Eagle Bulk Shipping (EGLE) Receiving Somewhat Positive Press Coverage, Report Shows

News articles about Eagle Bulk Shipping (NASDAQ:EGLE) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by analyzing more than 20 million blog and news 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 media sentiment score of 0.10 on Accern’s scale. Accern also assigned headlines about the shipping company an impact score of 47.0469740723116 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the news headlines that may have effected Accern Sentiment’s rankings:

Shares of Eagle Bulk Shipping stock opened at $5.48 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.96 and a current ratio of 3.41. Eagle Bulk Shipping has a 52 week low of $4.18 and a 52 week high of $5.92.

Eagle Bulk Shipping (NASDAQ:EGLE) last announced its quarterly earnings data on Monday, March 5th. The shipping company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.01. The business had revenue of $74.59 million for the quarter, compared to analysts’ expectations of $58.34 million. Eagle Bulk Shipping had a negative return on equity of 6.04% and a negative net margin of 18.50%. equities research analysts anticipate that Eagle Bulk Shipping will post 0.03 EPS for the current year.

Several brokerages have recently issued reports on EGLE. ValuEngine upgraded Eagle Bulk Shipping from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Maxim Group set a $5.00 price objective on Eagle Bulk Shipping and gave the company a “hold” rating in a research note on Sunday, November 19th. BidaskClub upgraded Eagle Bulk Shipping from a “strong sell” rating to a “sell” rating in a research note on Friday, February 9th. Deutsche Bank began coverage on Eagle Bulk Shipping in a research note on Thursday, January 25th. They issued a “buy” rating and a $7.00 price objective on the stock. Finally, Noble Financial began coverage on Eagle Bulk Shipping in a research note on Friday, January 12th. They issued a “buy” rating and a $6.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock 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.

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

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