NASDAQ:GOGL Golden Ocean Group (GOGL) Stock Price, News & Analysis → Protect Your Bank Account Before It’s Too Late (From Weiss Ratings) (Ad) Free GOGL Stock Alerts $14.50 +0.46 (+3.28%) (As of 05/24/2024 08:50 PM ET) Add Compare Share Share Today's Range$14.37▼$14.6050-Day Range$12.54▼$15.7752-Week Range$6.89▼$15.77Volume2.10 million shsAverage Volume1.79 million shsMarket Capitalization$2.89 billionP/E Ratio15.59Dividend Yield8.28%Price Target$12.75 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Golden Ocean Group alerts: Email Address Golden Ocean Group MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside12.1% Downside$12.75 Price TargetShort InterestHealthy3.25% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.37Based on 22 Articles This WeekInsider TradingN/AProj. Earnings Growth22.38%From $1.43 to $1.75 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.1.67 out of 5 starsTransportation Sector89th out of 111 stocksWater Transportation Industry13th out of 16 stocks 1.0 Analyst's Opinion Consensus RatingGolden Ocean Group has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 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.Read more about Golden Ocean Group's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.25% 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 2.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Golden Ocean Group has recently increased by 1.85%, indicating that investor sentiment is decreasing. Previous Next 2.5 Dividend Strength Dividend LeadershipGolden Ocean Group is a leading dividend payer. It pays a dividend yield of 8.28%, 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 129.03%. 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 68.57% next year. This indicates that Golden Ocean Group will be able to sustain or increase its dividend.Read more about Golden Ocean Group's 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 2.4 News and Social Media Coverage News SentimentGolden Ocean Group has a news sentiment score of 0.37. 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 0.62 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 22 news articles for Golden Ocean Group this week, compared to 2 articles on an average week.Search InterestOnly 14 people have searched for GOGL on MarketBeat in the last 30 days. This is a decrease of -13% compared to the previous 30 days.MarketBeat Follows7 people have added Golden Ocean Group to their MarketBeat watchlist in the last 30 days. This is an increase of 133% 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.Read more about Golden Ocean Group's insider trading history. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Golden Ocean Group are expected to grow by 22.38% in the coming year, from $1.43 to $1.75 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Golden Ocean Group is 15.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.99.Price to Earnings Ratio vs. SectorThe P/E ratio of Golden Ocean Group is 15.59, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 21.26.Price to Book Value per Share RatioGolden Ocean Group has a P/B Ratio of 1.50. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Golden Ocean Group's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad InvestorPlaceMan who spotted Apple at $1.49 says: “Buy These 6 AI Stocks.”Man who spotted Apple at $1.49 says: "Buy These 6 AI Stocks."And these will be the biggest winners 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 HeadlinesMay 26 at 2:18 AM | americanbankingnews.comGolden Ocean Group (NASDAQ:GOGL) Shares Gap Up to $14.04May 25 at 12:34 AM | seekingalpha.comGolden Ocean Group Limited (GOGL) Q1 2024 Earnings Call TranscriptMay 24 at 5:52 AM | americanbankingnews.comGolden Ocean Group (NASDAQ:GOGL) Rating Increased to Hold at StockNews.comMay 23, 2024 | msn.comGolden Ocean Group Limited (NASDAQ:GOGL) Q1 2024 Earnings Call TranscriptMay 23, 2024 | americanbankingnews.comGolden Ocean Group (NASDAQ:GOGL) Downgraded to "Hold" at Jefferies Financial GroupMay 22, 2024 | msn.comGolden Ocean declares $0.30 dividendMay 22, 2024 | seekingalpha.comGolden Ocean Group Limited 2024 Q1 - Results - Earnings Call PresentationMay 22, 2024 | investorplace.comGOGL Stock Earnings: Golden Ocean Group Beats EPS, Beats Revenue for Q1 2024May 22, 2024 | globenewswire.comGOGL – Q1 2024 PresentationMay 22, 2024 | finanznachrichten.deGolden Ocean Group Limited: GOGL - First Quarter 2024 ResultsMay 22, 2024 | sfgate.comGolden Ocean Group: Q1 Earnings SnapshotMay 22, 2024 | globenewswire.comGOGL – First Quarter 2024 ResultsMay 13, 2024 | globenewswire.comGOGL – Invitation to presentation of Q1 2024 ResultsApril 30, 2024 | finance.yahoo.comGolden Ocean Group Limited's (NASDAQ:GOGL) largest shareholders are private companies who were rewarded as market cap surged US$156m last weekApril 29, 2024 | msn.comMatson Q1 2024 Earnings PreviewApril 29, 2024 | finanznachrichten.deGolden Ocean Group Limited: GOGL - 2024 AGM Results NotificationApril 29, 2024 | globenewswire.comGOGL – 2024 AGM Results NotificationApril 19, 2024 | msn.comGolden Ocean Group (GOGL) Stock Moves -0.54%: What You Should KnowApril 