. DNB Markets assumed coverage on shares of Eagle Bulk Shipping in a report on Monday, June 18th. They set a “buy” rating for the company. Morgan Stanley assumed coverage on shares of Eagle Bulk Shipping in a report on Monday, June 18th. They set an “equal weight” rating and a $6.50 target price for the company. Finally, ValuEngine raised shares of Eagle Bulk Shipping from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. Eagle Bulk Shipping presently has a consensus rating of “Buy” and a consensus target price of $6.33.

In related news, major shareholder Goldentree Asset Management Lp sold 48,000 shares of the firm’s stock in a transaction on Wednesday, April 25th. The shares were sold at an average price of $5.23, for a total transaction of $251,040.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 3.70% of the stock is currently owned by company insiders.

About Eagle Bulk Shipping

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)

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