Eagle Bulk Shipping (EGLE) Getting Somewhat Favorable Media Coverage, Analysis Finds

News headlines about Eagle Bulk Shipping (NASDAQ:EGLE) have been trending somewhat positive on Thursday, Accern reports. The research firm rates the sentiment of 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 one, with scores closest to one being the most favorable. Eagle Bulk Shipping earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned press coverage about the shipping company an impact score of 46.4970291318606 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the media stories that may have impacted Accern Sentiment’s rankings:

Eagle Bulk Shipping (EGLE) opened at $4.97 on Thursday. The company has a quick ratio of 3.75, a current ratio of 4.25 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $374.23, a P/E ratio of -1.48 and a beta of 3.36. Eagle Bulk Shipping has a 1 year low of $4.18 and a 1 year high of $7.61.

Eagle Bulk Shipping (NASDAQ:EGLE) last issued its quarterly earnings results on Thursday, November 2nd. The shipping company reported ($0.15) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.06). Eagle Bulk Shipping had a negative return on equity of 10.11% and a negative net margin of 83.12%. equities analysts anticipate that Eagle Bulk Shipping will post -0.43 earnings per share for the current year.

Several research analysts have commented on the company. Noble Financial assumed coverage on Eagle Bulk Shipping in a research report on Friday, January 12th. They issued a “buy” rating and a $6.00 price target on the stock. Zacks Investment Research downgraded Eagle Bulk Shipping from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. ValuEngine raised Eagle Bulk Shipping from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Maxim Group set a $5.00 price target on Eagle Bulk Shipping and gave the stock a “hold” rating in a research report on Sunday, November 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Eagle Bulk Shipping has an average rating of “Hold” and a consensus price target of $5.75.

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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.

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