Golden Ocean Group Ltd Company Profile (NASDAQ:GOGL)

About Golden Ocean Group Ltd (NASDAQ:GOGL)

Golden Ocean Group Ltd logoGolden Ocean Group Limited, formerly Knightsbridge Shipping Limited, is an international dry bulk shipping company. The Company is engaged in the transportation of dry bulk cargoes. It owns and operates a fleet of dry bulk carrier vessels, focusing on the Capesize, Panamax and Supramax markets. Its vessels transport a range of major and minor bulk commodities, including ores, coal, grains and fertilizers. Its fleet includes owned vessels, bareboat vessels, chartered vessels, commercial management vessels and newbuildings. It owns over 40 dry bulk carriers and has contracts for over 20 newbuildings. It also has over 10 vessels chartered-in (of which over eight are chartered in from Ship Finance and over five are chartered in from third parties) and over one vessel chartered-in through a joint venture. Approximately six of the vessels are chartered-out on fixed rate time charters and the other operates in the spot market or fixed on index-linked time charter contracts.

Industry, Sector and Symbol:
  • Sector: Transportation
  • Industry: Shipping
  • Sub-Industry: Oil & Gas Storage & Transportation
  • Symbol: NASDAQ:GOGL
  • CUSIP: G5299G10
  • Web: www.goldenocean.bm
Capitalization:
  • Market Cap: $781.38 million
  • Outstanding Shares: 114,572,000
Average Prices:
  • 50 Day Moving Avg: $7.34
  • 200 Day Moving Avg: $5.95
  • 52 Week Range: $3.10 - $9.05
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 32.48
  • P/E Growth: 130.85
Sales & Book Value:
  • Annual Revenue: $255.81 million
  • Price / Sales: 3.05
  • Book Value: $11.69 per share
  • Price / Book: 0.58
Profitability:
  • EBIDTA: $20.46 million
  • Net Margins: -89.19%
  • Return on Equity: -10.46%
  • Return on Assets: -5.51%
Debt:
  • Debt-to-Equity Ratio: 0.87%
  • Current Ratio: 4.16%
  • Quick Ratio: 4.16%
Misc:
  • Average Volume: 532,919 shs.
  • Beta: 2.25
  • Short Ratio: 2.49
 

Frequently Asked Questions for Golden Ocean Group Ltd (NASDAQ:GOGL)

What is Golden Ocean Group Ltd's stock symbol?

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

When did Golden Ocean Group Ltd's stock split? How did Golden Ocean Group Ltd's stock split work?

Golden Ocean Group Ltd shares 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 Golden Ocean Group Ltd stock prior to the reverse split would have 20 shares after the split.

How were Golden Ocean Group Ltd's earnings last quarter?

Golden Ocean Group Ltd (NASDAQ:GOGL) issued its quarterly earnings data on Wednesday, August, 24th. The company reported ($0.37) earnings per share for the quarter, missing analysts' consensus estimates of ($0.35) by $0.02. The company earned $55.57 million during the quarter, compared to the consensus estimate of $35 million. Golden Ocean Group Ltd had a negative net margin of 89.19% and a negative return on equity of 10.46%. View Golden Ocean Group Ltd's Earnings History.

When will Golden Ocean Group Ltd make its next earnings announcement?

Golden Ocean Group Ltd is scheduled to release their next quarterly earnings announcement on Wednesday, May, 31st 2017. View Earnings Estimates for Golden Ocean Group Ltd.

Where is Golden Ocean Group Ltd's stock going? Where will Golden Ocean Group Ltd's stock price be in 2017?

7 analysts have issued twelve-month price objectives for Golden Ocean Group Ltd's stock. Their predictions range from $5.00 to $14.00. On average, they anticipate Golden Ocean Group Ltd's share price to reach $9.67 in the next twelve months. View Analyst Ratings for Golden Ocean Group Ltd.

Are investors shorting Golden Ocean Group Ltd?

Golden Ocean Group Ltd saw a decrease in short interest during the month of April. As of April 28th, there was short interest totalling 683,426 shares, a decrease of 40.4% from the April 13th total of 1,146,015 shares. Based on an average daily volume of 679,185 shares, the short-interest ratio is currently 1.0 days. Approximately 1.0% of the shares of the company are sold short.

Who are some of Golden Ocean Group Ltd's key competitors?

Who owns Golden Ocean Group Ltd stock?

Golden Ocean Group Ltd's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Folketrygdfondet (5.53%), Russell Investments Group Ltd. (1.20%), Renaissance Technologies LLC (1.04%), Credit Suisse AG (0.74%), Canyon Capital Advisors LLC (0.58%) and EAM Investors LLC (0.47%). View Institutional Ownership Trends for Golden Ocean Group Ltd.

