Investment 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):

  • 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.
  • 11/27/2018 – Golden Ocean Group was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.

Shares of NASDAQ GOGL traded down $0.25 during mid-day trading on Thursday, reaching $5.91. 4,706 shares of the company’s stock traded hands, compared to its average volume of 117,053. The stock has a market capitalization of $882.79 million, a P/E ratio of -295.50 and a beta of 2.14. Golden Ocean Group Ltd has a 1-year low of $5.70 and a 1-year 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.

Golden Ocean Group (NASDAQ:GOGL) last issued its quarterly earnings data on Tuesday, November 20th. The shipping company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.08. The firm had revenue of $189.26 million during the quarter, compared to analysts’ expectations of $120.01 million. Golden Ocean Group had a net margin of 13.95% and a return on equity of 5.91%. As a group, equities research analysts anticipate that Golden Ocean Group Ltd will post 0.58 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC lifted its position in shares of Golden Ocean Group by 34.9% during the third quarter. Renaissance Technologies LLC now owns 2,065,282 shares of the shipping company’s stock valued at $20,318,000 after purchasing an additional 534,636 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Golden Ocean Group by 5.3% during the third quarter. Marshall Wace LLP now owns 1,630,602 shares of the shipping company’s stock valued at $15,966,000 after purchasing an additional 82,570 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Golden Ocean Group by 465.2% during the third quarter. JPMorgan Chase & Co. now owns 1,535,666 shares of the shipping company’s stock valued at $15,142,000 after purchasing an additional 1,263,945 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Golden Ocean Group by 37.2% during the second quarter. Bank of America Corp DE now owns 531,063 shares of the shipping company’s stock valued at $4,614,000 after purchasing an additional 143,878 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Golden Ocean Group by 31.5% during the third quarter. Alliancebernstein L.P. now owns 467,008 shares of the shipping company’s stock valued at $4,605,000 after purchasing an additional 112,000 shares in the last quarter. Hedge funds and other institutional investors own 20.22% of the company’s stock.

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.

Featured Story: Buyback For Investors Defined

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.

Leave a Reply