Golden Ocean Group (GOGL) Set to Announce Quarterly Earnings on Wednesday

Golden Ocean Group (NASDAQ:GOGL) will announce its earnings results before the market opens on Wednesday, August 28th. Analysts expect the company to announce earnings of $0.28 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Golden Ocean Group Stock Performance

Shares of GOGL stock opened at $12.24 on Monday. The stock has a fifty day moving average of $12.81 and a 200 day moving average of $13.11. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 13.16 and a beta of 1.16. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.68. Golden Ocean Group has a 52 week low of $6.89 and a 52 week high of $15.77.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. StockNews.com downgraded Golden Ocean Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 14th. Jefferies Financial Group downgraded Golden Ocean Group from a “buy” rating to a “hold” rating and set a $15.50 price objective for the company. in a report on Wednesday, May 22nd.

About Golden Ocean Group

Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels worldwide. The company's dry bulk vessels comprise Newcastlemax, Capesize, and Panamax vessels operating in the spot and time charter markets. It also transports a range of bulk commodities, including ores, coal, grains, and fertilizers.