Golden Ocean Group (NASDAQ:GOGL) had its price objective lifted by equities research analysts at BTIG Research from $8.00 to $12.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “buy” rating on the shipping company’s stock. BTIG Research’s target price suggests a potential upside of 28.48% from the stock’s current price.
Shares of Golden Ocean Group stock opened at $9.34 on Monday. The company has a fifty day moving average price of $7.80 and a 200 day moving average price of $5.73. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.83. Golden Ocean Group has a twelve month low of $2.69 and a twelve month high of $9.68. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of -10.99 and a beta of 1.83.
Golden Ocean Group (NASDAQ:GOGL) last issued its earnings results on Thursday, February 18th. The shipping company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The company had revenue of $168.71 million during the quarter. Golden Ocean Group had a negative net margin of 17.84% and a positive return on equity of 0.26%.
Golden Ocean Group Company Profile
Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels comprising 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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