Golden Ocean Group Ltd. (GOGL) Trading 1.1% Higher
Golden Ocean Group Ltd. (NASDAQ:GOGL) shares traded up 1.1% on Wednesday . The stock traded as high as $3.79 and last traded at $3.62, with a volume of 61,574 shares traded. The stock had previously closed at $3.58.
Several research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Golden Ocean Group from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. Jefferies Group reiterated a “buy” rating on shares of Golden Ocean Group in a research report on Monday, August 1st. Finally, Clarkson Capital reiterated a “buy” rating on shares of Golden Ocean Group in a research report on Friday, June 17th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Golden Ocean Group currently has a consensus rating of “Hold” and a consensus target price of $4.38.
The stock’s market capitalization is $384.58 million. The stock has a 50 day moving average price of $3.53 and a 200 day moving average price of $3.58.
Golden Ocean Group (NASDAQ:GOGL) last announced 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 analysts anticipate that Golden Ocean Group Ltd. will post ($1.40) 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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