NASDAQ:GOGL Golden Ocean Group (GOGL) Stock Price, News & Analysis → top AI stock (it’s not MSFT, GOOGL, AMZN or AAPL) (From Traders Agency) (Ad) Free GOGL Stock Alerts $13.59 +0.21 (+1.57%) (As of 04/24/2024 ET) Add Compare Share Share Today's Range$13.48▼$13.7350-Day Range$10.91▼$13.9352-Week Range$6.89▼$13.95Volume1.59 million shsAverage Volume1.75 million shsMarket Capitalization$2.71 billionP/E Ratio24.27Dividend Yield8.83%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/Downside8.0% Downside$12.50 Price TargetShort InterestHealthy2.93% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.28Based on 3 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.1.98 out of 5 starsTransportation Sector89th out of 111 stocksWater Transportation Industry13th out of 16 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.Amount of Analyst CoverageGolden Ocean Group has only been the subject of 1 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.93% 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 1.9, 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 30.26%, 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 9.17%, 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 1.8 News and Social Media Coverage News SentimentGolden Ocean Group has a news sentiment score of 0.28. 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 lower news sentiment than the 0.42 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Golden Ocean Group this week, compared to 2 articles on an average week.Search InterestOnly 21 people have searched for GOGL on MarketBeat in the last 30 days. This is a decrease of -16% compared to the previous 30 days.MarketBeat FollowsOnly 7 people have added Golden Ocean Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -53% 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 24.27, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.35.Price to Earnings Ratio vs. SectorThe P/E ratio of Golden Ocean Group is 24.27, which means that it is trading at a more expensive P/E ratio than the Transportation sector average P/E ratio of about 16.20.Price to Book Value per Share RatioGolden Ocean Group has a P/B Ratio of 1.41. 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 Traders Agencytop AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.Click here now for the full details of this stock that’s set to rocket in the AI revolution… About Golden Ocean Group Stock (NASDAQ:GOGL)Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels worldwide. The company's dry bulk vessels comprise Newcastlemax, Capesize, and Panamax vessels operating in the spot and time charter markets. It also transports a range of bulk commodities, including ores, coal, grains, and fertilizers. As of March 20, 2024, the company owned a fleet of 83 dry bulk vessels. Golden Ocean Group Limited 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 HeadlinesApril 19, 2024 | msn.comGolden Ocean Group (GOGL) Stock Moves -0.54%: What You Should KnowApril 19, 2024 | americanbankingnews.comGolden Ocean Group (NASDAQ:GOGL) Stock Crosses Above 200 Day Moving Average of $10.20April 24, 2024 | Traders Agency (Ad)top AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.April 18, 2024 | finance.yahoo.comGolden Ocean Group Limited (GOGL)April 10, 2024 | markets.businessinsider.comCleaves Securities Reaffirms Their Hold Rating on Golden Ocean Group (GOGL)April 5, 2024 | finanznachrichten.deGolden Ocean Group Limited: GOGL - Notice of 2024 Annual General MeetingApril 5, 2024 | globenewswire.comGOGL – Notice of 2024 Annual General MeetingApril 4, 2024 | finance.yahoo.comHas Golden Ocean Group Limited's (NASDAQ:GOGL) Impressive Stock Performance Got Anything to Do With Its Fundamentals?April 24, 2024 | Traders Agency (Ad)top AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.March 27, 2024 | finanznachrichten.deGolden Ocean Group Limited: GOGL - Notice of Annual General Meeting 2024March 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 10.000 putMarch 16, 2024 | finance.yahoo.comGOGL Apr 2024 2.500 callMarch 5, 2024 | seekingalpha.comIs The Good News Priced In For Golden Ocean's Share Price?