Golden Ocean Group Ltd (NASDAQ: GOGL) has reported E.P.S. of $0.14 for its third fiscal quarter (ending September 30) versus $0.52 for the same period a year ago — a decline of -73%. However, this performance was $0.07 better than the consensus estimate of $0.07. For the latest four quarters through September 30, E.P.S. were $0.61 compared to $2.98 a year ago — a decline of -80%.
Recent Price Action
Golden Ocean Group Ltd (NASDAQ: GOGL) stock enjoyed a major increase of 12.8% on 11/21/23. The shares closed at $8.83. The stock has been weak relative to the market over the last nine months but has risen 17.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, GOGL is expected to continue to be a modest Value Builder.
Golden Ocean Group has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Golden Ocean Group has a good Appreciation Score of 75 but a slightly negative Power Rating of 38, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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