NASDAQ:GOGL Golden Ocean Group (GOGL) Stock Price, News & Analysis → Claim Your Complimentary Bitcoin Reward (From Crypto Swap Profits) (Ad) Free GOGL Stock Alerts $12.96 +0.18 (+1.41%) (As of 04:22 PM ET) Add Compare Share Share Today's Range$12.85▼$13.1250-Day Range$10.13▼$13.9352-Week Range$6.89▼$13.95Volume1.42 million shsAverage Volume1.87 million shsMarket Capitalization$2.59 billionP/E Ratio23.14Dividend Yield9.26%Price Target$12.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Golden Ocean Group alerts: Email Address Golden Ocean Group MarketRank™ Stock AnalysisAnalyst RatingHold2.33 Rating ScoreUpside/Downside4.1% Downside$12.50 Price TargetShort InterestHealthy4.21% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.64Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth20.39%From $1.52 to $1.83 Per ShareSee Full Details Hide Full Details 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 starsTransportation Sector80th out of 116 stocksWater Transportation Industry11th out of 19 stocks 1.2 Analyst's Opinion Consensus RatingGolden Ocean Group has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $12.50, Golden Ocean Group has a forecasted downside of 4.1% from its current price of $13.03.Amount of Analyst CoverageGolden Ocean Group has only been the subject of 2 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted4.21% of the float of Golden Ocean Group has been sold short.Short Interest Ratio / Days to CoverGolden Ocean Group has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Golden Ocean Group has recently decreased by 5.49%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipGolden Ocean Group is a leading dividend payer. It pays a dividend yield of 9.57%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthGolden Ocean Group has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Golden Ocean Group is 214.29%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Golden Ocean Group will have a dividend payout ratio of 65.57% next year. This indicates that Golden Ocean Group will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for GOGL. Previous Next 3.7 News and Social Media Coverage News SentimentGolden Ocean Group has a news sentiment score of 0.64. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.45 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Golden Ocean Group this week, compared to 2 articles on an average week.Search Interest29 people have searched for GOGL on MarketBeat in the last 30 days. This is an increase of 123% compared to the previous 30 days.MarketBeat Follows16 people have added Golden Ocean Group to their MarketBeat watchlist in the last 30 days. This is an increase of 220% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Golden Ocean Group insiders have not sold or bought any company stock.Percentage Held by InstitutionsOnly 22.00% of the stock of Golden Ocean Group is held by institutions. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Golden Ocean Group are expected to grow by 20.39% in the coming year, from $1.52 to $1.83 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Golden Ocean Group is 23.27, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.43.Price to Earnings Ratio vs. SectorThe P/E ratio of Golden Ocean Group is 23.27, which means that it is trading at a more expensive P/E ratio than the Transportation sector average P/E ratio of about 13.13.Price to Book Value per Share RatioGolden Ocean Group has a P/B Ratio of 1.35. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Behind the MarketsUrgent: Protect Your Investments from a Chinese InvasionAn alarming new reality is unfolding across America. The United States is bracing for the unthinkable - a potential Chinese invasion.Click here to get my exclusive report NOW >>> 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.Read More GOGL Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GOGL Stock News HeadlinesMarch 28, 2024 | americanbankingnews.comGolden Ocean Group (NASDAQ:GOGL) Stock Price Passes Above 200 Day Moving Average of $9.60March 27, 2024 | finanznachrichten.deGolden Ocean Group Limited: GOGL - Notice of Annual General Meeting 2024March 28, 2024 | Crypto 101 Media (Ad)Altcoin FRENZY Alert…Bitcoin recently crossed the highest price in its 15-year history… Less than 2 years after one of the most vicious crypto market meltdowns we've ever seen! Bitcoin's BOOM also sent shockwaves through the altcoin market, with select coins seeing HUGE moves in a matter of days… Like Fetch.ai, that gained over 350% in just the last 30 days… March 26, 2024 | globenewswire.comGOGL – Notice of Annual General Meeting 2024March 20, 2024 | globenewswire.comGOGL - Filing of 2023 Annual Report on Form 20-FMarch 16, 2024 | finance.yahoo.comGOGL Apr 2024 2.500 callMarch 16, 2024 | finance.yahoo.comGOGL Apr 2024 10.000 putMarch 5, 2024 | seekingalpha.comIs The Good News Priced In For Golden Ocean's Share Price?March 28, 2024 | Crypto Swap Profits (Ad)Claim Your Complimentary Bitcoin RewardMany have already secured their free Bitcoin reward offered by our esteemed guest. How