Golden 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
- Market Cap: $781.38 million
- Outstanding Shares: 114,572,000
- 50 Day Moving Avg: $7.34
- 200 Day Moving Avg: $5.95
- 52 Week Range: $3.10 - $9.05
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 32.48
- P/E Growth: 130.85
- Annual Revenue: $255.81 million
- Price / Sales: 3.05
- Book Value: $11.69 per share
- Price / Book: 0.58
- EBIDTA: $20.46 million
- Net Margins: -89.19%
- Return on Equity: -10.46%
- Return on Assets: -5.51%
- Debt-to-Equity Ratio: 0.87%
- Current Ratio: 4.16%
- Quick Ratio: 4.16%
- 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?
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?
Some companies that are related to Golden Ocean Group Ltd include Golar LNG Partners LP (GMLP), Matson (MATX), Ship Finance International Limited (SFL), Teekay LNG Partners L.P. (TGP), Euronav NV (EURN), GasLog Ltd (GLOG), Frontline (FRO), GasLog Partners LP (GLOP), Costamare (CMRE), Nordic American Tanker Ltd (NAT), Scorpio Tankers (STNG), KNOT Offshore Partners LP (KNOP), Seaspan (SSW), Hoegh LNG Partners LP (HMLP), Dynagas LNG Partners LP (DLNG), Teekay (TK), Star Bulk Carriers Corp. (SBLK) and Teekay Offshore Partners L.P. (TOO).
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.
Earnings History for Golden Ocean Group Ltd (NASDAQ:GOGL)Earnings History by Quarter for Golden Ocean Group Ltd (NASDAQ:GOGL)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|5/31/2017|| || || || || || || || |
|11/22/2016||9/30/2016||($0.30)||($0.25)||$44.37 million||$71.01 million||View||N/A|
|8/24/2016||Q216||($0.35)||($0.37)||$35.00 million||$55.57 million||View||Listen|
|5/24/2016||Q116||($0.12)||($0.13)||$42.33 million||$45.01 million||View||Listen|
|11/24/2015||Q315||($0.11)||($0.24)||$51.20 million||$65.70 million||View||Listen|
|8/27/2015||Q215||($0.20)||($0.19)||$28.20 million||$49.33 million||View||Listen|
|5/28/2015||Q115||($0.22)||($0.18)||$34.80 million||$18.08 million||View||Listen|
|2/27/2015||Q4 2014||($0.07)||$0.06||$12.90 million||$36.68 million||View||N/A|
|11/21/2014||Q314||($0.08)||($0.11)||$15.48 million||$19.34 million||View||N/A|
|8/13/2014||Q214||$0.03||$0.02||$10.58 million||$20.59 million||View||N/A|
|5/8/2014||Q1 2014||$0.07||$0.14||$7.82 million||$20.11 million||View||N/A|
|5/8/2013||Q1 2013||($0.02)||($0.02)||$6.19 million||View||N/A|
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
Dividend History by Quarter for Golden Ocean Group Ltd (NASDAQ:GOGL)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading History for Golden Ocean Group Ltd (NASDAQ:GOGL)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Golden Ocean Group Ltd (NASDAQ:GOGL)
Latest Headlines for Golden Ocean Group Ltd (NASDAQ:GOGL)
Golden Ocean Group Ltd (GOGL) Chart for Wednesday, May, 24, 2017