|Over a month ago|
Golden Ocean reports Q1 EPS ($1.12), consensus (22c) » 08:0005/2705/27/20
Reports Q1 net revenue…
Reports Q1 net revenue $81.14M, consensus $92.53M.
Golden Ocean reports Q1 EPS ($1.12), consensus (22c) » 05:2105/2705/27/20
Reports Q1 revenue…
Reports Q1 revenue $137.4M, consensus $92.53M. Golden Ocean said in its earnings release, " The decrease in operating revenues was primarily driven by the weaker market environment brought about by the COVID-19 pandemic that coincided with a seasonally weak first quarter and limited iron ore exports from Brazil." CEO Ulrik Andersen commented, "Golden Ocean's first quarter results come amid an extremely weak demand environment brought on by the COVID-19 pandemic. While freight rates have yet to display a meaningful recovery, we are optimistic that conditions will improve over the medium term as the pace of industrial activity recovers. In the meantime, we are focused on ensuring our highly competitive cost structure and preserving our strong financial profile. Above all, our first priority is the health and safety of our shore-based employees and our seafarers. We are taking significant precautions to ensure their well-being and are grateful for their contributions in light of the challenging conditions they are facing."
Golden Ocean downgraded to Hold from Buy at Kepler Cheuvreux » 05:1705/0605/06/20
Kepler Cheuvreux analyst…
Kepler Cheuvreux analyst Petter Haugen downgraded Golden Ocean to Hold from Buy with a NOK 35 price target.
Golden Ocean upgraded to Buy from Hold at Pareto » 05:2404/2804/28/20
Pareto analyst Eirik…
Pareto analyst Eirik Haavaldsen upgraded Golden Ocean to Buy from Hold with a $4.35 price target.
Scorpio Bulkers, Golden Ocean price targets cut at BTIG » 07:3904/2004/20/20
BTIG analyst Gregory…
BTIG analyst Gregory Lewis lowers his price target on Scorpio Bulkers (SALT) to $40 from $90 and on Golden Ocean (GOGL) to $6 from $10 as part of its broader research note, stating that while the Baltic Dry Index has risen 24% over the past 2 weeks, charter rates are barely above cash operating expenses. The analyst keeps his Buy rating on both names however, noting that with a catch-up trade coming in iron ore and vessel scrapping picking up, he sees risk-reward in the stocks as skewed to the upside.
|Over a quarter ago|
Fly Intel: Top five analyst upgrades » 10:2502/1902/19/20
NVDA, MTRX, CTXS, HCKT, GOGL
Catch up on today's…
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Nvidia (NVDA) upgraded to Outperform from Market Perform at Bernstein with analyst Stacy Rasgon saying the company's March 19 analyst day and the completion of the Mellanox (MLNX) acquisition are two potential catalysts for the shares. 2. Matrix Service (MTRX) upgraded to Buy from Neutral at Sidoti with analyst John Franzreb saying shares are down about 28% since the company reported disappointing Q2 results less than two weeks ago and he thinks the "valuation reset" offers a compelling entry point. 3. Citrix (CTXS) assumed with an Equal Weight from Underweight at Morgan Stanley with analyst Sanjit Singh saying Citrix's transition to subscription accelerated in 2019 and he is confident in the company's ability to meet its 2022 free cash flow per share target of $10 given its strong recent expense discipline, aggressive share repurchases and growing contribution from the cloud portfolio. 4. Hackett Group (HCKT) upgraded to Buy from Hold at Craig-Hallum with analyst George Sutton saying the "historic" Hackett Oracle implementation business has seen premise revenues move from $80M to a relatively small level in the teens, while cloud is now more than 75% of the practice growing at more than 30%. In his view, that is a major "headline headwind" that will soon turn into a tailwind. 5. Golden Ocean (GOGL) upgraded to Hold from Sell at Pareto. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Golden Ocean upgraded to Hold from Sell at Pareto » 05:2202/1902/19/20
Pareto analyst Eirik…
Pareto analyst Eirik Haavaldsen upgraded Golden Ocean Group to Hold from Sell with a NOK 40 price target.
Golden Ocean reports Q4 EPS 29c, consensus 26c » 07:2002/1802/18/20
Reports Q4 net revenue…
Reports Q4 net revenue $179.8M, consensus $150.65M.
Golden Ocean reports Q4 EPS 29c, consensus 26c » 05:3602/1802/18/20
Ola Lorentzon, chairman…
Ola Lorentzon, chairman of the board of Golden Ocean and interim CEO, commented: "Golden Ocean's solid performance continued in the fourth quarter despite a weakening rate environment. While the company's earnings potential has been demonstrated over the course of last year, the market is currently presenting a challenging scenario that will impact our results in the near term. As the current market dynamic continues to unfold, our focus remains on maintaining efficient operations and a strong balance sheet and liquidity position."
Golden Ocean downgraded to Hold from Buy at Fearnley » 05:3301/2701/27/20
Fearnley analyst Espen…
Fearnley analyst Espen Fjermestad downgraded Golden Ocean to Hold from Buy with a NOK 48.19 price target.