NASDAQ:GOGL Golden Ocean Group (GOGL) Stock Forecast, Price & News $7.69 +0.24 (+3.22%) (As of 09/22/2023 ET) Add Compare Share Share Today's Range$7.60▼$7.7250-Day Range$6.90▼$7.8452-Week Range$6.89▼$10.58Volume1.07 million shsAverage Volume1.56 million shsMarket Capitalization$1.54 billionP/E Ratio7.77Dividend Yield5.20%Price Target$9.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Golden Ocean Group MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside17.0% Upside$9.00 Price TargetShort InterestBearish5.45% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.40Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth150.00%From $0.36 to $0.90 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.31 out of 5 starsIndustrials Sector27th out of 52 stocksMarine Shipping Industry1st out of 3 stocks 2.2 Analyst's Opinion Consensus RatingGolden Ocean Group has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $9.00, Golden Ocean Group has a forecasted upside of 17.0% from its current price of $7.69.Amount of Analyst CoverageGolden Ocean Group has only been the subject of 2 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted5.45% of the float of Golden Ocean Group has been sold short.Short Interest Ratio / Days to CoverGolden Ocean Group has a short interest ratio ("days to cover") of 4.9.Change versus previous monthShort interest in Golden Ocean Group has recently increased by 12.95%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipGolden Ocean Group is a leading dividend payer. It pays a dividend yield of 5.28%, 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 40.40%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Golden Ocean Group will have a dividend payout ratio of 44.44% next year. This indicates that Golden Ocean Group will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for GOGL. Previous Next 2.4 News and Social Media Coverage News SentimentGolden Ocean Group has a news sentiment score of 0.40. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Industrials companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Golden Ocean Group this week, compared to 2 articles on an average week.Search InterestOnly 15 people have searched for GOGL on MarketBeat in the last 30 days. This is a decrease of -59% compared to the previous 30 days.MarketBeat Follows5 people have added Golden Ocean Group to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days. 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 19.98% of the stock of Golden Ocean Group is held by institutions. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Golden Ocean Group are expected to grow by 150.00% in the coming year, from $0.36 to $0.90 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Golden Ocean Group is 7.77, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.54.Price to Earnings Ratio vs. SectorThe P/E ratio of Golden Ocean Group is 7.77, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 475.88.Price to Book Value per Share RatioGolden Ocean Group has a P/B Ratio of 0.80. 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) StockGolden 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.Read More GOGL Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GOGL Stock News HeadlinesSeptember 19, 2023 | seekingalpha.comGolden Ocean Group: Buy This Stock For Solid Dividend And UpsideSeptember 18, 2023 | markets.businessinsider.comGolden Ocean Group (GOGL) was downgraded to a Hold Rating at Cleaves SecuritiesSeptember 22, 2023 | Legacy Research (Ad)Elon Did It Again: This Could be Bigger than TeslaLove him or hate him, it’s hard to deny Elon Musk is a genius. After revolutionizing online payment processing (PayPal), space exploration (SpaceX), and the auto industry (Tesla)... He’s getting ready to do it again with his new AI venture.September 17, 2023 | seekingalpha.comGolden Ocean Group: Industry Leader Trading At Discounted Valuation - BuyAugust 30, 2023 | finance.yahoo.comGolden Ocean Group Limited (NASDAQ:GOGL) Q2 2023 Earnings Call TranscriptAugust 30, 2023 | msn.comJefferies Maintains Golden Ocean Group (GOGL) Hold RecommendationAugust 30, 2023 | markets.businessinsider.comJefferies Remains a Hold on Golden Ocean Group (GOGL)August 29, 2023 | seekingalpha.comGolden Ocean declares $0.10 dividendSeptember 22, 2023 | Legacy Research (Ad)Elon Did It Again: This Could be Bigger than TeslaLove him or hate him, it’s hard to deny Elon Musk is a genius. After revolutionizing online payment processing (PayPal), space exploration (SpaceX), and the auto industry (Tesla)... He’s getting ready to do it again with his new AI venture.August 29, 2023 | finance.yahoo.comGolden Ocean Group (GOGL) Q2 Earnings and Revenues Beat EstimatesAugust 29, 2023 | finance.yahoo.comGOGL – Q2 2023 PresentationAugust 29, 2023 | finanznachrichten.deGolden Ocean Group Limited: GOGL - Second Quarter 2023 ResultsAugust 29, 2023 | finance.yahoo.comGOGL – Second Quarter 2023 ResultsAugust 28, 2023 | benzinga.comEarnings Outlook For Golden Ocean GroupAugust 27, 2023 | finance.yahoo.comInvestors Will Want Golden Ocean Group's (NASDAQ:GOGL) Growth In ROCE To PersistAugust 22, 2023 | finance.yahoo.comGOGL – Invitation to presentation of Q2 2023 ResultsAugust 15, 2023 | markets.businessinsider.comCleaves Securities Remains a Buy on Golden Ocean Group (GOGL)August 11, 2023 | finance.yahoo.comInvestors in Golden Ocean Group (NASDAQ:GOGL) have seen solid returns of 176% over the past three yearsJuly 22, 2023 | msn.comBTIG Maintains Golden Ocean Group (GOGL) Buy RecommendationJune 27, 2023 | finanznachrichten.deGolden Ocean Group Limited: Transactions made under the buy-back programJune 27, 2023 | finance.yahoo.comTransactions made under the buy-back programJune 8, 2023 | msn.comGolden Ocean: Fundamentals And Future Supply And Demand Supports Our Buy StanceJune 7, 2023 | msn.comJefferies Maintains Golden Ocean Group (GOGL) Prior RecommendationJune 7, 2023 | seekingalpha.comGolden Ocean Group Stock Is A Solid Buy For The Long TermJune 7, 2023 | markets.businessinsider.comAnalysts Conflicted on These Industrial Goods Names: Golden Ocean Group (GOGL), Old Dominion Freight (ODFL) and CH Robinson (CHRW)June 1, 2023 | finance.yahoo.comPrivate companies among Golden Ocean Group Limited's (NASDAQ:GOGL) largest stockholders and were hit after last week's 9.1% price dropJune 1, 2023 | msn.comGolden Ocean Group names new CEOSee More Headlines 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 Company Calendar Last Earnings8/29/2023Ex-Dividend for 9/19 Dividend9/08/2023Dividend Payable9/19/2023Today9/22/2023Next Earnings (Estimated)11/15/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Marine Shipping Sub-IndustryOil & Gas Storage & Transportation SectorIndustrials Current SymbolNASDAQ:GOGL Previous SymbolNASDAQ:VLCCF CUSIPG5299G10 CIK1029145 Webwww.goldenocean.bm Phone(441) 295-6935Fax1-441-295-3494Employees38Year Founded2004Price Target and Rating Average Stock Price Forecast$9.00 High Stock Price Forecast$10.00 Low Stock Price Forecast$8.00 Forecasted Upside/Downside+17.0%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$0.99 Trailing P/E Ratio7.77 Forward P/E Ratio21.36 P/E GrowthN/ANet Income$461.85 million Net Margins21.12% Pretax Margin21.16% Return on Equity10.19% Return on Assets5.78% Debt Debt-to-Equity Ratio0.71 Current Ratio1.12 Quick Ratio1.12 Sales & Book Value Annual Sales$1.11 billion Price / Sales1.38 Cash Flow$2.87 per share Price / Cash Flow2.68 Book Value$9.56 per share Price / Book0.80Miscellaneous Outstanding Shares200,490,000Free FloatN/AMarket Cap$1.54 billion OptionableOptionable Beta1.25 Social Links (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. Get This Free Report Key ExecutivesMr. 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 BrathHead of Global OperationsKey CompetitorsTeekay TankersNYSE:TNKGolar LNGNASDAQ:GLNGNordic American TankersNYSE:NATInternational SeawaysNYSE:INSWCoolNYSE:CLCOView All CompetitorsInstitutional OwnershipWolverine Trading LLCBought 8,600 shares on 8/23/2023Ownership: 0.000%Osaic Holdings Inc.Bought 7,385 shares on 8/21/2023Ownership: 0.022%California State Teachers Retirement SystemSold 4,679 shares on 8/21/2023Ownership: 0.020%VisionPoint Advisory Group LLCBought 4,095 shares on 8/21/2023Ownership: 0.002%Citadel Advisors LLCSold 18,800 shares on 8/15/2023Ownership: 0.000%View All Institutional Transactions GOGL Stock - Frequently Asked Questions Should I buy or sell Golden Ocean Group stock right now? 3 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 and 1 buy rating 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. What is Golden Ocean Group's stock price forecast for 2023? 3 Wall Street research analysts have issued 12 month price objectives for Golden Ocean Group's stock. Their GOGL share price forecasts range from $8.00 to $10.00. On average, they expect the company's share price to reach $9.00 in the next year. This suggests a possible upside of 17.0% 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 shares have decreased by 11.5% and is now trading at $7.69. View the best growth stocks for 2023 here. Are investors shorting Golden Ocean Group? Golden Ocean Group saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 6,540,000 shares, an increase of 13.0% from the August 15th total of 5,790,000 shares. Based on an average daily trading volume, of 1,330,000 shares, the short-interest ratio is currently 4.9 days. Approximately 5.5% of the shares of the 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) released its quarterly earnings data on Tuesday, August, 29th. The shipping company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.04. The shipping company had revenue of $153.99 million for the quarter, compared to the consensus estimate of $140.90 million. Golden Ocean Group had a trailing twelve-month return on equity of 10.19% and a net margin of 21.12%. 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. Stockholders of record on Monday, September 11th will be paid a dividend of $0.10 per share on Tuesday, September 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.20%. The ex-dividend date of this dividend 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 5.28%. 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 shares 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. 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 retail and institutional investors. Top institutional investors include BlackRock Inc. (3.08%), State Street Corp (0.96%), Mirabella Financial Services LLP (0.78%), Geode Capital Management LLC (0.70%), Citigroup Inc. (0.69%) and Goldman Sachs Group Inc. (0.61%). 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 $7.69. How much money does Golden Ocean Group make? 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 $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 9/22/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access 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. Get 30 Days of MarketBeat All Access Free 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. 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