Golden Ocean Group Limited GOGL was a big mover last session, as the company saw its shares rise slightly over 6% on the day. This led to solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company, as the stock is now down 36.9% in the last one month.
Though the company has seen no estimate revisions in the past 30 days, the Zacks Consensus Estimate moved higher over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Golden Ocean Group currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
A better-ranked shipping stock is Dorian LPG Ltd. LPG, sporting a Zacks Rank #1 (Strong Buy).
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