BTIG analyst Gregory Lewis reiterated a Buy rating on Eneti (NETI – Research Report) yesterday and set a price target of $15.00. The company’s shares closed yesterday at $9.51.
According to TipRanks, Lewis is an analyst with an average return of -5.0% and a 40.53% success rate. Lewis covers the Industrial Goods sector, focusing on stocks such as Scorpio Tankers, Helix Energy, and Eneti.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Eneti with a $14.00 average price target.
See Insiders’ Hot Stocks on TipRanks >>
Based on Eneti’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $69.19 million and a net profit of $36.19 million. In comparison, last year the company earned a revenue of $34.36 million and had a GAAP net loss of $862 thousand
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Scorpio Bulkers, Inc. engages in the provision of ocean transportation of dry bulk cargoes worldwide through the ownership and operation of dry bulk carrier vessels. It operates through the Ultramax Operations and Kamsarmax Operations segments. The Ultramax Operations segment includes vessels ranging from approximately 60,200 dwt to 64,000 dwt. The Kamsarmax Operations segment deals with essels ranging from approximately 82,000 dwt to 84,000 dwt. The company was founded by Emanuele A. Lauro and Robert L. Bugbee on March 20, 2013 and is headquartered in Monaco.
Read More on NETI:
