Golden Ocean Group (GOGL) Expected to Announce Earnings on Wednesday

Golden Ocean Group (NASDAQ:GOGL) is projected to release its Q1 2025 earnings data before the market opens on Wednesday, May 28th. Analysts expect Golden Ocean Group to post earnings of ($0.10) per share and revenue of $106.48 million for the quarter.

Golden Ocean Group Trading Down 2.5%

NASDAQ GOGL opened at $7.79 on Wednesday. Golden Ocean Group has a one year low of $6.27 and a one year high of $15.77. The company has a 50-day simple moving average of $7.61 and a 200-day simple moving average of $8.91. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market capitalization of $1.56 billion, a PE ratio of 6.44 and a beta of 1.06.

Golden Ocean Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 11th were given a $0.15 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $0.60 annualized dividend and a yield of 7.70%. Golden Ocean Group’s dividend payout ratio is presently 53.57%.

Institutional Trading of Golden Ocean Group

A hedge fund recently bought a new stake in Golden Ocean Group stock. AQR Capital Management LLC purchased a new position in shares of Golden Ocean Group Limited (NASDAQ:GOGL) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 29,696 shares of the shipping company’s stock, valued at approximately $237,000. 22.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GOGL has been the topic of several recent research reports. StockNews.com initiated coverage on shares of Golden Ocean Group in a research report on Wednesday, May 14th. They issued a “hold” rating on the stock. Jefferies Financial Group cut their price objective on shares of Golden Ocean Group from $10.00 to $8.00 and set a “hold” rating on the stock in a research report on Wednesday, April 23rd.

About Golden Ocean Group

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.