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 5.000 putFebruary 16, 2024 | finance.yahoo.comGOGL Mar 2024 15.000 callFebruary 15, 2024 | finance.yahoo.comGOGL – Invitation to presentation of Q4 2023 ResultsFebruary 15, 2024 | globenewswire.comGOGL – Invitation to presentation of Q4 2023 ResultsSee 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 Payable3/25/2024Today4/24/2024Next 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-8.0%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$0.56 Trailing P/E Ratio24.27 Forward P/E Ratio8.94 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 / Sales3.06 Cash Flow$1.33 per share Price / Cash Flow10.19 Book Value$9.63 per share Price / Book1.41Miscellaneous Outstanding Shares199,630,000Free FloatN/AMarket Cap$2.71 billion OptionableOptionable Beta1.39 Social Links 10 "Recession Proof" Stocks That Will Thrive in Any MarketWhich stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.Get This Free Report Key ExecutivesMr. Peder Carl Gram Simonsen (Age 50)Chief Financial Officer of Golden Ocean Management AS Mr. Lars-Christian Svensen (Age 38)Chief Executive Officer of Golden Ocean Management AS Mr. Tord BrathHead of Global OperationsKey CompetitorsGolar LNGNASDAQ:GLNGTeekay TankersNYSE:TNKTeekay LNG PartnersNYSE:TGPNordic American TankersNYSE:NATInternational SeawaysNYSE:INSWView All CompetitorsInstitutional OwnershipAssenagon Asset Management S.A.Bought 53,483 shares on 4/24/2024Ownership: 0.043%Denali Advisors LLCSold 82,300 shares on 4/19/2024Ownership: 0.196%Allspring Global Investments Holdings LLCSold 42,240 shares on 4/18/2024Ownership: 0.014%Harbour Capital Advisors LLCBought 54,650 shares on 4/16/2024Ownership: 0.027%FolketrygdfondetSold 17,806 shares on 4/15/2024Ownership: 4.701%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 year. 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 Wall Street research analysts have issued 1-year price targets for Golden Ocean Group's stock. Their GOGL share price targets range from $10.00 to $15.00. On average, they anticipate the company's share price to reach $12.50 in the next twelve months. This suggests that the stock has a possible downside of 8.0%. 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 at the beginning of 2024. Since then, GOGL stock has increased by 39.2% and is now trading at $13.59. View the best growth stocks for 2024 here. Are investors shorting Golden Ocean Group? Golden Ocean Group saw a decline in short interest in March. As of March 31st, there was short interest totaling 3,480,000 shares, a decline of 30.3% from the March 15th total of 4,990,000 shares. Based on an average daily volume of 1,810,000 shares, the short-interest ratio is currently 1.9 days. Approximately 2.9% of the shares of the stock are sold short. 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) posted its quarterly earnings data on Wednesday, February, 28th. The shipping company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.07. The shipping company earned $196.75 million during the quarter, compared to the consensus estimate of $187.19 million. Golden Ocean Group had a net margin of 12.68% and a trailing twelve-month return on equity of 5.91%. How often does Golden Ocean Group pay dividends? What is the dividend yield for Golden Ocean Group? Golden Ocean Group declared a quarterly dividend on Wednesday, February 28th. Investors of record on Wednesday, March 13th will be given a dividend of $0.30 per share on Monday, March 25th. This represents a $1.20 annualized dividend and a dividend yield of 8.83%. The ex-dividend date of this dividend is Tuesday, March 12th. This is a positive change 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 9.17%. 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), Counterpoint Quantitative Equity ETF (CPAI), Cambria Foreign Shareholder Yield ETF (FYLD) and Global X MSCI Norway ETF (NORW).EA Bridgeway Omni Small-Cap Value ETF (BSVO). When did Golden Ocean Group's stock split? Golden Ocean Group shares reverse split on the morning of 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 many different institutional and retail investors. Top institutional shareholders include Folketrygdfondet (4.70%), Denali Advisors LLC (0.20%), Assenagon Asset Management S.A. (0.04%), Harbour Capital Advisors LLC (0.03%), Counterpoint Mutual Funds LLC (0.03%) and Allspring Global Investments Holdings LLC (0.01%). 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. 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