Eagle Bulk Shipping Inc (NASDAQ:EGLE) is set to issue its quarterly earnings data after the market closes on Thursday, March 30th. Analysts expect the company to announce earnings of ($0.26) per share for the quarter.
Shares of Eagle Bulk Shipping Inc (NASDAQ:EGLE) opened at 5.78 on Wednesday. The company’s 50 day moving average price is $5.64 and its 200 day moving average price is $5.94. Eagle Bulk Shipping Inc has a one year low of $4.06 and a one year high of $23.60.
In other Eagle Bulk Shipping news, major shareholder Oaktree Capital Group Holdings acquired 7,600,000 shares of the company’s stock in a transaction on Friday, January 20th. The shares were bought at an average cost of $4.50 per share, for a total transaction of $34,200,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.42% of the stock is owned by insiders.
EGLE has been the topic of several analyst reports. Seaport Global Securities restated a “buy” rating and set a $7.00 price objective on shares of Eagle Bulk Shipping in a report on Thursday, March 9th. Zacks Investment Research upgraded Eagle Bulk Shipping from a “hold” rating to a “buy” rating and set a $6.25 price objective on the stock in a report on Friday, March 24th.
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.