Golden Ocean Group Stock Forecast, Price & News

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

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.

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).

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

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%).

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.

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.

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

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.

Golden Ocean Group employs 37 workers across the globe.

Golden Ocean Group was founded in 2004.

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.