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NVDA   387.70 (+0.68%)
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AMD   124.92 (+3.20%)
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AMD   124.92 (+3.20%)
T   15.96 (-0.75%)
F   13.74 (+1.18%)
MU   65.43 (+0.17%)
CGC   0.68 (-1.45%)
GE   106.30 (+0.22%)
DIS   91.95 (-0.63%)
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NASDAQ:GOGL

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

$7.73
+0.07 (+0.91%)
(As of 06/9/2023 ET)
Compare
Today's Range
$7.66
$7.80
50-Day Range
$7.06
$9.56
52-Week Range
$6.99
$13.75
Volume
1.40 million shs
Average Volume
1.69 million shs
Market Capitalization
$1.55 billion
P/E Ratio
4.74
Dividend Yield
5.17%
Price Target
$9.50

Golden Ocean Group MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
22.9% Upside
$9.50 Price Target
Short Interest
Healthy
4.03% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.33mentions of Golden Ocean Group in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
108.89%
From $0.45 to $0.94 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.64 out of 5 stars

Transportation Sector

24th out of 120 stocks

Water Transportation Industry

2nd out of 18 stocks


GOGL stock logo

About Golden Ocean Group (NASDAQ:GOGL) Stock

Golden Ocean Group Ltd. engages in the ownership and operation of dry bulk vessels. It manages Newcastlemax, Capesize, Panamax, and Ultramax vessels and transports bulk commodities, including ores, coal, grains, and fertilizers. It is also involved in the charter, purchase, and sale of vessels. The company was founded on September 18, 1996 and is headquartered in Hamilton, Bermuda.

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GOGL Stock News Headlines

[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
Golden Ocean Group names new CEO
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
GOGL - Transition of Chief Executive Officer
GOGL – Q1 2023 Presentation
GOGL – First Quarter 2023 Results
GOGL – 2023 AGM Results Notification
See More Headlines

GOGL Price History

GOGL Company Calendar

Last Earnings
11/23/2021
Ex-Dividend for 6/6 Dividend
5/25/2023
Dividend Payable
6/06/2023
Today
6/09/2023
Next Earnings (Estimated)
8/24/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Water transportation
Sub-Industry
Oil & Gas Storage & Transportation
Current Symbol
NASDAQ:GOGL
Previous Symbol
NASDAQ:VLCCF
CUSIP
G5299G10
Employees
37
Year Founded
2004

Price Target and Rating

Average Stock Price Forecast
$9.50
High Stock Price Forecast
$9.50
Low Stock Price Forecast
$9.50
Forecasted Upside/Downside
+23.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$461.85 million
Pretax Margin
31.40%

Debt

Sales & Book Value

Annual Sales
$1.11 billion
Cash Flow
$2.86 per share
Book Value
$9.56 per share

Miscellaneous

Free Float
N/A
Market Cap
$1.54 billion
Optionable
Optionable
Beta
1.25

Social Links


Key Executives

  • Ulrik Uhrenfeldt Andersen
    Chief Executive Officer
  • Tord Brath
    Head-Global Operations
  • Peder Carl Gram Simonsen
    Chief Financial Officer
  • Lars-Christian Svensen
    Chief Commercial Officer













GOGL Stock - Frequently Asked Questions

Should I buy or sell Golden Ocean Group stock right now?

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.

What is Golden Ocean Group's stock price forecast for 2023?

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.
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 on January 1st, 2023. Since then, GOGL shares have decreased by 11.6% and is now trading at $7.68.
View the best growth stocks for 2023 here
.

When is Golden Ocean Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 24th 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, 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.

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, 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
.

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 5.26%. 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.

When did Golden Ocean Group's stock split?

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.

What other stocks do shareholders of Golden Ocean Group own?
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 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%).

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 $7.68.

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 $1.63 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 6/9/2023 by MarketBeat.com Staff

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