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NASDAQ:GOGL

Golden Ocean Group Stock Forecast, Price & News

$11.43
-0.28 (-2.39%)
(As of 06/24/2022 04:00 PM ET)
Add
Compare
Today's Range
$11.40
$11.84
50-Day Range
$11.43
$16.06
52-Week Range
$7.59
$16.46
Volume
19.67 million shs
Average Volume
4.10 million shs
Market Capitalization
$1.64 billion
P/E Ratio
3.66
Dividend Yield
17.08%
Price Target
$12.25
30 days | 90 days | 365 days | Advanced Chart

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GOGL Stock Forecast (MarketRank)

Overall MarketRank

2.10 out of 5 stars

Transportation Sector

77th out of 169 stocks

Water Transportation Industry

9th out of 24 stocks

Analyst Opinion: 2.0Community Rank: 4.1Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -
Golden Ocean Group logo

About Golden Ocean Group (NASDAQ:GOGL)

Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels comprising Newcastlemax, Capesize, Panamax, and Ultramax vessels worldwide. It owns and operates dry bulk vessels in the spot and time charter markets. The company transports bulk commodities, such as ores, coal, grains, and fertilizers. As of March 23, 2022, it owned a fleet of 81 dry bulk vessels. Golden Ocean Group Limited is based in Hamilton, Bermuda.

GOGL Stock News Headlines

See More Headlines

Industry, Sector and Symbol

Industry
Water transportation
Sub-Industry
Oil & Gas Storage & Transportation
Current Symbol
NASDAQ:GOGL
Previous Symbol
NASDAQ:VLCCF
CUSIP
G5299G10
Employees
37
Year Founded
2004

Company Calendar

Last Earnings
5/18/2022
Ex-Dividend for 6/8 Dividend
5/31/2022
Dividend Payable
6/08/2022
Today
6/24/2022
Next Earnings (Estimated)
8/25/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$13.00
High Stock Price Forecast
$13.00
Low Stock Price Forecast
$13.00
Forecasted Upside/Downside
+7.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.66666666666667
Research Coverage
1 Analysts

Profitability

Net Income
$527.22 million
Pretax Margin
48.03%

Debt

Sales & Book Value

Annual Sales
$1.20 billion
Cash Flow
$4.41 per share
Book Value
$13.46 per share

Miscellaneous

Free Float
N/A
Market Cap
$1.64 billion
Optionable
Optionable
Beta
1.27

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Golden Ocean Group Frequently Asked Questions

Should I buy or sell Golden Ocean Group stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Golden Ocean Group in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" Golden Ocean Group stock. 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 analyst ratings for Golden Ocean Group
or view top-rated stocks.

What is Golden Ocean Group's stock price forecast for 2022?

1 Wall Street research analysts have issued 12-month price objectives for Golden Ocean Group's shares. Their GOGL stock forecasts range from $13.00 to $13.00. On average, they anticipate Golden Ocean Group's stock price to reach $13.00 in the next year. This suggests a possible upside of 13.7% from the stock's current price.
View analysts' price targets for Golden Ocean Group
or view top-rated stocks among Wall Street analysts.

How has Golden Ocean Group's stock price performed in 2022?

Golden Ocean Group's stock was trading at $9.30 on January 1st, 2022. Since then, GOGL shares have increased by 22.9% and is now trading at $11.43.
View the best growth stocks for 2022 here
.

Are investors shorting Golden Ocean Group?

Golden Ocean Group saw a increase in short interest in May. As of May 31st, there was short interest totaling 4,830,000 shares, an increase of 59.9% from the May 15th total of 3,020,000 shares. Based on an average daily volume of 4,180,000 shares, the short-interest ratio is currently 1.2 days. Approximately 4.0% of the company's stock are short sold.
View Golden Ocean Group's Short Interest
.

When is Golden Ocean Group's next earnings date?

Golden Ocean Group is scheduled to release its next quarterly earnings announcement on Thursday, August 25th 2022.
View our earnings forecast for Golden Ocean Group
.

How were Golden Ocean Group's earnings last quarter?

