Shares of Golden Ocean Group Limited (NASDAQ:GOGL) have been given a consensus recommendation of "Hold" by the eight analysts that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company.
GOGL has been the subject of a number of analyst reports. ValuEngine lowered Golden Ocean Group from a "hold" rating to a "sell" rating in a research report on Monday, August 3rd. DNB Markets upgraded Golden Ocean Group from a "hold" rating to a "buy" rating in a research report on Wednesday, July 29th. Finally, BidaskClub lowered Golden Ocean Group from a "hold" rating to a "sell" rating in a research report on Saturday, October 31st.
Shares of GOGL opened at $4.09 on Friday. Golden Ocean Group has a twelve month low of $2.52 and a twelve month high of $6.04. The firm has a market capitalization of $586.01 million, a PE ratio of -4.76 and a beta of 1.79. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.65. The stock's 50 day moving average is $3.68 and its two-hundred day moving average is $3.71.
Golden Ocean Group (NASDAQ:GOGL) last released its quarterly earnings data on Wednesday, November 18th. The shipping company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.16 by $0.09. Golden Ocean Group had a positive return on equity of 0.09% and a negative net margin of 17.33%.
Hedge funds have recently made changes to their positions in the business. JustInvest LLC acquired a new position in Golden Ocean Group during the 2nd quarter worth $54,000. State of Wisconsin Investment Board acquired a new stake in shares of Golden Ocean Group in the second quarter valued at $56,000. Sei Investments Co. acquired a new stake in shares of Golden Ocean Group in the second quarter valued at $73,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Golden Ocean Group by 25.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,840 shares of the shipping company's stock valued at $151,000 after buying an additional 7,765 shares during the period. Finally, Gyon Technologies Capital Management LP acquired a new stake in shares of Golden Ocean Group in the second quarter valued at $192,000. Institutional investors own 12.31% of the company's stock.
About Golden Ocean Group
Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels comprising of Newcastlemax, Capesize, Panamax, and Ultramax vessels worldwide. It owns and operates dry bulk vessels in the spot and time charter markets. The company transports bulk commodities, such as ores, coal, grains, and fertilizers.
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