News headlines about Golden Ocean Group (NASDAQ:GOGL) have been trending somewhat positive this week, Alpha One Sentiment reports. The research group, a unit of Accern, identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Golden Ocean Group earned a news sentiment score of 0.22 on Alpha One’s scale. Alpha One also gave media stories about the shipping company an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have effected AlphaOne’s analysis:
- Golden Ocean Group Ltd (GOGL) Needle Moving on Volume – The Times (tuckermantimes.com)
- GOGL – Invitation to presentation of Q1 2017 Results (finance.yahoo.com)
- Dividend Diamond? Growth in Focus For Golden Ocean Group Limited (NasdaqGS:GOGL) – Geneva Journal (genevajournal.com)
- GOGL Takes Two More Vessels from Quintana (maritimeprofessional.com)
- Another Bulker Handed Over to GOGL (worldmaritimenews.com)
Golden Ocean Group (NASDAQ:GOGL) opened at 6.58 on Friday. The stock’s market capitalization is $753.88 million. Golden Ocean Group has a 1-year low of $3.10 and a 1-year high of $9.05. The stock’s 50 day moving average price is $7.36 and its 200 day moving average price is $5.89.
A number of analysts recently weighed in on GOGL shares. DNB Markets upgraded Golden Ocean Group from a “hold” rating to a “buy” rating in a research report on Thursday, April 6th. Pareto Securities raised Golden Ocean Group from a “hold” rating to a “buy” rating in a research note on Wednesday, March 15th. JPMorgan Chase & Co. raised Golden Ocean Group from an “underweight” rating to a “neutral” rating and set a $5.50 price target on the stock in a research note on Wednesday, March 1st. Finally, Morgan Stanley raised Golden Ocean Group from an “underweight” rating to an “overweight” rating and lifted their price target for the stock from $2.50 to $10.00 in a research note on Tuesday, March 28th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Golden Ocean Group presently has an average rating of “Buy” and an average price target of $8.44.
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About Golden Ocean Group
Golden Ocean Group Limited, formerly Knightsbridge Shipping Limited, is an international dry bulk shipping company. The Company is engaged in the transportation of dry bulk cargoes. It owns and operates a fleet of dry bulk carrier vessels, focusing on the Capesize, Panamax and Supramax markets. Its vessels transport a range of major and minor bulk commodities, including ores, coal, grains and fertilizers.
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