Golden Ocean Group Ltd. (GOGL) Trading Up 6%
Golden Ocean Group Ltd. (NASDAQ:GOGL) shares were up 6% on Tuesday . The company traded as high as $3.53 and last traded at $3.51, with a volume of 84,735 shares changing hands. The stock had previously closed at $3.31.
A number of research analysts have weighed in on GOGL shares. Jefferies Group reaffirmed a “buy” rating on shares of Golden Ocean Group in a report on Monday. Clarkson Capital reaffirmed a “buy” rating on shares of Golden Ocean Group in a report on Friday, June 17th. Zacks Investment Research cut shares of Golden Ocean Group from a “buy” rating to a “hold” rating in a report on Tuesday, May 3rd. Finally, DNB Markets cut shares of Golden Ocean Group from a “buy” rating to a “hold” rating in a report on Friday, April 15th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Golden Ocean Group currently has a consensus rating of “Hold” and an average target price of $4.38.
The company’s market cap is $363.39 million. The stock’s 50 day moving average is $0.93 and its 200 day moving average is $0.77.
Golden Ocean Group (NASDAQ:GOGL) last announced its quarterly earnings results on Tuesday, May 24th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by $0.10. Equities research analysts forecast that Golden Ocean Group Ltd. will post ($1.50) 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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