Who sold Golden Ocean Group Ltd stock? Who is selling Golden Ocean Group Ltd stock?

Golden Ocean Group Ltd's stock was sold by a variety of institutional investors in the last quarter, including Gruss & Co. Inc., Russell Investments Group Ltd., Goldman Sachs Group Inc., Ameriprise Financial Inc., California Public Employees Retirement System and WealthTrust Axiom LLC. View Insider Buying and Selling for Golden Ocean Group Ltd.

Who bought Golden Ocean Group Ltd stock? Who is buying Golden Ocean Group Ltd stock?

Golden Ocean Group Ltd's stock was acquired by a variety of institutional investors in the last quarter, including Folketrygdfondet, Renaissance Technologies LLC, Credit Suisse AG, EAM Investors LLC, CarVal Investors LLC, UBS Group AG, JPMorgan Chase & Co. and Morgan Stanley. View Insider Buying and Selling for Golden Ocean Group Ltd.

How do I buy Golden Ocean Group Ltd stock?

Shares of Golden Ocean Group Ltd can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Golden Ocean Group Ltd stock cost?

One share of Golden Ocean Group Ltd stock can currently be purchased for approximately $6.82.

Analyst Ratings

Consensus Ratings for Golden Ocean Group Ltd (NASDAQ:GOGL) (?)
Ratings Breakdown: 1 Hold Rating, 6 Buy Ratings
Consensus Rating:Buy (Score: 2.86)
Consensus Price Target: $9.67 (41.74% upside)

Analysts' Ratings History for Golden Ocean Group Ltd (NASDAQ:GOGL)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/7/2017JPMorgan Chase & Co.UpgradeNeutral -> Overweight$6.00 -> $14.00HighView Rating Details
4/6/2017DNB MarketsUpgradeHold -> BuyHighView Rating Details
3/28/2017Morgan StanleyUpgradeUnderweight -> Overweight$2.50 -> $10.00HighView Rating Details
3/15/2017Pareto SecuritiesUpgradeHold -> BuyHighView Rating Details
11/22/2016Nordea Equity ResearchDowngradeBuy -> HoldN/AView Rating Details
9/6/2016Jefferies Group LLCReiterated RatingBuy$5.00N/AView Rating Details
6/17/2016Clarkson CapitalReiterated RatingBuyN/AView Rating Details
5/29/2015Evercore Partners Inc.Reiterated RatingBuy -> HoldN/AView Rating Details
5/29/2015Evercore ISIDowngradeBuy -> Hold$32.50 -> $22.50N/AView Rating Details
(Data available from 5/24/2015 forward)

Earnings

Earnings History for Golden Ocean Group Ltd (NASDAQ:GOGL)
Earnings by Quarter for Golden Ocean Group Ltd (NASDAQ:GOGL)
Earnings History by Quarter for Golden Ocean Group Ltd (NASDAQ:GOGL)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/31/2017        
5/24/20173/31/2017($0.21)($0.17)N/AView Earnings Details
11/22/20169/30/2016($0.30)($0.25)$44.37 million$71.01 millionViewN/AView Earnings Details
8/24/2016Q216($0.35)($0.37)$35.00 million$55.57 millionViewListenView Earnings Details
5/24/2016Q116($0.12)($0.13)$42.33 million$45.01 millionViewListenView Earnings Details
11/24/2015Q315($0.11)($0.24)$51.20 million$65.70 millionViewListenView Earnings Details
8/27/2015Q215($0.20)($0.19)$28.20 million$49.33 millionViewListenView Earnings Details
5/28/2015Q115($0.22)($0.18)$34.80 million$18.08 millionViewListenView Earnings Details
2/27/2015Q4 2014($0.07)$0.06$12.90 million$36.68 millionViewN/AView Earnings Details
11/21/2014Q314($0.08)($0.11)$15.48 million$19.34 millionViewN/AView Earnings Details
8/13/2014Q214$0.03$0.02$10.58 million$20.59 millionViewN/AView Earnings Details
5/8/2014Q1 2014$0.07$0.14$7.82 million$20.11 millionViewN/AView Earnings Details
2/5/2014Q4$0.08$0.12ViewN/AView Earnings Details
11/14/2013Q3$0.01$0.04$8.07 millionViewN/AView Earnings Details
5/8/2013Q1 2013($0.02)($0.02)$6.19 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Golden Ocean Group Ltd (NASDAQ:GOGL)
Current Year EPS Consensus Estimate: $-0.24 EPS
Next Year EPS Consensus Estimate: $0.21 EPS