Golden Ocean Group Limited (NASDAQ:GOGL) issued its quarterly earnings data on Wednesday, May, 18th. The shipping company reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.18. Golden Ocean Group had a trailing twelve-month return on equity of 32.03% and a net margin of 48.00%. During the same quarter in the prior year, the business posted $0.14 earnings per share.
View Golden Ocean Group's earnings history
.

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 Thursday, May 19th. Investors of record on Wednesday, June 1st will be given a dividend of $0.50 per share on Wednesday, June 8th. This represents a $2.00 annualized dividend and a yield of 17.50%. The ex-dividend date is Tuesday, May 31st.
View Golden Ocean Group's dividend history
.

Is Golden Ocean Group a good dividend stock?

Golden Ocean Group(NASDAQ:GOGL) pays an annual dividend of $2.00 per share and currently has a dividend yield of 17.08%. GOGL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Golden Ocean Group is 64.10%. This payout ratio is at a healthy, sustainable level, below 75%.
View Golden Ocean Group's dividend history.

When did Golden Ocean Group's stock split? How did Golden Ocean Group's stock split work?

Shares of Golden Ocean Group 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 closing bell on Friday, July 29th 2016. An investor that had 100 shares of Golden Ocean Group stock prior to the reverse split would have 20 shares after the split.

Who are Golden Ocean Group's key executives?

Golden Ocean Group's management team includes the following people:
  • Mr. Ulrik Uhrenfeldt Andersen, Chief Exec. Officer of Golden Ocean Management AS (Age 43)
  • Mr. Peder Carl Gram Simonsen, Chief Financial Officer of Golden Ocean Management AS (Age 48)
  • Mr. Lars-Christian Svensen, Chief Commercial Officer of Golden Ocean Management AS (Age 36)
  • Mr. Tord Brath, Head of Global Operations

What other stocks do shareholders of Golden Ocean Group own?

What is Golden Ocean Group's stock symbol?

Golden Ocean Group trades on the NASDAQ under the ticker symbol "GOGL."

Who are Golden Ocean Group's major shareholders?

Golden Ocean Group's stock is owned by many different institutional and retail investors. Top institutional investors include Goldman Sachs Group Inc. (5.91%), Renaissance Technologies LLC (2.55%), Acadian Asset Management LLC (1.29%), Russell Investments Group Ltd. (1.06%), Mirae Asset Global Investments Co. Ltd. (0.59%) and Mirae Asset Global Investments Co. Ltd. (0.59%).

Which institutional investors are selling Golden Ocean Group stock?

GOGL stock was sold by a variety of institutional investors in the last quarter, including Folketrygdfondet, Arrowstreet Capital Limited Partnership, Russell Investments Group Ltd., Citigroup Inc., Acadian Asset Management LLC, Invesco Ltd., GSA Capital Partners LLP, and Bramshill Investments LLC.

Which institutional investors are buying Golden Ocean Group stock?

GOGL stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Goldman Sachs Group Inc., Mirae Asset Global Investments Co. Ltd., Mirae Asset Global Investments Co. Ltd., JPMorgan Chase & Co., National Bank of Canada FI, Seven Eight Capital LP, and Healthcare of Ontario Pension Plan Trust Fund.

How do I buy shares of Golden Ocean Group?

Shares of GOGL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Golden Ocean Group's stock price today?

One share of GOGL stock can currently be purchased for approximately $11.43.

How much money does Golden Ocean Group make?

Golden Ocean Group (NASDAQ:GOGL) has a market capitalization of $1.64 billion and generates $1.20 billion in revenue each year. The shipping company earns $527.22 million in net income (profit) each year or $3.119990 on an earnings per share basis.

How many employees does Golden Ocean Group have?

Golden Ocean Group employs 37 workers across the globe.

When was Golden Ocean Group founded?

Golden Ocean Group was founded in 2004.

How can I contact Golden Ocean Group?

Golden Ocean Group's mailing address is PAR LA VILLE PLACE 4TH FLOOR 14 PAR LA VILLE ROAD, HAMILTON HM 08 D0, HM 08. The official website for Golden Ocean Group is www.goldenocean.bm. The shipping company can be reached via phone at (441) 295-6935, via email at [email protected], or via fax at 1-441-295-3494.

This page (NASDAQ:GOGL) was last updated on 6/24/2022 by MarketBeat.com Staff

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