Golden Ocean Group (NASDAQ:GOGL) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Friday.
GOGL has been the subject of a number of other reports. TheStreet upgraded Golden Ocean Group from a “d+” rating to a “c” rating in a report on Tuesday, February 20th. Morgan Stanley set a $10.00 price objective on Golden Ocean Group and gave the stock a “hold” rating in a report on Wednesday, February 21st. ValuEngine cut Golden Ocean Group from a “sell” rating to a “strong sell” rating in a report on Monday, April 2nd. JPMorgan Chase upped their price objective on Golden Ocean Group from $11.00 to $11.50 and gave the stock an “overweight” rating in a report on Friday, March 23rd. Finally, Clarkson Capital upgraded Golden Ocean Group from a “neutral” rating to a “buy” rating in a report on Monday, February 12th. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $10.25.
Shares of NASDAQ GOGL opened at $8.27 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.45 and a quick ratio of 2.34. Golden Ocean Group has a twelve month low of $5.43 and a twelve month high of $9.95.
Golden Ocean Group (NASDAQ:GOGL) last announced its earnings results on Tuesday, February 20th. The shipping company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. The business had revenue of $151.45 million for the quarter, compared to analyst estimates of $104.91 million. Golden Ocean Group had a negative return on equity of 0.17% and a negative net margin of 0.51%. equities analysts predict that Golden Ocean Group will post 0.35 earnings per share for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new position in shares of Golden Ocean Group in the 3rd quarter worth about $128,000. Fox Run Management L.L.C. purchased a new position in shares of Golden Ocean Group in the 4th quarter worth about $164,000. AMP Capital Investors Ltd purchased a new position in shares of Golden Ocean Group in the 4th quarter worth about $195,000. Northern Trust Corp boosted its holdings in shares of Golden Ocean Group by 3.3% in the 2nd quarter. Northern Trust Corp now owns 29,988 shares of the shipping company’s stock worth $202,000 after purchasing an additional 970 shares in the last quarter. Finally, WealthTrust Axiom LLC boosted its holdings in Golden Ocean Group by 24.0% during the 4th quarter. WealthTrust Axiom LLC now owns 31,671 shares of the shipping company’s stock valued at $258,000 after acquiring an additional 6,140 shares during the period. Hedge funds and other institutional investors own 26.54% of the company’s stock.
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About Golden Ocean Group
Golden Ocean Group Limited, a shipping company, engages in the transportation of bulk commodities worldwide. It owns and operates a fleet of dry bulk vessels, including Newcastlemax, Capesize, Kamsarmax, Panamax, and Supramax vessels. The company transports bulk commodities, such as ores, coal, grains, and fertilizers along worldwide shipping routes.
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