Somewhat Positive Press Coverage Somewhat Unlikely to Affect Golden Ocean Group Limited (NASDAQ:GOGL) Share Price
Headlines about Golden Ocean Group Limited (NASDAQ:GOGL) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Golden Ocean Group Limited earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned press coverage about the shipping company an impact score of 45.6764721874991 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media headlines that may have impacted Accern’s scoring:
- Facebook launches ‘Watch’ to take on TV (finance.yahoo.com)
- GOGL – Notice of Annual General Meeting 2017 – GuruFocus.com (gurufocus.com)
- Golden Ocean Group Ltd (GOGL): RMI Suggests Potential Turnaround – Evergreen Caller (evergreencaller.com)
- Ship Finance International Limited (SFL) noted a price change of -0.36% and Golden Ocean Group Limited (GOGL) – Stocks Gallery (stocksgallery.com)
- Golden Ocean Group Limited (NASDAQ:GOGL) Stock Closed 16.3% Above Its 50 Day Average – Modern Readers (modernreaders.com)
GOGL has been the topic of several research analyst reports. BidaskClub raised shares of Golden Ocean Group Limited from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. DNB Markets raised shares of Golden Ocean Group Limited from a “hold” rating to a “buy” rating in a report on Tuesday, July 4th. Seaport Global Securities initiated coverage on shares of Golden Ocean Group Limited in a report on Tuesday, June 13th. They issued a “buy” rating and a $10.00 target price on the stock. Zacks Investment Research downgraded shares of Golden Ocean Group Limited from a “buy” rating to a “hold” rating in a report on Thursday, May 25th. Finally, J P Morgan Chase & Co raised shares of Golden Ocean Group Limited from a “neutral” rating to an “overweight” rating in a report on Tuesday, July 4th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $8.75.
Golden Ocean Group Limited (NASDAQ:GOGL) opened at 7.94 on Friday. The company’s market cap is $989.90 million. The firm’s 50-day moving average is $6.98 and its 200-day moving average is $6.80. Golden Ocean Group Limited has a 52-week low of $3.40 and a 52-week high of $9.05.
Golden Ocean Group Limited (NASDAQ:GOGL) last posted its quarterly earnings results on Wednesday, May 24th. The shipping company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.14) by $0.03. Golden Ocean Group Limited had a negative return on equity of 5.71% and a negative net margin of 26.08%. The company had revenue of $83.82 million for the quarter, compared to analysts’ expectations of $58.80 million. On average, equities research analysts anticipate that Golden Ocean Group Limited will post ($0.36) EPS for the current year.
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Golden Ocean Group Limited Company Profile
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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