Press coverage about Golden Ocean Group (NASDAQ:GOGL) has been trending somewhat positive on Monday, Accern reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Golden Ocean Group earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned press coverage about the shipping company an impact score of 45.0145328493958 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
A number of equities analysts recently weighed in on GOGL shares. BidaskClub upgraded shares of Golden Ocean Group from a “strong sell” rating to a “sell” rating in a report on Saturday, June 16th. Morgan Stanley decreased their price objective on shares of Golden Ocean Group from $10.00 to $9.50 and set an “equal weight” rating for the company in a report on Tuesday, April 17th. JPMorgan Chase & Co. boosted their price objective on shares of Golden Ocean Group from $11.00 to $11.50 and gave the stock an “overweight” rating in a report on Friday, March 23rd. Zacks Investment Research lowered shares of Golden Ocean Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 25th. Finally, ValuEngine lowered shares of Golden Ocean Group from a “sell” rating to a “strong sell” rating in a report on Monday, April 2nd. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Golden Ocean Group has a consensus rating of “Hold” and a consensus price target of $10.17.
NASDAQ:GOGL traded down $0.28 during trading hours on Monday, reaching $8.72. The company had a trading volume of 4,825 shares, compared to its average volume of 173,121. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.76. Golden Ocean Group has a 52 week low of $5.82 and a 52 week high of $9.95. The company has a market cap of $1.30 billion, a PE ratio of -435.50 and a beta of 1.98.
Golden Ocean Group (NASDAQ:GOGL) last posted its earnings results on Wednesday, May 30th. The shipping company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. Golden Ocean Group had a net margin of 6.10% and a return on equity of 2.24%. The business had revenue of $149.94 million during the quarter, compared to the consensus estimate of $92.61 million. research analysts forecast that Golden Ocean Group will post 0.34 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 28th. Shareholders of record on Thursday, June 14th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date is Wednesday, June 13th. Golden Ocean Group’s dividend payout ratio (DPR) is presently -2,000.00%.
About Golden Ocean Group
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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