Golden Ocean Group Ltd. (GOGL) Shares Gap Up to $3.54
Golden Ocean Group Ltd. (NASDAQ:GOGL) shares 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 trading hands.
GOGL has been the subject of a number of analyst reports. Clarkson Capital reaffirmed a “buy” rating on shares of Golden Ocean Group in a research note on Friday, June 17th. Zacks Investment Research downgraded Golden Ocean Group from a “hold” rating to a “sell” rating in a research note on Friday, May 27th. Finally, Jefferies Group reissued a “buy” rating on shares of Golden Ocean Group in a research note on Monday, August 1st. 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’s stock. Golden Ocean Group currently has a consensus rating of “Hold” and an average price target of $4.38.
The company has a 50-day moving average of $3.48 and a 200 day moving average of $3.57. The firm’s market capitalization is $386.70 million.
Golden Ocean Group (NASDAQ:GOGL) last posted its quarterly earnings results on Tuesday, May 24th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.12) by $0.10. On average, analysts forecast that Golden Ocean Group Ltd. will post ($0.33) 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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