News headlines about Golden Ocean Group (NASDAQ:GOGL) have trended somewhat positive on Saturday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Golden Ocean Group earned a coverage optimism score of 0.06 on Accern’s scale. Accern also gave news coverage about the shipping company an impact score of 46.9544551703003 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
GOGL traded down $0.19 during midday trading on Friday, hitting $8.82. The company had a trading volume of 123,892 shares, compared to its average volume of 160,713. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $1.30 billion, a PE ratio of -441.00 and a beta of 2.25. Golden Ocean Group has a twelve month low of $7.00 and a twelve month high of $9.94.
Golden Ocean Group (NASDAQ:GOGL) last posted its quarterly earnings data on Friday, August 17th. The shipping company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.04. The firm had revenue of $140.89 million during the quarter, compared to analysts’ expectations of $98.87 million. Golden Ocean Group had a net margin of 9.34% and a return on equity of 3.68%. research analysts predict that Golden Ocean Group will post 0.49 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 6th. Shareholders of record on Thursday, September 6th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 4.54%. The ex-dividend date of this dividend was Wednesday, September 5th. Golden Ocean Group’s payout ratio is presently -2,000.00%.
GOGL has been the subject of a number of recent analyst reports. ValuEngine cut shares of Golden Ocean Group from a “sell” rating to a “strong sell” rating in a research report on Thursday. BidaskClub upgraded shares of Golden Ocean Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 30th. JPMorgan Chase & Co. dropped their target price on shares of Golden Ocean Group from $11.50 to $11.00 and set an “overweight” rating for the company in a research report on Thursday, May 31st. Finally, Seaport Global Securities reiterated a “buy” rating and set a $13.00 target price on shares of Golden Ocean Group in a research report on Friday, August 17th. Three 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 presently has a consensus rating of “Hold” and an average target price of $11.17.
Golden Ocean Group Company Profile
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.
Further Reading: Fundamental Analysis and Individual Investors
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