Golden Ocean Group (GOGL) – Research Analysts’ Weekly Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Golden Ocean Group (NASDAQ: GOGL) in the last few weeks:

  • 4/4/2019 – Golden Ocean Group was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 4/1/2019 – Golden Ocean Group was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 4/1/2019 – Golden Ocean Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Golden Ocean Group Limited is a shipping company which engaged in the transportation of dry bulk cargoes. It operates primarily in the Capesize and Panamax market. Golden Ocean Group Limited, formerly known as Knightsbridge Shipping Limited, is based in HAMILTON, Bermuda. “
  • 3/25/2019 – Golden Ocean Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Golden Ocean Group Limited is a shipping company which engaged in the transportation of dry bulk cargoes. It operates primarily in the Capesize and Panamax market. Golden Ocean Group Limited, formerly known as Knightsbridge Shipping Limited, is based in HAMILTON, Bermuda. “
  • 3/19/2019 – Golden Ocean Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Golden Ocean Group Limited is a shipping company which engaged in the transportation of dry bulk cargoes. It operates primarily in the Capesize and Panamax market. Golden Ocean Group Limited, formerly known as Knightsbridge Shipping Limited, is based in HAMILTON, Bermuda. “
  • 3/13/2019 – Golden Ocean Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Golden Ocean Group Limited is a shipping company which engaged in the transportation of dry bulk cargoes. It operates primarily in the Capesize and Panamax market. Golden Ocean Group Limited, formerly known as Knightsbridge Shipping Limited, is based in HAMILTON, Bermuda. “
  • 3/7/2019 – Golden Ocean Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Golden Ocean Group Limited is a shipping company which engaged in the transportation of dry bulk cargoes. It operates primarily in the Capesize and Panamax market. Golden Ocean Group Limited, formerly known as Knightsbridge Shipping Limited, is based in HAMILTON, Bermuda. “
  • 3/1/2019 – Golden Ocean Group was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 2/28/2019 – Golden Ocean Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Golden Ocean Group Limited is a shipping company which engaged in the transportation of dry bulk cargoes. It operates primarily in the Capesize and Panamax market. Golden Ocean Group Limited, formerly known as Knightsbridge Shipping Limited, is based in HAMILTON, Bermuda. “
  • 2/21/2019 – Golden Ocean Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Golden Ocean Group Limited is a shipping company which engaged in the transportation of dry bulk cargoes. It operates primarily in the Capesize and Panamax market. Golden Ocean Group Limited, formerly known as Knightsbridge Shipping Limited, is based in HAMILTON, Bermuda. “
  • 2/14/2019 – Golden Ocean Group was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 2/7/2019 – Golden Ocean Group was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.

Shares of GOGL opened at $5.13 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.58. Golden Ocean Group Ltd has a 12-month low of $4.61 and a 12-month high of $10.05. The stock has a market capitalization of $714.15 million, a P/E ratio of 8.55 and a beta of 1.81.

Golden Ocean Group (NASDAQ:GOGL) last announced its quarterly earnings data on Tuesday, February 19th. The shipping company reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.10. Golden Ocean Group had a net margin of 12.89% and a return on equity of 5.65%. The firm had revenue of $131.92 million during the quarter, compared to analyst estimates of $106.10 million. Equities research analysts anticipate that Golden Ocean Group Ltd will post -0.1 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 3.90%. The ex-dividend date was Wednesday, March 6th. Golden Ocean Group’s dividend payout ratio (DPR) is presently 33.33%.

A number of hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its stake in Golden Ocean Group by 34.9% during the third quarter. Renaissance Technologies LLC now owns 2,065,282 shares of the shipping company’s stock worth $20,318,000 after buying an additional 534,636 shares during the period. Marshall Wace LLP boosted its stake in Golden Ocean Group by 5.3% during the third quarter. Marshall Wace LLP now owns 1,630,602 shares of the shipping company’s stock worth $15,966,000 after buying an additional 82,570 shares during the period. JPMorgan Chase & Co. boosted its stake in Golden Ocean Group by 465.2% during the third quarter. JPMorgan Chase & Co. now owns 1,535,666 shares of the shipping company’s stock worth $15,142,000 after buying an additional 1,263,945 shares during the period. Duff & Phelps Investment Management Co. lifted its position in shares of Golden Ocean Group by 5.2% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 801,187 shares of the shipping company’s stock worth $4,914,000 after purchasing an additional 39,338 shares in the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new stake in shares of Golden Ocean Group during the fourth quarter worth about $4,217,000. 20.93% of the stock is owned by institutional investors.

Golden Ocean Group Limited, a shipping company, engages in the transportation of bulk commodities worldwide. It owns and operates a fleet of dry bulk vessels, including Newcastlemax, Capesize, Panamax, and Ultramax vessels in the spot and time charter markets. The company transports bulk commodities, such as ores, coal, grains, and fertilizers.

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