Golden Ocean Group Limited (GOGL) Getting Somewhat Favorable Press Coverage, Report Shows
News headlines about Golden Ocean Group Limited (NASDAQ:GOGL) have trended somewhat positive on Saturday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Golden Ocean Group Limited earned a news impact score of 0.04 on Accern’s scale. Accern also assigned news stories about the shipping company an impact score of 46.4516581832801 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern’s scoring:
- Seaspan Corporation (SSW) versus Golden Ocean Group Limited (GOGL) Financial Analysis (americanbankingnews.com)
- $81.57 Million in Sales Expected for Golden Ocean Group Limited (GOGL) This Quarter (americanbankingnews.com)
- -$0.05 Earnings Per Share Expected for Golden Ocean Group Limited (GOGL) This Quarter (americanbankingnews.com)
- Golden Ocean Group Limited (GOGL) & Scorpio Bulkers (SALT) Head to Head Analysis (americanbankingnews.com)
- StealthGas (GASS) versus Golden Ocean Group Limited (GOGL) Financial Comparison (americanbankingnews.com)
Golden Ocean Group Limited (NASDAQ:GOGL) remained flat at $$7.88 during mid-day trading on Friday. The stock had a trading volume of 138,800 shares, compared to its average volume of 351,617. Golden Ocean Group Limited has a 52-week low of $3.87 and a 52-week high of $9.95. The company has a current ratio of 4.13, a quick ratio of 4.13 and a debt-to-equity ratio of 0.95.
Golden Ocean Group Limited (NASDAQ:GOGL) last released its quarterly earnings data on Thursday, August 17th. The shipping company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.03. The company had revenue of $99.86 million during the quarter, compared to analysts’ expectations of $65.36 million. Golden Ocean Group Limited had a negative net margin of 14.69% and a negative return on equity of 3.91%. analysts predict that Golden Ocean Group Limited will post -0.12 earnings per share for the current year.
A number of research firms have recently weighed in on GOGL. BidaskClub downgraded shares of Golden Ocean Group Limited from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Clarkson Capital downgraded shares of Golden Ocean Group Limited from a “buy” rating to a “neutral” rating in a report on Tuesday, October 17th. Zacks Investment Research upgraded shares of Golden Ocean Group Limited from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 26th. Finally, Nordea Equity Research raised shares of Golden Ocean Group Limited from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $11.00.
About Golden Ocean Group Limited
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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