Dividends

Dividend History by Quarter for Golden Ocean Group Ltd (NASDAQ:GOGL)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
11/21/2014quarterly$0.053.08%12/1/201412/3/201412/10/2014
8/15/2014quarterly$0.206.32%8/26/20148/28/20149/10/2014
5/13/2014quarterly$0.206.03%5/20/20145/22/20146/5/2014
2/6/2014quarterly$0.186.99%2/14/20142/19/20143/6/2014
11/22/2013quarterly$0.189.41%11/26/201311/29/201312/10/2013
11/14/2013$0.1811/26/201311/29/201312/10/2013
8/14/2013quarterly$0.188.67%8/26/20138/28/20139/10/2013
5/15/2013quarterly$0.189.25%5/20/20135/22/20136/5/2013
2/15/2013quarterly$0.1810.62%2/15/20132/20/20133/6/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Golden Ocean Group Ltd (NASDAQ:GOGL)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Headline Trends for Golden Ocean Group Ltd (NASDAQ:GOGL)
Latest Headlines for Golden Ocean Group Ltd (NASDAQ:GOGL)
Source:
DateHeadline
reuters.com logoBRIEF-GOGL- agreements to acquire 16 modern dry bulk vessels in all-share deal
www.reuters.com - May 23 at 11:43 AM
finance.yahoo.com logoGOGL - Invitation to presentation of Q1 2017 Results
finance.yahoo.com - May 18 at 9:50 AM
nasdaq.com logoGOGL - Delivery of two dry bulk vessels - Nasdaq
www.nasdaq.com - May 16 at 5:26 PM
nasdaq.com logoGOGL - Delivery of dry bulk vessel - Nasdaq
www.nasdaq.com - May 16 at 5:26 PM
finance.yahoo.com logoGOGL - Delivery of dry bulk vessel
finance.yahoo.com - May 16 at 11:30 AM
finance.yahoo.com logoGOGL - Delivery of two dry bulk vessels
finance.yahoo.com - May 15 at 11:16 AM
americanbankingnews.com logoShort Interest in Golden Ocean Group Ltd (GOGL) Declines By 40.4%
www.americanbankingnews.com - May 13 at 8:44 AM
americanbankingnews.com logoGolden Ocean Group Ltd (GOGL) Given Average Recommendation of "Buy" by Analysts
www.americanbankingnews.com - May 8 at 4:36 PM
streetinsider.com logoGolden Ocean Group Limited (GOGL) Takes Delivery of Dry Bulk Vessel - StreetInsider.com
www.streetinsider.com - May 4 at 10:41 PM
finance.yahoo.com logoGolden Ocean Group Ltd. – Value Analysis (NASDAQ:GOGL) : May 4, 2017
finance.yahoo.com - May 4 at 5:38 PM
reuters.com logoBRIEF-Golden Ocean to acquire 16 dry bulk vessels
www.reuters.com - May 4 at 12:05 PM
americanbankingnews.com logoGolden Ocean Group (GOGL) Earns News Impact Score of 0.27
www.americanbankingnews.com - May 4 at 10:17 AM
streetinsider.com logoGolden Ocean Group Limited (GOGL) Takes Delivery of Dry Bulk Vessel
www.streetinsider.com - May 3 at 10:18 PM
finanznachrichten.de logoGolden Ocean Group Limited: GOGL: Delivery of dry bulk vessel
www.finanznachrichten.de - May 3 at 5:16 PM
finance.yahoo.com logoGolden Ocean Group Ltd. breached its 50 day moving average in a Bearish Manner : GOGL-US : May 3, 2017
finance.yahoo.com - May 3 at 5:16 PM
feeds.benzinga.com logoGOGL: Delivery of dry bulk vessel
feeds.benzinga.com - May 3 at 3:13 PM
americanbankingnews.com logoGolden Ocean Group (GOGL) Receiving Positive News Coverage, Study Finds
www.americanbankingnews.com - April 30 at 12:46 PM
feeds.benzinga.com logoGOGL: Delivery of two dry bulk vessels
feeds.benzinga.com - April 27 at 11:05 AM
americanbankingnews.com logoGolden Ocean Group (GOGL) Getting Favorable Press Coverage, Report Shows
www.americanbankingnews.com - April 27 at 10:52 AM
americanbankingnews.com logoGolden Ocean Group (GOGL) Getting Positive Media Coverage, Study Shows
www.americanbankingnews.com - April 24 at 10:46 AM
nasdaq.com logoWhy Golden Ocean Group Limited (GOGL) Could Shock the Market Soon - Nasdaq
www.nasdaq.com - April 21 at 11:25 AM
americanbankingnews.com logoGolden Ocean Group (GOGL) Receives Daily Media Impact Score of 0.45
www.americanbankingnews.com - April 15 at 9:21 AM
americanbankingnews.com logoGolden Ocean Group Ltd (GOGL) Given Consensus Rating of "Buy" by Analysts
