Sterne Agee Reports on General Maritime (GMR)

In a report released yesterday, Sterne Agee commented on General Maritime (NYSE: GMR). In the report, Sterne Agee was mixed in its outlook of the company.

Sterne Agee writes, “We are changing our estimates as follows: 2011 goes from a $0.53 loss to a $0.46 loss; 2012 goes from a $0.34 loss to a $0.28 loss. Note that our net loss estimates are largely unchanged; the reduction in our loss estimates is due to a recalibration of our fully diluted share count. There is no change to our PT of $2.”

Sterne Agee has a Neutral rating on the company and maintains a price target of $2. Shares of GMR ended the trading day at $2.13 yesterday, down $0.02 from the opening bell.