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Enter Symbol:
Star Bulk Carriers Corp. (SBLK) [hlAlert]

down 83.95 %

Star Bulk Carriers Corp. (SBLK) downgraded to Hold by Stifel

Posted on: Thursday,  Jan 7, 2016  8:25 AM ET by Stifel

Stifel rated Hold Star Bulk Carriers Corp. (NASDAQ: SBLK) on 01/07/2016. Previously Stifel rated Buy Star Bulk Carriers Corp. (NASDAQ: SBLK) on
09/01/2015., when the stock price was $2.43. Since then, Star Bulk Carriers Corp. has lost 83.95% as of 01/07/2016's recent price of $0.39.
If you would have followed the previous Stifel's recommendation on SBLK, you would have lost 83.95% of your investment in 128 days.

Star Bulk Carriers Corp. (Star Bulk) is an international company providing worldwide transportation of drybulk commodities through its vessel-owning subsidiaries for a range of customers of major and minor bulk cargoes including iron ore, coal, grain, cement and fertilizer. As of December 31, 2008, the Company owns and operates a fleet of 12 vessels consisting of four Capesize and eight Supramax drybulk carriers with an average age of ten years and a combined cargo carrying capacity of approximately 1.1 million dwt. Star Bulk?s fleet carries a variety of drybulk commodities including coal, iron ore, and grains, or major bulks, as well as bauxite, phosphate, fertilizers and steel products, or minor bulks. It charters all of its vessels on medium- to long-term time charters with terms of approximately 1 to 5 years, other than the Star Alpha, which is employed under a contract of affreightment (COA).

Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/7/2016 8:25 AM Hold
as of 8/27/2015
1 Week down  -25.58 %
1 Month down  -32.93 %
3 Months down  -35.63 %
1 YTD down  -66.86 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/1/2015 8:25 AM Buy
2.43 4.50
12/3/2014 8:25 AM Buy
6.76 14.00
3/6/2014 8:25 AM Buy
15.39 18.00
11/12/2013 8:25 AM Hold

(*) Stock Price at the time of the recommendation.
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