NASDAQ:GOGL Golden Ocean Group Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. $11.43 -0.28 (-2.39%) (As of 06/24/2022 04:00 PM ET) Add Compare Share Today's Range$11.40▼$11.8450-Day Range$11.43▼$16.0652-Week Range$7.59▼$16.46Volume19.67 million shsAverage Volume4.10 million shsMarket Capitalization$1.64 billionP/E Ratio3.66Dividend Yield17.08%Price Target$12.25 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 GOGL Stock Forecast (MarketRank)Overall MarketRank™2.10 out of 5 starsTransportation Sector77th out of 169 stocksWater Transportation Industry9th out of 24 stocksAnalyst Opinion: 2.0Community Rank: 4.1Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 - 2.0 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, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $13.00, Golden Ocean Group has a forecasted upside of 13.7% from its current price of $11.43.Amount of Analyst CoverageGolden Ocean Group has only been the subject of 1 research reports in the past 90 days. Previous Next 4.1 Community Rank Outperform VotesGolden Ocean Group has received 369 “outperform” votes. (Add your “outperform” vote.)Underperform VotesGolden Ocean Group has received 226 “underperform” votes. (Add your “underperform” vote.)Community SentimentGolden Ocean Group has received 62.02% “outperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Golden Ocean Group and other stocks. Vote “Outperform” if you believe GOGL will outperform the S&P 500 over the long term. Vote “Underperform” if you believe GOGL will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 2.5 Dividend Strength Dividend LeadershipGolden Ocean Group is a leading dividend payer. It pays a dividend yield of 17.08%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthGolden Ocean Group does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Golden Ocean Group is 64.10%. This payout ratio is at a healthy, sustainable level, below 75%. 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 28.68% of the stock of Golden Ocean Group is held by institutions. Previous Next 1.9 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Golden Ocean Group is 3.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 13.65.Price to Earnings Ratio vs. SectorThe P/E ratio of Golden Ocean Group is 3.66, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 7.17.Price to Book Value per Share RatioGolden Ocean Group has a P/B Ratio of 0.85. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here 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.Read More GOGL Stock News HeadlinesJune 24, 2022 | americanbankingnews.comGolden Ocean Group (NASDAQ:GOGL) Shares Down 7.2% June 15, 2022 | finance.yahoo.com9 Best Shipping Stocks That Pay DividendsJune 10, 2022 | americanbankingnews.comGolden Ocean Group (NASDAQ:GOGL) Shares Gap Down to $15.69June 2, 2022 | americanbankingnews.comGolden Ocean Group (NASDAQ:GOGL) Shares Gap Down to $15.85May 24, 2022 | seekingalpha.comGolden Ocean declares $0.50 dividendMay 21, 2022 | finance.yahoo.comBullish: Analysts Just Made A Massive Upgrade To Their Golden Ocean Group Limited (NASDAQ:GOGL) ForecastsMay 20, 2022 | finance.yahoo.comH.C. Wainwright Bumps Up Price Target On This Dry Bulk Shipping Company - Read WhyMay 19, 2022 | finance.yahoo.comGOGL - Mandatory notification of trade by primary insidersMay 19, 2022 | finance.yahoo.comShipping Stocks: Golden Ocean Earnings Soar, Following Hot Results From Zim, DanaosMay 19, 2022 | seekingalpha.comGolden Ocean Group sails higher on earnings beat, bullish forecastMay 19, 2022 | seekingalpha.comGolden Ocean Group Limited (GOGL) CEO Ulrik Andersen on Q1 2022 Results - Earnings Call TranscriptMay 19, 2022 | finance.yahoo.comGOGL – Q1 2022 PresentationMay 19, 2022 | finance.yahoo.comStock Market Indexes Mixed As Cisco Sell-Off Hits Dow; S&P 500 Nears This Bearish MarkSee More Headlines Industry, Sector and Symbol Stock ExchangeNASDAQ Industry Water transportation Sub-IndustryOil & Gas Storage & Transportation SectorTransportation Current SymbolNASDAQ:GOGL Previous SymbolNASDAQ:VLCCF CUSIPG5299G10 CIK1029145 Webwww.goldenocean.bm Phone(441) 295-6935Fax1-441-295-3494Employees37Year Founded2004Company Calendar Last Earnings5/18/2022Ex-Dividend for 6/8 Dividend5/31/2022Dividend Payable6/08/2022Today6/24/2022Next Earnings (Estimated)8/25/2022Fiscal Year End12/31/2022Price 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 RatingModerate Buy Rating Score (0-4)2.66666666666667 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$3.119990 Trailing P/E Ratio3.66 Forward P/E RatioN/A P/E GrowthN/ANet Income$527.22 million Net Margins48.00% Pretax Margin48.03% Return on Equity32.03% Return on Assets17.34% Debt Debt-to-Equity Ratio0.65 Current Ratio1.21 Quick Ratio1.21 Sales & Book Value Annual Sales$1.20 billion Price / Sales1.36 Cash Flow$4.41 per share Price / Cash Flow2.59 Book Value$13.46 per share Price / Book0.85Miscellaneous Outstanding Shares143,328,000Free FloatN/AMarket Cap$1.64 billion OptionableOptionable Beta1.27 Social Links 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 Who are some of Golden Ocean Group's key competitors? Some companies that are related to Golden Ocean Group include Kinder Morgan (KMI), Williams Companies (WMB), Cheniere Energy (LNG), Targa Resources (TRGP), Golar LNG (GLNG), Scorpio Tankers (STNG), Frontline (FRO), SFL (SFL), Teekay Tankers (TNK), Nordic American Tankers (NAT) and Teekay (TK). View all of GOGL's competitors. 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). 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 30 Days of MarketBeat All Access for $1.00 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. 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