Golden Ocean Group Ltd. (GOGL) Shares Down 3.4%
Golden Ocean Group Ltd. (NASDAQ:GOGL) shares were down 3.4% on Wednesday . The stock traded as low as $3.46 and last traded at $3.46, with a volume of 50,441 shares traded. The stock had previously closed at $3.58.
Several research analysts have recently weighed in on GOGL shares. Jefferies Group reissued a “buy” rating on shares of Golden Ocean Group in a research report on Monday, August 1st. Clarkson Capital reissued a “buy” rating on shares of Golden Ocean Group in a research report on Friday, June 17th. Finally, Zacks Investment Research lowered Golden Ocean Group from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $4.38.
The company’s 50 day moving average price is $3.51 and its 200 day moving average price is $3.57. The stock’s market capitalization is $375.05 million.
Golden Ocean Group (NASDAQ:GOGL) last announced its earnings results on Tuesday, May 24th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by $0.10. On average, equities research analysts anticipate that Golden Ocean Group Ltd. will post ($1.41) earnings per share 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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