Golden Ocean Group Ltd. (GOGL) Stock Price Up 3.3%
Shares of Golden Ocean Group Ltd. (NASDAQ:GOGL) rose 3.3% during trading on Friday . The company traded as high as $3.84 and last traded at $3.81, with a volume of 92,449 shares changing hands. The stock had previously closed at $3.69.
GOGL has been the topic of a number of research reports. Zacks Investment Research upgraded Golden Ocean Group from a “hold” rating to a “buy” rating and set a $4.00 price target on the stock in a report on Monday, August 29th. Jefferies Group reiterated a “buy” rating on shares of Golden Ocean Group in a report on Monday, August 29th. Finally, Clarkson Capital reiterated a “buy” rating on shares of Golden Ocean Group in a report on Friday, June 17th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $4.50.
The stock has a 50 day moving average of $3.55 and a 200-day moving average of $3.60. The company’s market cap is $410.01 million.
Golden Ocean Group (NASDAQ:GOGL) last issued its quarterly earnings results on Wednesday, August 24th. The company reported ($0.37) earnings per share for the quarter, missing the Zacks’ 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 fiscal 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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