Golden Ocean Group (GOGL) Stock Rating Upgraded by TheStreet
Golden Ocean Group (NASDAQ:GOGL) was upgraded by equities research analysts at TheStreet from a “d+” rating to a “c” rating in a research note issued on Tuesday.
Several other equities research analysts have also recently issued reports on GOGL. Morgan Stanley set a $10.00 target price on Golden Ocean Group and gave the stock a “hold” rating in a research note on Wednesday. Clarkson Capital raised Golden Ocean Group from a “neutral” rating to a “buy” rating in a research note on Monday, February 12th. Finally, BidaskClub cut Golden Ocean Group from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $11.00.
Shares of Golden Ocean Group (GOGL) opened at $9.31 on Tuesday. Golden Ocean Group has a fifty-two week low of $5.43 and a fifty-two week high of $9.95. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.68 and a quick ratio of 2.68. The company has a market capitalization of $1,304.68, a P/E ratio of -116.36 and a beta of 2.15.
About Golden Ocean Group
Golden Ocean Group Limited, formerly Knightsbridge Shipping Limited, is an international dry bulk shipping company. The Company is engaged in the transportation of dry bulk cargoes. It owns and operates a fleet of dry bulk carrier vessels, focusing on the Capesize, Panamax and Supramax markets. Its vessels transport a range of major and minor bulk commodities, including ores, coal, grains and fertilizers.
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