Golden Ocean Group (NASDAQ:GOGL) was upgraded by research analysts at Clarkson Capital from a “neutral” rating to a “buy” rating in a report issued on Monday, The Fly reports.
Other analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Golden Ocean Group from a “hold” rating to a “sell” rating in a report on Thursday, December 21st. Zacks Investment Research cut shares of Golden Ocean Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, Morgan Stanley cut shares of Golden Ocean Group from an “overweight” rating to an “equal” rating in a research note on Monday. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $11.00.
Shares of Golden Ocean Group (NASDAQ:GOGL) traded up $0.24 on Monday, hitting $8.15. 157,800 shares of the stock were exchanged, compared to its average volume of 206,849. Golden Ocean Group has a 52 week low of $5.43 and a 52 week high of $9.95. The company has a market cap of $1,142.12, a P/E ratio of -38.81 and a beta of 2.15. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.94.
Golden Ocean Group 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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