Maxim Group analyst James Jang maintained a Buy rating on Seanergy Maritime (NASDAQ: SHIP) today and set a price target of $2. The company’s shares closed on Friday at $0.95.
Jang noted:
“SHIP reported mixed results for 2Q18 with net revenues of $8.9M, and EBITDA of $1.9M, outpacing our expectations, but with a slight miss on the bottom-line with a loss per share of ($0.11) vs. our estimate for a loss per share of ($0.09).”
According to TipRanks.com, Jang is a 4-star analyst with an average return of 18.2% and a 47.4% success rate. Jang covers the Services sector, focusing on stocks such as Dynagas LNG Partners LP, Nordic American Tanker, and Eagle Bulk Shipping.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Seanergy Maritime with a $2 average price target.
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The company has a one-year high of $1.66 and a one-year low of $0.70. Currently, Seanergy Maritime has an average volume of 106.5K.
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Seanergy Maritime Holdings Corp. is an international shipping company that provides marine dry bulk transportation services through the ownership and operation of dry bulk vessels. It currently owns a fleet of eleven dry bulk carriers, consisting of nine Capesizes and two Supramaxes.
