Eagle Bulk Shipping

Shares of Eagle Bulk Shipping Inc (NASDAQ: EGLE) plunged more than 7 percent on Tuesday on no corporate news. Investors and traders may have turned bearish on the nano-cap company following a Tweet by "unemon," an account that is dedicated towards exposing potential pump and dump stocks. The...

Eagle Bulk Shipping Inc (NASDAQ: EGLE), a global owner of Supermax dry bulk vessels, announced after Wednesday's close it has reached an agreement with its lenders and holders of its equity to raise $105 million. Eagle Bulk Shipping stated the transaction provides the company with $105...

The Baltic Dry Index provides an assessment of the price of moving the major raw materials by sea. The index is issued daily by the London-based Baltic Exchange and is not limited to Baltic Sea nations. The index on Tuesday rose 5.6 percent to 836 points based on Baltic Exchange data. Tuesday...

Dahlman Rose left its rating on Eagle Bulk Shipping (NASDAQ: EGLE) unchanged at Hold. In a research report published today, Dahlman cited good Q1 results and remaining uncertainties with Dahlman's lenders as reasons for its decision. In the report, Dahlman states, "Eagle continues to partially...

Jefferies is reiterating its Buy rating on shares of Eagle Bulk Shipping (NASDAQ: EGLE). “While we are maintaining our 2011 EPS estimates, we are modestly reducing our 2012 EPS estimate to reflect the new, lowered contracted base rates on the 12 vessels,” Jefferies writes. “Although we are...

Deutsche Bank is out with its report today on Eagle Bulk Shipping (NASDAQ: EGLE), lowering its price target from $5 to $4. In a note to clients, Deutsche Bank writes, "After the close On Wednesday, EGLE posted Q4 EPS of $0.05, one penny ahead of both our estimates and Consensus. EGLE had inline...

Deutsche Bank has lowered the price target on Eagle Bulk Shipping (NASDAQ: EGLE) from $5 to $4 and maintains its Hold rating.

In a report published by Citi, Eagle Bulk Shipping's (NASDAQ: EGLE) quarter beats below the line. Citi said that Eagle reported 4Q10 EPS of $0.05, which was above its $0.02 and consensus' $0.04 targets. “Nevertheless, the beat was almost entirely driven by lower-than-expected interest expense, as...

J.P. Morgan published a research report this morning on Eagle Bulk Shipping (NasdaqGS: EGLE) lowering 4Q10 and 2011 EPS forecasts. J.P. Morgan's decision comes from EGLE's short-term trading initiative that produced higher than expected 3Q10 results. EGLE's 3Q10 EPS was $0.13 which was higher than...

Eagle Bulk Shipping Inc. (NASDAQ: EGLE) reported 3Q10 EPS of $0.13, “ahead of our $0.04 estimate and the Street's $0.08 forecast,” Dahlman Rose & Co. reports. Net revenues were the main driver of the beat as operating expenses were mainly in line. “We believe Eagle holds substantial value and...

Dahlman Rose has issued its Martime Report that benchmark 4Q2010 iron ore prices will be finalized this week, with average spot prices just under $137/ton, which is an $18/ton discount to Chinese spot levels, leaving the dry bulk market well positioned for the coming months, Dahlman reports. Here...

Eagle Bulk Shipping (NASDAQ: EGLE) has a weaker outlook for 3Q aside from its benefit from increased exposure through index based time charters and profit-sharing agreements, which are driving up earnings, according to Dahlman Rose. 2Q EPS were reported at $0.16 beating out Dahlman's estimate of...