about you? In an effort to spread the word about our upcoming workshop, he's generously offering $10 in Bitcoin (BTC) to participants. Absolutely no strings attached.March 2, 2024 | finance.yahoo.comGolden Ocean Group (NASDAQ:GOGL) Has Announced That It Will Be Increasing Its Dividend To $0.30March 1, 2024 | seekingalpha.comGolden Ocean Group Limited (GOGL) Q4 2023 Earnings Call TranscriptFebruary 29, 2024 | finance.yahoo.comGolden Ocean Group Limited (NASDAQ:GOGL) Q4 2023 Earnings Call TranscriptFebruary 28, 2024 | finanznachrichten.deGolden Ocean Group Limited: GOGL - Fourth Quarter 2023 ResultsFebruary 28, 2024 | seekingalpha.comGolden Ocean Group Limited 2023 Q4 - Results - Earnings Call PresentationFebruary 28, 2024 | globenewswire.comGOGL – Q4 2023 PresentationFebruary 28, 2024 | globenewswire.comGOGL – Fourth Quarter 2023 ResultsFebruary 21, 2024 | au.finance.yahoo.comGolden Ocean Group Ltd (GOGLO.ST)February 16, 2024 | finance.yahoo.comGOGL Mar 2024 15.000 callFebruary 16, 2024 | finance.yahoo.comGOGL Mar 2024 5.000 putFebruary 15, 2024 | finance.yahoo.comGOGL – Invitation to presentation of Q4 2023 ResultsFebruary 15, 2024 | globenewswire.comGOGL – Invitation to presentation of Q4 2023 ResultsFebruary 12, 2024 | wsj.comGolden Ocean Group Ltd.February 3, 2024 | finance.yahoo.comSlowing Rates Of Return At Golden Ocean Group (NASDAQ:GOGL) Leave Little Room For ExcitementJanuary 31, 2024 | realmoney.thestreet.comGolden Ocean price target raised by $2 at Jefferies, here's whyJanuary 18, 2024 | finanznachrichten.deGolden Ocean Group Limited: GOGL - Changes to the Board compositionJanuary 18, 2024 | finance.yahoo.comGolden Ocean Group (NASDAQ:GOGL) lifts 3.7% this week, taking three-year gains to 182%January 17, 2024 | finance.yahoo.comMaritime Moneymakers: 3 Shipping Stocks to Ride the Trade WaveSee More Headlines Receive GOGL Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Golden Ocean Group and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings2/28/2024Ex-Dividend for 3/25 Dividend3/12/2024Dividend Payable3/25/2024Today3/28/2024Next Earnings (Estimated)5/21/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorTransportation Industry Water transportation Sub-IndustryOil & Gas Storage & Transportation Current SymbolNASDAQ:GOGL Previous SymbolNASDAQ:VLCCF CUSIPG5299G10 CIK1029145 Webwww.goldenocean.bm Phone(441) 295-6935Fax1-441-295-3494Employees38Year Founded2004Price 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 RatingHold Rating Score (0-4)2.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$0.56 Trailing P/E Ratio22.82 Forward P/E Ratio8.41 P/E GrowthN/ANet Income$112.27 million Net Margins12.68% Pretax Margin12.74% Return on Equity5.91% Return on Assets3.23% Debt Debt-to-Equity Ratio0.69 Current Ratio1.23 Quick Ratio1.05 Sales & Book Value Annual Sales$885.77 million Price / Sales2.88 Cash Flow$1.31 per share Price / Cash Flow9.77 Book Value$9.63 per share Price / Book1.33Miscellaneous Outstanding Shares199,630,000Free FloatN/AMarket Cap$2.55 billion OptionableOptionable Beta1.39 Social Links 13 Stocks Institutional Investors Won't Stop BuyingWhich stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.Get This Free Report Key ExecutivesMr. Lars-Christian Svensen (Age 37)Chief Executive Officer Mr. Peder Carl Gram Simonsen (Age 50)Chief Financial Officer of Golden Ocean Management AS Mr. Tord BrathHead of Global OperationsKey CompetitorsTeekay TankersNYSE:TNKGolar LNGNASDAQ:GLNGTeekay LNG PartnersNYSE:TGPNordic American TankersNYSE:NATInternational SeawaysNYSE:INSWView All CompetitorsInstitutional OwnershipQuadrature Capital LtdBought 17,466 shares on 3/25/2024Ownership: 0.009%PNC Financial Services Group Inc.Sold 40,195 shares on 3/22/2024Ownership: 0.003%Vanguard Group Inc.Bought 52,985 shares on 3/11/2024Ownership: 0.692%Goldman Sachs Group Inc.Bought 119,147 shares on 3/1/2024Ownership: 0.406%Price T Rowe Associates Inc. MDBought 2,648 shares on 2/16/2024Ownership: 0.015%View All Institutional Transactions 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? Based on aggregate information from My MarketBeat watchlists, some companies that other Golden Ocean Group investors own include Scorpio Bulkers (SALT), Star Bulk Carriers (SBLK), Intel (INTC), Tsakos Energy Navigation (TNP), Uniti Group (UNIT), Capital Product Partners (CPLP), Enterprise Products Partners (EPD), Golar LNG Partners (GMLP), Prospect Capital (PSEC) and Apollo Investment (AINV). 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 From Our PartnersTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeGrab Your Free Bitcoin Today!Crypto Swap ProfitsMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceTop Project Outperforms BTC in 2023…Crypto 101 MediaThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading Academy“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisoryMost important medical advance in 100 yearsThe Oxford ClubFed launches fourth dollar overhaulStansberry Research Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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