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NASDAQ:GOGL

Golden Ocean Group (GOGL) Stock Price, News & Analysis

$12.96
+0.18 (+1.41%)
(As of 04:22 PM ET)
Today's Range
$12.85
$13.12
50-Day Range
$10.13
$13.93
52-Week Range
$6.89
$13.95
Volume
1.42 million shs
Average Volume
1.87 million shs
Market Capitalization
$2.59 billion
P/E Ratio
23.14
Dividend Yield
9.26%
Price Target
$12.50

Golden Ocean Group MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
4.1% Downside
$12.50 Price Target
Short Interest
Healthy
4.21% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.64mentions of Golden Ocean Group in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
20.39%
From $1.52 to $1.83 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.66 out of 5 stars

Transportation Sector

80th out of 116 stocks

Water Transportation Industry

11th out of 19 stocks

GOGL stock logo

About Golden Ocean Group Stock (NASDAQ:GOGL)

Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels worldwide. It operates dry bulk vessels comprising of Newcastlemax, Capesize, Panamax, and Ultramax vessels in the spot and time charter markets. The company's vessels transport a range of bulk commodities, such as ores, coal, grains, and fertilizers. As of March 16, 2023, it owned a fleet of 74 dry bulk vessels. The company is based in Hamilton, Bermuda.

GOGL Stock Price History

GOGL Stock News Headlines

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GOGL – Notice of Annual General Meeting 2024
GOGL - Filing of 2023 Annual Report on Form 20-F
GOGL Apr 2024 2.500 call
GOGL Apr 2024 10.000 put
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Golden Ocean Group Limited: GOGL - Fourth Quarter 2023 Results
GOGL – Q4 2023 Presentation
GOGL – Fourth Quarter 2023 Results
Golden Ocean Group Ltd (GOGLO.ST)
GOGL Mar 2024 15.000 call
GOGL Mar 2024 5.000 put
GOGL – Invitation to presentation of Q4 2023 Results
GOGL – Invitation to presentation of Q4 2023 Results
Golden Ocean Group Ltd.
Golden Ocean price target raised by $2 at Jefferies, here's why
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Ex-Dividend for 3/25 Dividend
3/12/2024
Dividend Payable
3/25/2024
Today
3/28/2024
Next Earnings (Estimated)
5/21/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Water transportation
Sub-Industry
Oil & Gas Storage & Transportation
Current Symbol
NASDAQ:GOGL
Previous Symbol
NASDAQ:VLCCF
CUSIP
G5299G10
Employees
38
Year Founded
2004

Price Target and Rating

Average Stock Price Target
$12.50
High Stock Price Target
$15.00
Low Stock Price Target
$10.00
Potential Upside/Downside
-2.2%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$112.27 million
Pretax Margin
12.74%

Debt

Sales & Book Value

Annual Sales
$885.77 million
Cash Flow
$1.31 per share
Book Value
$9.63 per share

Miscellaneous

Free Float
N/A
Market Cap
$2.55 billion
Optionable
Optionable
Beta
1.39

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GOGL Stock Analysis - Frequently Asked Questions

Should I buy or sell Golden Ocean Group stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Golden Ocean Group in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GOGL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GOGL, but not buy additional shares or sell existing shares.
View GOGL analyst ratings
or view top-rated stocks.

What is Golden Ocean Group's stock price target for 2024?

3 equities research analysts have issued twelve-month target prices for Golden Ocean Group's shares. Their GOGL share price targets range from $10.00 to $15.00. On average, they expect the company's stock price to reach $12.50 in the next twelve months. This suggests that the stock has a possible downside of 4.1%.
View analysts price targets for GOGL
or view top-rated stocks among Wall Street analysts.

How have GOGL shares performed in 2024?

Golden Ocean Group's stock was trading at $9.76 on January 1st, 2024. Since then, GOGL shares have increased by 33.5% and is now trading at $13.03.
View the best growth stocks for 2024 here
.

Are investors shorting Golden Ocean Group?

Golden Ocean Group saw a decrease in short interest in the month of March. As of March 15th, there was short interest totaling 4,990,000 shares, a decrease of 5.5% from the February 29th total of 5,280,000 shares. Based on an average trading volume of 1,840,000 shares, the days-to-cover ratio is presently 2.7 days. Approximately 4.2% of the company's shares are short sold.
View Golden Ocean Group's Short Interest
.

When is Golden Ocean Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 21st 2024.
View our GOGL earnings forecast
.

How were Golden Ocean Group's earnings last quarter?

Golden Ocean Group Limited (NASDAQ:GOGL) issued its quarterly earnings data on Wednesday, February, 28th. The shipping company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.07. The shipping company had revenue of $196.75 million for the quarter, compared to analysts' expectations of $187.19 million. Golden Ocean Group had a trailing twelve-month return on equity of 5.91% and a net margin of 12.68%.

How often does Golden Ocean Group pay dividends? What is the dividend yield for Golden Ocean Group?

Golden Ocean Group announced a quarterly dividend on Wednesday, February 28th. Investors of record on Wednesday, March 13th will be paid a dividend of $0.30 per share on Monday, March 25th. This represents a $1.20 dividend on an annualized basis and a yield of 9.21%. The ex-dividend date is Tuesday, March 12th. This is an increase from the stock's previous quarterly dividend of $0.10.
Read our dividend analysis for GOGL
.

Is Golden Ocean Group a good dividend stock?

Golden Ocean Group (NASDAQ:GOGL) pays an annual dividend of $1.20 per share and currently has a dividend yield of 9.57%. GOGL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 214.29%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, GOGL will have a dividend payout ratio of 65.57% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GOGL.

What ETFs hold Golden Ocean Group's stock?

ETFs with the largest weight of Golden Ocean Group (NASDAQ:GOGL) stock in their portfolio include SonicShares Global Shipping ETF (BOAT).Global X MSCI Norway ETF (NORW).

When did Golden Ocean Group's stock split?

Golden Ocean Group shares reverse split before market open on Monday, August 1st 2016. The 1-5 reverse split was announced on Wednesday, July 27th 2016. The number of shares owned by shareholders was adjusted after the market closes on Friday, July 29th 2016. An investor that had 100 shares of stock prior to the reverse split would have 20 shares after the split.

What other stocks do shareholders of Golden Ocean Group own?
Who are Golden Ocean Group's major shareholders?

Golden Ocean Group's stock is owned by a number of institutional and retail investors. Top institutional investors include Folketrygdfondet (4.69%), Vanguard Group Inc. (0.69%), Vanguard Group Inc. (0.69%), Bridgeway Capital Management LLC (0.67%), Charles Schwab Investment Management Inc. (0.57%) and Northern Trust Corp (0.44%).

How do I buy shares of Golden Ocean Group?

Shares of GOGL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:GOGL) was last updated on 3/28/2024 by MarketBeat.com Staff

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