Safe Bulkers Stock News

Safe Bulkers, Inc found using ticker (SB) have now 5 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The range between the high target price and low target price is between 7 and 3 with the average target price sitting at 5.34. Given that the stocks previous close was at 4.11 this is indicating there is a potential upside of 29.9%. The day 50 moving average is 3.67 and the 200 day moving average is 3.92. The company has a market capitalisation of $500m. Company Website: https://www.safebulkers.com [stock_market_widget type="chart" symbol="SB" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] The potential market cap would be $650m based on the market concensus. Safe Bulkers provides marine drybulk transportation services. It owns and operates drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. As of March 15, 2021, the company had a fleet of 43 drybulk vessels having an average age of 10.3 years; and an aggregate carrying capacity of 3,937,000 deadweight tons.

Safe Bulkers'' <> wholly owned subsidiary, Safe Bulkers Participations successfully priced its earlier announced offering of 100M of unsecured bonds to be listed on the

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Safe Bulkers (SB) said its subsidiary Safe Bulkers Participations plans to launch a public offer in Greece of up to 100M of unsecured bonds, which will be admitted to trading in the

Shares are cheap due to the dry bulk market seasonality, amplified by external factors.

Safe Bulkers (SB) has agreed to acquire a 2014-built, Japanese, dry-bulk Capesize class vessel for $33.8M.The 181,000 dwt MV Maria is scheduled to be delivered within February 2022

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Here is how Safe Bulkers (SB) and Star Bulk Carriers (SBLK) have performed compared to their sector so far this year.

Safe Bulkers, Inc. (NYSE:SB) was the recipient of a significant decline in short interest in November. As of November 30th, there was short interest totalling 1,530,000 shares, a decline of 20.3% from the November 15th total of 1,920,000 shares. Currently, 2.1% of the shares of the stock are sold short. Based on an average daily []

Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Safe Bulkers, Inc. (NYSE:SB) by 75.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,000 shares of the shipping companys stock after purchasing an additional 30,000 shares during []

Wall Street analysts predict that Safe Bulkers, Inc. (NYSE:SB) will report $0.41 earnings per share for the current quarter, Zacks reports. Three analysts have provided estimates for Safe Bulkers earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.38. Safe Bulkers reported earnings per share of $0.04 []

MONACO, Dec. 08, 2021 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc . (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that the Company has entered into a new credit facility of $100.0 million with a five-year tenor secured with six vessels, comprising of a term loan tranche of $50.0 million and a reducing revolving credit facility tranche providing for a draw down capacity of up to $50.0 million reducing from its third year onwards. This agreement represents the Company’s second sustainability linked credit facility and incorporates incentive discount or increase on interest rate, linked to independently verified pre-determined emission targets.

Monaco-headquartered Greek owner Safe Bulkers has announced that it has entered into agreement for the acquisition of a Japanese 82,000 dwt kamsarmax. The company says the vessel will meet the requirements of EEDI phase 3, and is scheduled delivery date late in 2023. The acquisition will be financed with cash on hand. Safe Bulkers now