Its analysts placed a $23 per share target price on the shipowner, which listed on the New York Stock Exchange at $14 per share in June.

DNB Markets, a joint book running manager of the Gener8 float, expects the shipowner to record a profit of $171.3m in 2015, it said in an introductory report. 

For the second quarter analysts Nicolay Dyvik, Oyvind Berle and Petter Haugen project a profit of $34.7m for the shipowner.

This compares with the $32.8m the market expects Gener8 to report when it delivers its results on 4 August.

Shares in Gener8 were trading up marginally at $13.84 each at the time of writing Friday.

This compares with a $14.82 per share post-listing high and a $12.75 low.