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?March 27, 2024 | finanznachrichten.deGolden Ocean Group Limited: GOGL - Notice of Annual General Meeting 2024March 26, 2024 | globenewswire.comGOGL – Notice of Annual General Meeting 2024See 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 Payable3/25/2024Today5/26/2024Ex-Dividend for 6/17 Dividend6/07/2024Dividend Payable6/17/2024Next Earnings (Estimated)9/03/2024Fiscal 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$12.75 High Stock Price Target$15.50 Low Stock Price Target$10.00 Potential Upside/Downside-12.1%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$0.93 Trailing P/E Ratio15.59 Forward P/E Ratio10.14 P/E GrowthN/ANet Income$112.27 million Net Margins19.92% Pretax Margin19.98% Return on Equity8.67% Return on Assets4.71% Debt Debt-to-Equity Ratio0.68 Current Ratio1.25 Quick Ratio1.05 Sales & Book Value Annual Sales$885.77 million Price / Sales3.27 Cash Flow$1.28 per share Price / Cash Flow11.29 Book Value$9.66 per share Price / Book1.50Miscellaneous Outstanding Shares199,630,000Free FloatN/AMarket Cap$2.89 billion OptionableOptionable Beta1.32 Social Links Beginners Guide To Retirement StocksClick the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio. 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 OwnershipBridgeway Capital Management LLCBought 211,629 shares on 5/16/2024Ownership: 0.780%California State Teachers Retirement SystemSold 7,882 shares on 5/16/2024Ownership: 0.006%Bayesian Capital Management LPBought 11,624 shares on 5/16/2024Ownership: 0.006%Price T Rowe Associates Inc. MDBought 4,858 shares on 5/15/2024Ownership: 0.018%Lazard Asset Management LLCBought 11,541 shares on 5/15/2024Ownership: 0.006%View All Institutional Transactions GOGL Stock Analysis - Frequently Asked Questions Should I buy or sell Golden Ocean Group stock right now? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Golden Ocean Group in the last year. There are currently 2 hold ratings 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. View GOGL analyst ratings or view top-rated stocks. What is Golden Ocean Group's stock price target for 2024? 2 Wall Street research analysts have issued 1 year price objectives for Golden Ocean Group's shares. Their GOGL share price targets range from $10.00 to $15.50. On average, they predict the company's stock price to reach $12.75 in the next twelve months. This suggests that the stock has a possible downside of 12.1%. 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 at the start of the year. Since then, GOGL shares have increased by 48.6% and is now trading at $14.50. View the best growth stocks for 2024 here. When is Golden Ocean Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, September 3rd 2024. View our GOGL earnings forecast. How were Golden Ocean Group's earnings last quarter? Golden Ocean Group Limited (NASDAQ:GOGL) posted its earnings results on Wednesday, February, 28th. The shipping company reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.07. The shipping company had revenue of $196.75 million for the quarter, compared to analyst estimates of $187.19 million. Golden Ocean Group had a trailing twelve-month return on equity of 8.67% and a net margin of 19.92%. 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, May 22nd. Investors of record on Friday, June 7th will be given a dividend of $0.30 per share on Monday, June 17th. This represents a $1.20 dividend on an annualized basis and a yield of 8.28%. The ex-dividend date of this dividend is Friday, June 7th. 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 8.28%. 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 129.03%. 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 68.57% 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), Global X MSCI Norway ETF (NORW) and EA Bridgeway Omni Small-Cap Value ETF (BSVO).Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN). When did Golden Ocean Group's stock split? Golden Ocean Group's stock reverse split 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. 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 variety of institutional and retail investors. Top institutional shareholders include Folketrygdfondet (4.70%), Vanguard Group Inc. (2.60%), Bridgeway Capital Management LLC (0.78%), Hosking Partners LLP (0.70%), Empowered Funds LLC (0.41%) and Mirae Asset Global Investments Co. Ltd. (0.39%). 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 5/27/2024 by MarketBeat.com Staff From Our PartnersBuy this small stock before coming AI Tidal WaveChaikin AnalyticsTop 5 AI Stocks to Buy for 2024Market Moving TrendsForget Bitcoin: This $8 Stock Is the Next Big ThingBehind the MarketsElon’s New Device is About to Shock the WorldInvestorPlaceTech GIANT’s Plans to Revolutionize Crypto…Crypto 101 MediaClaim Your Complimentary Bitcoin RewardCrypto Swap ProfitsA letter is coming from the "Bureau of the Fiscal Service".Stansberry ResearchNew Options need New Trading StrategiesNetpicks 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. Adding Golden Ocean Group Limited Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
