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

3 Wall Street 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 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.
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3 brokerages have issued twelve-month price targets 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 share price to reach $12.50 in the next twelve months. This suggests that the stock has a possible downside of 4.1%.
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Golden Ocean Group's stock was trading at $9.76 at the beginning of 2024. Since then, GOGL stock has increased by 33.5% and is now trading at $13.03.
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Golden Ocean Group saw a decrease in short interest in March. As of March 31st, there was short interest totaling 3,480,000 shares, a decrease of 30.3% from the March 15th total of 4,990,000 shares. Based on an average trading volume of 1,810,000 shares, the days-to-cover ratio is currently 1.9 days. Approximately 2.9% of the company's shares are short sold.
View Golden Ocean Group's Short Interest.

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

Golden Ocean Group Limited (NASDAQ:GOGL) released its earnings results on Wednesday, February, 28th. The shipping company reported $0.32 EPS 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%.

Golden Ocean Group announced a quarterly dividend on Wednesday, February 28th. Stockholders 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 9.21%. 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.

Golden Ocean Group (NASDAQ:GOGL) pays an annual dividend of $1.20 per share and currently has a dividend yield of 9.22%. 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.

ETFs with the largest weight of Golden Ocean Group (NASDAQ:GOGL) stock in their portfolio include SonicShares Global Shipping ETF (BOAT) and Global X MSCI Norway ETF (NORW).EA Bridgeway Omni Small-Cap Value ETF (BSVO).

Golden Ocean Group's stock 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 closing bell 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.

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).

Golden Ocean Group's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Folketrygdfondet (4.70%) and Counterpoint Mutual Funds LLC (0.03%).

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.
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