Media headlines about Golden Ocean Group (NASDAQ:GOGL) have been trending somewhat positive this week, AlphaOne Sentiment reports. The research firm, a service of Accern, rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Golden Ocean Group earned a media sentiment score of 0.23 on AlphaOne’s scale. AlphaOne also assigned media coverage about the shipping company an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an effect on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Alpha One Sentiment Analysis’s rankings:
- GOGL Adds Dry Bulk Vessel (marinelink.com)
- BRIEF-GOGL- agreements to acquire 16 modern dry bulk vessels in all-share deal (reuters.com)
- GOGL Expands Fleet with Capesize Bulker (worldmaritimenews.com)
- Golden Ocean Group Ltd (GOGL) Needle Moving on Volume – The Times (tuckermantimes.com)
- GOGL – Invitation to presentation of Q1 2017 Results (finance.yahoo.com)
Shares of Golden Ocean Group (NASDAQ:GOGL) traded up 0.478% on Tuesday, hitting $6.732. The stock had a trading volume of 121,138 shares. Golden Ocean Group has a 52 week low of $3.10 and a 52 week high of $9.05. The company has a 50-day moving average of $7.34 and a 200 day moving average of $5.95. The company’s market capitalization is $771.30 million.
Several research analysts have issued reports on the company. DNB Markets upgraded Golden Ocean Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 6th. JPMorgan Chase & Co. upgraded Golden Ocean Group from an “underweight” rating to a “neutral” rating and set a $5.50 price objective for the company in a research note on Wednesday, March 1st. Morgan Stanley upgraded Golden Ocean Group from an “underweight” rating to an “overweight” rating and increased their price objective 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. Finally, Pareto Securities upgraded Golden Ocean Group from a “hold” rating to a “buy” rating in a research note on Wednesday, March 15th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Golden Ocean Group currently has a consensus rating of “Buy” and an average price target of $8.44.
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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