Media coverage about Golden Ocean Group Limited (NASDAQ:GOGL) has trended positive on Tuesday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Golden Ocean Group Limited earned a daily sentiment score of 0.26 on Accern’s scale. Accern also assigned press coverage about the shipping company an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern’s scoring:
- Golden Ocean Group Ltd (GOGL) Shares Needle Moving 6.06% – Wall Street Review (thewallstreetreview.com)
- $64.09 Million in Sales Expected for Golden Ocean Group Limited (GOGL) This Quarter (americanbankingnews.com)
- Zacks: Analysts Expect Golden Ocean Group Limited (NASDAQ:GOGL) to Announce -$0.13 Earnings Per Share (americanbankingnews.com)
- Golden Ocean : GOGL – 2017 Annual General Meeting (4-traders.com)
- Golden Ocean Group Ltd. breached its 50 day moving average in a Bullish Manner : GOGL-US : July 12, 2017 (finance.yahoo.com)
Several analysts have recently issued reports on GOGL shares. Morgan Stanley raised Golden Ocean Group Limited from an “underweight” rating to an “overweight” rating and increased their target price for the stock from $2.50 to $10.00 in a report on Tuesday, March 28th. They noted that the move was a valuation call. DNB Markets raised Golden Ocean Group Limited from a “hold” rating to a “buy” rating in a report on Thursday, April 6th. J P Morgan Chase & Co raised Golden Ocean Group Limited from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $6.00 to $14.00 in a report on Friday, April 7th. Zacks Investment Research lowered Golden Ocean Group Limited from a “buy” rating to a “hold” rating in a report on Thursday, May 25th. Finally, Seaport Global Securities started coverage on Golden Ocean Group Limited in a report on Tuesday, June 13th. They set a “buy” rating and a $10.00 target price on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. Golden Ocean Group Limited currently has a consensus rating of “Buy” and an average target price of $8.75.
Shares of Golden Ocean Group Limited (GOGL) opened at 7.00 on Tuesday. The company’s market capitalization is $872.70 million. The company’s 50 day moving average price is $6.20 and its 200 day moving average price is $6.32. Golden Ocean Group Limited has a 12 month low of $3.22 and a 12 month high of $9.05.
Golden Ocean Group Limited (NASDAQ:GOGL) last posted its earnings results on Wednesday, May 24th. The shipping company reported ($0.17) EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $83.82 million for the quarter, compared to analysts’ expectations of $58.80 million. Analysts expect that Golden Ocean Group Limited will post ($0.34) EPS for the current fiscal year.
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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