Analysts are on the Bearish side about Golden Ocean Group Limited (NASDAQ:GOGL) this week.

July 16, 2018 - By Matthew Richard

Golden Ocean Group Limited (NASDAQ:GOGL) Logo

Golden Ocean Group Limited (NASDAQ:GOGL) Ratings Coverage

Among 3 analysts covering Golden Ocean Group (NASDAQ:GOGL), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Golden Ocean Group had 6 analyst reports since February 12, 2018 according to SRatingsIntel. The stock of Golden Ocean Group Limited (NASDAQ:GOGL) has “Equal-Weight” rating given on Monday, February 12 by Morgan Stanley. JP Morgan maintained it with “Overweight” rating and $11 target in Thursday, May 31 report. The stock of Golden Ocean Group Limited (NASDAQ:GOGL) has “Equal-Weight” rating given on Wednesday, February 21 by Morgan Stanley. The rating was maintained by Morgan Stanley on Tuesday, April 17 with “Equal-Weight”. The rating was maintained by JP Morgan on Friday, March 23 with “Overweight”. Below is a list of Golden Ocean Group Limited (NASDAQ:GOGL) latest ratings and price target changes.

14/06/2018 Broker: Drewry Financial Rating: Buy New Target: $11.5000
31/05/2018 Broker: JP Morgan Old Rating: Overweight New Rating: Overweight Old Target: $11.5 New Target: $11 Maintain
17/04/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $10 New Target: $9.5 Maintain
23/03/2018 Broker: JP Morgan Old Rating: Overweight New Rating: Overweight Old Target: $11 New Target: $11.5 Maintain
21/02/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $9.5 New Target: $10 Maintain
12/02/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Equal-Weight Downgrade

The stock decreased 0.35% or $0.03 during the last trading session, reaching $8.48. About 89,555 shares traded. Golden Ocean Group Limited (NASDAQ:GOGL) has risen 32.79% since July 16, 2017 and is uptrending. It has outperformed by 20.22% the S&P500.

Golden Ocean Group Limited, a shipping company, engages in the transportation of bulk commodities worldwide. The company has market cap of $1.22 billion. It owns and operates a fleet of dry bulk vessels, including Newcastlemax, Capesize, Kamsarmax, Panamax, and Supramax vessels. It has a 35.63 P/E ratio. The firm transports bulk commodities, such as ores, coal, grains, and fertilizers along worldwide shipping routes.

More recent Golden Ocean Group Limited (NASDAQ:GOGL) news were published by: Seekingalpha.com which released: “Golden Ocean Group: Q1 2018 Earnings Analysis” on June 22, 2018. Also Seekingalpha.com published the news titled: “Marine Money wrap and top picks” on June 21, 2018. Seekingalpha.com‘s news article titled: “GoodBulk Needs To Sell To Star Bulk!” with publication date: June 29, 2018 was also an interesting one.

Golden Ocean Group Limited (NASDAQ:GOGL) Ratings Chart

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