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

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Golden Ocean Group in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street 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.

2 Wall Street analysts have issued twelve-month price targets for Golden Ocean Group's stock. Their GOGL share price forecasts range from $9.50 to $9.50. On average, they expect the company's share price to reach $9.50 in the next year. This suggests a possible upside of 23.7% from the stock's current price.
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Golden Ocean Group's stock was trading at $8.69 on January 1st, 2023. Since then, GOGL shares have decreased by 11.6% and is now trading at $7.68.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 24th 2023.
View our GOGL earnings forecast.

Golden Ocean Group Limited (NASDAQ:GOGL) released its quarterly earnings data on Tuesday, November, 23rd. The shipping company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.40. The shipping company had revenue of $387.62 million for the quarter, compared to the consensus estimate of $251.80 million. Golden Ocean Group had a trailing twelve-month return on equity of 17.32% and a net margin of 31.36%. During the same period in the prior year, the firm earned $0.27 earnings per share.

Golden Ocean Group announced a quarterly dividend on Tuesday, May 16th. Shareholders of record on Friday, May 26th will be paid a dividend of $0.10 per share on Tuesday, June 6th. This represents a $0.40 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date is Thursday, May 25th.
Read our dividend analysis for GOGL.

ETFs with the largest weight of Golden Ocean Group (NASDAQ:GOGL) stock in their portfolio include SonicShares Global Shipping ETF (BOAT), Cambria Foreign Shareholder Yield ETF (FYLD), Global X SuperDividend ETF (SDIV), Cambria Global Value ETF (GVAL), Distillate Small/Mid Cash Flow ETF (DSMC), First Trust Developed Markets ex-US Small Cap AlphaDEX Fund (FDTS), Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) and Pacer Industrials and Logistics ETF (SHPP).

Golden Ocean Group (NASDAQ:GOGL) pays an annual dividend of $0.40 per share and currently has a dividend yield of 5.26%. GOGL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 24.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GOGL will have a dividend payout ratio of 42.55% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GOGL.

Golden Ocean Group's stock reverse split before market open on 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 stock prior to the reverse split would have 20 shares after the split.

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 a number of institutional and retail investors. Top institutional shareholders include Folketrygdfondet (4.24%), BlackRock Inc. (3.06%), State Street Corp (0.95%), FMR LLC (0.86%), Geode Capital Management LLC (0.66%) and Russell Investments Group Ltd. (0.66%).

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.
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One share of GOGL stock can currently be purchased for approximately $7.68.

Golden Ocean Group (NASDAQ:GOGL) has a market capitalization of $1.54 billion and generates $1.11 billion in revenue each year. The shipping company earns $461.85 million in net income (profit) each year or $1.63 on an earnings per share basis.

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.