Golden Ocean Group (NASDAQ:GOGL) Price Target Raised to $12.00 at BTIG Research
Golden Ocean Group (NASDAQ:GOGL) had its price target upped by equities research analysts at BTIG Research from $8.00 to $12.00 in a research note issued to investors on Tuesday, The Fly reports. The brokerage currently has a “buy” rating on the shipping company’s stock. BTIG Research’s price target suggests a potential upside of 28.34% from the stock’s current price.
GOGL opened at $9.35 on Tuesday. The company has a market capitalization of $1.34 billion, a P/E ratio of -11.00 and a beta of 1.83. The firm’s fifty day moving average price is $7.51 and its two-hundred day moving average price is $5.50. Golden Ocean Group has a fifty-two week low of $2.69 and a fifty-two week high of $9.49. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.10 and a quick ratio of 1.10.
Golden Ocean Group (NASDAQ:GOGL) last issued its quarterly earnings data on Thursday, February 18th. The shipping company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.02). Golden Ocean Group had a negative net margin of 17.84% and a positive return on equity of 0.26%. The company had revenue of $168.71 million for the quarter.
About Golden Ocean Group
Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels comprising Newcastlemax, Capesize, Panamax, and Ultramax vessels worldwide. It owns and operates dry bulk vessels in the spot and time charter markets. The company transports bulk commodities, such as ores, coal, grains, and fertilizers.
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