Somewhat Positive News Coverage Somewhat Unlikely to Affect Golden Ocean Group (GOGL) Stock Price

News coverage about Golden Ocean Group (NASDAQ:GOGL) has trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Golden Ocean Group earned a news impact score of 0.22 on Accern’s scale. Accern also assigned media coverage about the shipping company an impact score of 47.1779119530388 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Shares of Golden Ocean Group (NASDAQ GOGL) opened at $8.05 on Friday. Golden Ocean Group has a 12 month low of $3.95 and a 12 month high of $9.95. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.68 and a current ratio of 2.68.

GOGL has been the topic of several recent research reports. Zacks Investment Research raised Golden Ocean Group from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Monday, September 4th. Clarkson Capital downgraded Golden Ocean Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 17th. Finally, Nordea Equity Research raised Golden Ocean Group from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $11.00.

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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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