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NVDA   439.51 (+1.00%)
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NASDAQ:GOGL

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

$7.68
-0.18 (-2.29%)
(As of 11:57 AM ET)
Compare
Today's Range
$7.51
$7.75
50-Day Range
$6.90
$7.95
52-Week Range
$6.89
$10.58
Volume
666,551 shs
Average Volume
1.54 million shs
Market Capitalization
$1.54 billion
P/E Ratio
7.76
Dividend Yield
5.21%
Price Target
$9.00

Golden Ocean Group MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
18.9% Upside
$9.00 Price Target
Short Interest
Bearish
6.11% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.84mentions of Golden Ocean Group in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
150.00%
From $0.36 to $0.90 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.34 out of 5 stars

Transportation Sector

60th out of 118 stocks

Water Transportation Industry

12th out of 17 stocks


GOGL stock logo

About Golden Ocean Group (NASDAQ:GOGL) Stock

Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels worldwide. It operates dry bulk vessels comprising of Newcastlemax, Capesize, Panamax, and Ultramax vessels in the spot and time charter markets. The company's vessels transport a range of bulk commodities, such as ores, coal, grains, and fertilizers. As of March 16, 2023, it owned a fleet of 74 dry bulk vessels. The company is based in Hamilton, Bermuda.

GOGL Price History

GOGL Stock News Headlines

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1907, 1929, 1998, 2007--and now 2023?
Analyst who called Lehman Bros. collapse says exact same scenario that occurred in 4 of America’s biggest economic calamities is unfolding again now. More here.
Jefferies Remains a Hold on Golden Ocean Group (GOGL)
Golden Ocean declares $0.10 dividend
GOGL – Q2 2023 Presentation
GOGL – Second Quarter 2023 Results
Earnings Outlook For Golden Ocean Group
GOGL – Invitation to presentation of Q2 2023 Results
Cleaves Securities Remains a Buy on Golden Ocean Group (GOGL)
Transactions made under the buy-back program
See More Headlines
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GOGL Company Calendar

Last Earnings
8/29/2023
Ex-Dividend for 9/19 Dividend
9/08/2023
Dividend Payable
9/19/2023
Today
10/04/2023
Next Earnings (Estimated)
11/15/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Water transportation
Sub-Industry
Oil & Gas Storage & Transportation
Current Symbol
NASDAQ:GOGL
Previous Symbol
NASDAQ:VLCCF
CUSIP
G5299G10
Employees
38
Year Founded
2004

Price Target and Rating

Average Stock Price Forecast
$9.00
High Stock Price Forecast
$10.00
Low Stock Price Forecast
$8.00
Forecasted Upside/Downside
+18.9%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$461.85 million
Pretax Margin
21.16%

Debt

Sales & Book Value

Annual Sales
$1.11 billion
Cash Flow
$2.68 per share
Book Value
$9.56 per share

Miscellaneous

Free Float
N/A
Market Cap
$1.52 billion
Optionable
Optionable
Beta
1.21

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Key Executives

  • Mr. Lars-Christian Svensen (Age 37)
    Interim CEO & Chief Commercial Officer of Golden Ocean Management AS
  • Mr. Peder Carl Gram Simonsen (Age 49)
    Chief Financial Officer of Golden Ocean Management AS
  • Mr. Tord Brath
    Head of Global Operations













GOGL Stock - 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 twelve months. 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 forecast for 2023?

3 equities research analysts have issued 12-month price targets for Golden Ocean Group's stock. Their GOGL share price forecasts range from $8.00 to $10.00. On average, they predict the company's stock price to reach $9.00 in the next year. This suggests a possible upside of 18.9% from the stock's current price.
View analysts price targets for GOGL
or view top-rated stocks among Wall Street analysts.

How have GOGL shares performed in 2023?

Golden Ocean Group's stock was trading at $8.69 at the start of the year. Since then, GOGL stock has decreased by 12.9% and is now trading at $7.57.
View the best growth stocks for 2023 here
.

Are investors shorting Golden Ocean Group?

Golden Ocean Group saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 7,330,000 shares, an increase of 12.1% from the August 31st total of 6,540,000 shares. Based on an average daily volume of 1,330,000 shares, the short-interest ratio is currently 5.5 days. Approximately 6.1% of the company's stock are short sold.
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 Wednesday, November 15th 2023.
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 Tuesday, August, 29th. The shipping company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.04. The shipping company earned $153.99 million during the quarter, compared to the consensus estimate of $140.90 million. Golden Ocean Group had a net margin of 21.12% and a trailing twelve-month return on equity of 10.19%.

How often does Golden Ocean Group pay dividends? What is the dividend yield for Golden Ocean Group?

Golden Ocean Group announced a quarterly dividend on Tuesday, August 29th. Investors of record on Monday, September 11th will be given a dividend of $0.10 per share on Tuesday, September 19th. This represents a $0.40 annualized dividend and a dividend yield of 5.28%. The ex-dividend date is Friday, September 8th.
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).Global X MSCI Norway ETF (NORW).

Is Golden Ocean Group a good dividend stock?

Golden Ocean Group (NASDAQ:GOGL) pays an annual dividend of $0.40 per share and currently has a dividend yield of 5.03%. GOGL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 40.40%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GOGL will have a dividend payout ratio of 44.44% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GOGL.

When did Golden Ocean Group's stock split?

Golden Ocean Group's stock 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?
What is Golden Ocean Group's stock symbol?

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

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 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 $7.57.

How much money does Golden Ocean Group make?

Golden Ocean Group (NASDAQ:GOGL) has a market capitalization of $1.52 billion and generates $1.11 billion in revenue each year. The shipping company earns $461.85 million in net income (profit) each year or $0.99 on an earnings per share basis.

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 the company is www.goldenocean.bm. The shipping company can be reached via phone at (441) 295-6935, via email at ir@goldenocean.no, or via fax at 1-441-295-3494.

This page (NASDAQ:GOGL) was last updated on 10/4/2023 by MarketBeat.com Staff

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