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Scorpio Bulkers

16:35
10/14/16
10/14
16:35
10/14/16
16:35

Scorpio Bulkers president purchases 30,000 common shares at $3.79 per share

Scorpio Bulkers announced that Robert Bugbee, president of the company, has purchased an aggregate of 30,000 common shares of the company at an average price of $3.79 per share in the open market. The company currently has 75,307,317 common shares outstanding.

SALT Scorpio Bulkers

03/17/16
UBSW
03/17/16
DOWNGRADE
Target $3.5
UBSW
Neutral
Scorpio Bulkers downgraded to Neutral from Buy at UBS
UBS analyst Spiro Dounis downgraded Scorpio Bulkers to Neutral citing the company's "continued dilutive" share offerings. Scorpio may need to offer a large discount to the closing price in order to attract new capital, Dounis tells investors in a research note after the company filed to sell 21M shares. He cut his price target for the stock to $3.50 from $4.
03/21/16
EVER
03/21/16
DOWNGRADE
Target $5.5
EVER
Hold
Scorpio Bulkers downgraded to Hold from Buy at Evercore ISI
Evercore analyst Jonathan Chappell downgraded Scorpio Bulkers to Hold to reflect recent dilution from the $61M equity raise and potential for further dilution in the future. The analyst lowered his price target to $5.50 from $9 on Scorpio Bulkers shares.
05/05/16
UBSW
05/05/16
DOWNGRADE
Target $3.5
UBSW
Sell
Scorpio Bulkers downgraded to Sell from Neutral at UBS
UBS analyst Spiro Dounis downgraded Scorpio Bulkers to Sell citing the stock's 33% rally since March 17. While the recent equity offering helped extend Scorpio's runway, a bulker market recovery may still be years away, Dounis tells investors in a research note. He keeps a $3.50 price target for the shares.
08/02/16
GHSC
08/02/16
NO CHANGE
Target $5
GHSC
Buy
Scorpio Bulkers coverage assumed with a Buy at Seaport Global
Seaport Global analyst Magnus Fyhr assumed coverage on Scorpio Bulkers with a Buy and $5 price target.

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