www.americanbankingnews.com - April 11 at 4:35 PM
americanbankingnews.com logoGolden Ocean Group Ltd (GOGL) Upgraded to Overweight by JPMorgan Chase & Co.
www.americanbankingnews.com - April 7 at 8:21 PM
finance.yahoo.com logoGolden Ocean Group (GOGL) Jumps: Stock Adds 9% in Session
finance.yahoo.com - April 7 at 10:04 AM
americanbankingnews.com logoGolden Ocean Group Ltd (GOGL) Upgraded to "Buy" at DNB Markets
www.americanbankingnews.com - April 6 at 7:40 PM
americanbankingnews.com logoGolden Ocean Group Ltd (GOGL) Lifted to "Overweight" at Morgan Stanley
www.americanbankingnews.com - April 3 at 12:11 PM
streetinsider.com logoUPDATE: Morgan Stanley Upgrades Golden Ocean Group Limited ... - StreetInsider.com
www.streetinsider.com - March 30 at 4:01 AM
us.rd.yahoo.com logoGolden Ocean upgraded by Morgan Stanley
us.rd.yahoo.com - March 28 at 5:08 PM
fool.com logoWhy Dry Bulk Shipping Stocks Popped Today
us.rd.yahoo.com - March 28 at 5:08 PM
thestreet.com logoDry Bulk Shippers Upgraded at Morgan Stanley, Stocks Surge
www.thestreet.com - March 28 at 11:33 AM
americanbankingnews.com logoGolden Ocean Group Ltd (GOGL) Upgraded at Morgan Stanley
www.americanbankingnews.com - March 28 at 9:50 AM
finance.yahoo.com logoGOGL: Approval and publication of prospectus
finance.yahoo.com - March 27 at 5:10 PM
globenewswire.com logoGOGL - Equity offering: Issue of New Shares - GlobeNewswire (press release)
globenewswire.com - March 17 at 8:20 AM
feeds.benzinga.com logoGOGL - Equity offering: Issue of New Shares
feeds.benzinga.com - March 17 at 5:00 AM
baystreet.ca logoGolden Ocean Group (GOGL) Powers Up on Big Equity Offering
www.baystreet.ca - March 15 at 10:51 PM
finanznachrichten.de logoGolden Ocean Group Limited: GOGL - USD 60 million equity offering successfully completed
www.finanznachrichten.de - March 15 at 10:51 PM
finance.yahoo.com logoU.S. stocks poised for upbeat day as traders wait for Fed news
finance.yahoo.com - March 15 at 10:51 PM
benzinga.com logo20 Stocks Moving In Wednesday's Pre-Market Session | Benzinga - Benzinga
www.benzinga.com - March 15 at 5:50 PM
streetinsider.com logoGolden Ocean Group Limited (GOGL) Reports Commencement of $60M Equity Offering - StreetInsider.com
www.streetinsider.com - March 15 at 5:50 PM
streetinsider.com logoGolden Ocean Group Limited (GOGL) Acquires 16 Modern Dry Bulk Ships in ~$412M Deal - StreetInsider.com
www.streetinsider.com - March 15 at 5:50 PM
feeds.benzinga.com logoGOGL - USD 60 million equity offering successfully completed
feeds.benzinga.com - March 15 at 4:00 AM
streetinsider.com logoGolden Ocean Group Limited (GOGL) Acquires 16 Modern Dry Bulk Ships in ~$412M Deal
www.streetinsider.com - March 14 at 9:47 PM
reuters.com logoBRIEF-GOGL announces commencement of USD 60 mln equity offering
www.reuters.com - March 14 at 4:45 PM
us.rd.yahoo.com logoGOGL - Acquisition of 16 modern dry bulk vessels
us.rd.yahoo.com - March 14 at 4:45 PM
finance.yahoo.com logoGOGL - Announcement of commencement of USD 60 million equity offering
finance.yahoo.com - March 14 at 4:45 PM
nasdaq.com logoWill Golden Ocean Group (GOGL) Continue to Surge Higher? - Nasdaq
www.nasdaq.com - March 9 at 4:22 AM
finance.yahoo.com logoGolden Ocean upgraded by JP Morgan
finance.yahoo.com - March 1 at 5:09 PM
seekingalpha.com logoGolden Ocean Group's (GOGL) Birgitte Vartdal on Q4 2016 Results - Earnings Call Transcript
seekingalpha.com - March 1 at 12:12 PM
finance.yahoo.com logoEdited Transcript of GOGL earnings conference call or presentation 28-Feb-17 1:00pm GMT
finance.yahoo.com - March 1 at 12:12 PM

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Chart

Golden Ocean Group Ltd (GOGL) Chart for Wednesday, May, 24, 2017

This page was last updated on 5/24/2017 by MarketBeat.com Staff