Golden Ocean Group Ltd. (GOGL) Shares Gap Up to $3.54
Golden Ocean Group Ltd. (NASDAQ:GOGL) gapped up prior to trading on Friday . The stock had previously closed at $3.45, but opened at $3.54. Golden Ocean Group shares last traded at $3.67, with a volume of 27,908 shares traded.
GOGL has been the topic of a number of analyst reports. Jefferies Group restated a “buy” rating on shares of Golden Ocean Group in a report on Monday, August 1st. DNB Markets lowered shares of Golden Ocean Group from a “buy” rating to a “hold” rating in a report on Friday, April 15th. Clarkson Capital restated a “buy” rating on shares of Golden Ocean Group in a report on Friday, June 17th. Finally, Zacks Investment Research lowered shares of Golden Ocean Group from a “hold” rating to a “sell” rating in a report on Friday, May 27th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $4.38.
The stock’s market capitalization is $386.70 million. The company’s 50 day moving average is $3.48 and its 200-day moving average is $3.57.
Golden Ocean Group (NASDAQ:GOGL) last released its quarterly earnings data on Tuesday, May 24th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by $0.10. Equities research analysts forecast that Golden Ocean Group Ltd. will post ($0.33) earnings per share for the current year.
Golden Ocean Group Limited, formerly Knightsbridge Shipping Limited, is an international dry bulk shipping company. The Company is engaged in the transportation of dry bulk cargoes. It owns and operates a fleet of dry bulk carrier vessels, focusing on the Capesize, Panamax and Supramax markets. Its vessels transport a range of major and minor bulk commodities, including ores, coal, grains and fertilizers.
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