Seaport Global Securities Initiates “Buy” Rating for Gener8 Maritime (GNRT) With a $14.0 Price Target

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Why Has Seaport Global Securities Given Gener8 Maritime (GNRT) a $14.0 Price Target

Seaport Global Securities have begun its coverage for Gener8 Maritime (GNRT), this morning Thursday morning. The broker found the stock of GNRT quite attractive and now has a PT of $14.0 with a key “Buy” rating.

Approximately 11,810 shares of stock traded hands. Gener8 Maritime Inc (GNRT) has risen 6.00% since November 17, 2015 and is uptrending. It has outperformed by 8.26% the S&P500.

Seaport Global Securities Initiates

Gener8 Maritime Inc. provides international seaborne crude oil transportation services. The company has a market cap of $785.75 million. The Firm is engaged in the transportation of crude oil and petroleum products. It has 8.86 P/E ratio. Gener8 Maritime owns a fleet of around 46 tankers, including 25 vessels on the water, consisting of seven very large crude carriers (VLCCs), including Genmar Zeus, Genmar Atlas, Genmar Hercules, Genmar Ulysses, Genmar Poseidon, Genmar Victory and Genmar Vision; 11 Suezmax vessels, including Genmar Spartiate, Genmar Maniate, Genmar St.

According to Zacks Investment Research, “Gener8 Maritime, Inc. offers marine transportation services. The Company is involved in the transportation of crude oil and petroleum products. Gener8 Maritime, Inc. is headquartered in New York.”

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