Research Analysts’ Weekly Ratings Updates for Golden Ocean Group (GOGL)

Share on StockTwits

Several analysts have recently updated their ratings and price targets for Golden Ocean Group (NASDAQ: GOGL):

  • 2/7/2019 – Golden Ocean Group was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 1/24/2019 – Golden Ocean Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Golden Ocean Group Limited is a shipping company which engaged in the transportation of dry bulk cargoes. It operates primarily in the Capesize and Panamax market. Golden Ocean Group Limited, formerly known as Knightsbridge Shipping Limited, is based in HAMILTON, Bermuda. “
  • 1/21/2019 – Golden Ocean Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $7.25 price target on the stock. According to Zacks, “Golden Ocean Group Limited is a shipping company which engaged in the transportation of dry bulk cargoes. It operates primarily in the Capesize and Panamax market. Golden Ocean Group Limited, formerly known as Knightsbridge Shipping Limited, is based in HAMILTON, Bermuda. “
  • 1/17/2019 – Golden Ocean Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Golden Ocean Group Limited is a shipping company which engaged in the transportation of dry bulk cargoes. It operates primarily in the Capesize and Panamax market. Golden Ocean Group Limited, formerly known as Knightsbridge Shipping Limited, is based in HAMILTON, Bermuda. “
  • 1/16/2019 – Golden Ocean Group was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 1/15/2019 – Golden Ocean Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $7.50 price target on the stock. According to Zacks, “Golden Ocean Group Limited is a shipping company which engaged in the transportation of dry bulk cargoes. It operates primarily in the Capesize and Panamax market. Golden Ocean Group Limited, formerly known as Knightsbridge Shipping Limited, is based in HAMILTON, Bermuda. “
  • 1/10/2019 – Golden Ocean Group was downgraded by analysts at Nordea Equity Research from a “hold” rating to a “sell” rating.
  • 1/9/2019 – Golden Ocean Group was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Shares of Golden Ocean Group stock traded up $0.05 during mid-day trading on Thursday, hitting $5.16. The stock had a trading volume of 2,736 shares, compared to its average volume of 241,861. Golden Ocean Group Ltd has a 12-month low of $4.96 and a 12-month high of $10.05. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a market cap of $747.22 million, a price-to-earnings ratio of -258.00 and a beta of 1.87.

Golden Ocean Group (NASDAQ:GOGL) last released its earnings results on Tuesday, November 20th. The shipping company reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.08. Golden Ocean Group had a net margin of 13.95% and a return on equity of 5.91%. The company had revenue of $189.26 million for the quarter, compared to analyst estimates of $120.01 million. Equities analysts expect that Golden Ocean Group Ltd will post 0.49 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sigma Planning Corp boosted its holdings in shares of Golden Ocean Group by 19.7% in the fourth quarter. Sigma Planning Corp now owns 14,570 shares of the shipping company’s stock valued at $90,000 after acquiring an additional 2,393 shares in the last quarter. M&T Bank Corp raised its position in Golden Ocean Group by 7.7% during the fourth quarter. M&T Bank Corp now owns 41,440 shares of the shipping company’s stock worth $255,000 after acquiring an additional 2,974 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of Golden Ocean Group by 7.9% during the second quarter. California Public Employees Retirement System now owns 90,351 shares of the shipping company’s stock worth $785,000 after buying an additional 6,631 shares in the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Golden Ocean Group during the third quarter worth about $160,000. Finally, Trexquant Investment LP purchased a new stake in Golden Ocean Group in the third quarter valued at approximately $179,000. 20.22% of the stock is currently owned by hedge funds and other institutional investors.

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, Panamax, and Ultramax vessels in the spot and time charter markets. The company transports bulk commodities, such as ores, coal, grains, and fertilizers.

Read More: How to invest in a bear market

Receive News & Ratings for Golden Ocean Group Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golden Ocean Group Ltd and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Brokerages Anticipate Syneos Health Inc  Will Post Quarterly Sales of $1.15 Billion
Brokerages Anticipate Syneos Health Inc Will Post Quarterly Sales of $1.15 Billion
$0.50 EPS Expected for Associated Banc Corp  This Quarter
$0.50 EPS Expected for Associated Banc Corp This Quarter
Niobium Coin Reaches Market Cap of $614,696.00
Niobium Coin Reaches Market Cap of $614,696.00
Mary Spilman Sells 820 Shares of Criteo SA  Stock
Mary Spilman Sells 820 Shares of Criteo SA Stock
Aerojet Rocketdyne   Shares Down 5.4%  After Earnings Miss
Aerojet Rocketdyne Shares Down 5.4% After Earnings Miss
LeMaitre Vascular  Trading 22.6% Higher  Following Analyst Upgrade
LeMaitre Vascular Trading 22.6% Higher Following Analyst Upgrade


Leave a Reply

© 2006-2019 Ticker Report