The stock of Golden Ocean Group Ltd (NASDAQ:GOGL) is a huge mover today! About 73,811 shares traded hands. Golden Ocean Group Ltd (NASDAQ:GOGL) has risen 42.76% since March 2, 2016 and is uptrending. It has outperformed by 34.50% the S&P500.
The move comes after 9 months positive chart setup for the $149.65 million company. It was reported on Oct, 5 by Barchart.com. We have $12.14 PT which if reached, will make NASDAQ:GOGL worth $276.85 million more.
Golden Ocean Group Ltd (NASDAQ:GOGL) Ratings Coverage
Out of 5 analysts covering Golden Ocean Group (NASDAQ:GOGL), 2 rate it a “Buy”, 2 “Sell”, while 1 “Hold”. This means 40% are positive. Golden Ocean Group has been the topic of 9 analyst reports since September 1, 2015 according to StockzIntelligence Inc. Clarkson Capital downgraded the shares of GOGL in a report on Tuesday, February 9 to “Neutral” rating. The stock has “Underweight” rating given by Morgan Stanley on Tuesday, December 15. The rating was initiated by JP Morgan with “Neutral” on Thursday, October 15. As per Monday, March 7, the company rating was upgraded by DNB Markets. The stock of Golden Ocean Group Ltd (NASDAQ:GOGL) earned “Buy” rating by Zacks on Tuesday, September 1. The firm has “Buy” rating by Nordea given on Tuesday, March 22. JP Morgan downgraded Golden Ocean Group Ltd (NASDAQ:GOGL) on Tuesday, January 26 to “Underweight” rating.
According to Zacks Investment Research, “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.”
More recent Golden Ocean Group Ltd (NASDAQ:GOGL) news were published by: Marketwatch.com which released: “Golden Ocean downgraded to underweight from neutral at JP Morgan” on June 12, 2012. Also Seekingalpha.com published the news titled: “Golden Ocean Group Limited (GOGL) CEO Birgitte Vartdal on Q1 2016 Results …” on May 24, 2016. Globenewswire.com‘s news article titled: “VLCCF – Knightsbridge Shipping Limited and Golden Ocean Group Limited agree to …” with publication date: October 07, 2014 was also an interesting one.
GOGL Company Profile
Golden Ocean Group Limited, formerly Knightsbridge Shipping Limited, incorporated on November 8, 2004, is an international dry bulk shipping company. The Firm is engaged in the transportation of dry bulk cargoes. The Firm owns and operates a fleet of dry bulk carrier vessels, focusing on the Capesize, Panamax and Supramax markets. The Company’s vessels transport a range of major and minor bulk commodities, including ores, coal, grains and fertilizers, along worldwide shipping routes. The Company’s fleet includes owned vessels, bareboat vessels, chartered vessels, commercial management vessels and newbuildings.
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