Golden Ocean Group Ltd. (GOGL) Shares Up 3.3%
Golden Ocean Group Ltd. (NASDAQ:GOGL) shot up 3.3% during trading on Friday . The stock traded as high as $3.84 and last traded at $3.81, with a volume of 92,449 shares trading hands. The stock had previously closed at $3.69.
Several brokerages recently commented on GOGL. Zacks Investment Research upgraded Golden Ocean Group from a “hold” rating to a “buy” rating and set a $4.00 target price on the stock in a research report on Monday. Jefferies Group restated a “buy” rating on shares of Golden Ocean Group in a research report on Monday, August 22nd. Finally, Clarkson Capital restated a “buy” rating on shares of Golden Ocean Group in a research report on Friday, June 17th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $4.50.
The stock’s market cap is $410.01 million. The stock has a 50-day moving average of $3.55 and a 200 day moving average of $3.60.
Golden Ocean Group (NASDAQ:GOGL) last posted its quarterly earnings data on Wednesday, August 24th. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.33) by $0.04. Equities research analysts expect that Golden Ocean Group Ltd. will post ($1.30) EPS 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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