S&P 500   4,320.06 (-0.23%)
DOW   33,963.84 (-0.31%)
QQQ   357.91 (+0.01%)
AAPL   174.79 (+0.49%)
MSFT   317.01 (-0.79%)
META   299.08 (+1.13%)
GOOGL   130.25 (-0.15%)
AMZN   129.12 (-0.16%)
TSLA   244.88 (-4.23%)
NVDA   416.10 (+1.45%)
NIO   8.54 (+1.07%)
BABA   88.30 (+4.98%)
AMD   96.20 (+0.09%)
T   15.13 (-1.18%)
F   12.43 (+1.89%)
MU   68.88 (+1.44%)
CGC   0.84 (+9.09%)
GE   111.25 (-1.54%)
DIS   81.25 (-1.79%)
AMC   7.63 (-0.91%)
PFE   32.69 (-0.49%)
PYPL   57.88 (-1.26%)
NFLX   379.81 (-1.13%)
S&P 500   4,320.06 (-0.23%)
DOW   33,963.84 (-0.31%)
QQQ   357.91 (+0.01%)
AAPL   174.79 (+0.49%)
MSFT   317.01 (-0.79%)
META   299.08 (+1.13%)
GOOGL   130.25 (-0.15%)
AMZN   129.12 (-0.16%)
TSLA   244.88 (-4.23%)
NVDA   416.10 (+1.45%)
NIO   8.54 (+1.07%)
BABA   88.30 (+4.98%)
AMD   96.20 (+0.09%)
T   15.13 (-1.18%)
F   12.43 (+1.89%)
MU   68.88 (+1.44%)
CGC   0.84 (+9.09%)
GE   111.25 (-1.54%)
DIS   81.25 (-1.79%)
AMC   7.63 (-0.91%)
PFE   32.69 (-0.49%)
PYPL   57.88 (-1.26%)
NFLX   379.81 (-1.13%)
S&P 500   4,320.06 (-0.23%)
DOW   33,963.84 (-0.31%)
QQQ   357.91 (+0.01%)
AAPL   174.79 (+0.49%)
MSFT   317.01 (-0.79%)
META   299.08 (+1.13%)
GOOGL   130.25 (-0.15%)
AMZN   129.12 (-0.16%)
TSLA   244.88 (-4.23%)
NVDA   416.10 (+1.45%)
NIO   8.54 (+1.07%)
BABA   88.30 (+4.98%)
AMD   96.20 (+0.09%)
T   15.13 (-1.18%)
F   12.43 (+1.89%)
MU   68.88 (+1.44%)
CGC   0.84 (+9.09%)
GE   111.25 (-1.54%)
DIS   81.25 (-1.79%)
AMC   7.63 (-0.91%)
PFE   32.69 (-0.49%)
PYPL   57.88 (-1.26%)
NFLX   379.81 (-1.13%)
S&P 500   4,320.06 (-0.23%)
DOW   33,963.84 (-0.31%)
QQQ   357.91 (+0.01%)
AAPL   174.79 (+0.49%)
MSFT   317.01 (-0.79%)
META   299.08 (+1.13%)
GOOGL   130.25 (-0.15%)
AMZN   129.12 (-0.16%)
TSLA   244.88 (-4.23%)
NVDA   416.10 (+1.45%)
NIO   8.54 (+1.07%)
BABA   88.30 (+4.98%)
AMD   96.20 (+0.09%)
T   15.13 (-1.18%)
F   12.43 (+1.89%)
MU   68.88 (+1.44%)
CGC   0.84 (+9.09%)
GE   111.25 (-1.54%)
DIS   81.25 (-1.79%)
AMC   7.63 (-0.91%)
PFE   32.69 (-0.49%)
PYPL   57.88 (-1.26%)
NFLX   379.81 (-1.13%)
NASDAQ:GOGL

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

$7.69
+0.24 (+3.22%)
(As of 09/22/2023 ET)
Compare
Today's Range
$7.60
$7.72
50-Day Range
$6.90
$7.84
52-Week Range
$6.89
$10.58
Volume
1.07 million shs
Average Volume
1.56 million shs
Market Capitalization
$1.54 billion
P/E Ratio
7.77
Dividend Yield
5.20%
Price Target
$9.00

Golden Ocean Group MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
17.0% Upside
$9.00 Price Target
Short Interest
Bearish
5.45% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.40mentions of Golden Ocean Group in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
150.00%
From $0.36 to $0.90 Per Share

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 stars

Industrials Sector

27th out of 52 stocks

Marine Shipping Industry

1st out of 3 stocks


GOGL stock logo

About Golden Ocean Group (NASDAQ:GOGL) Stock

Golden 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.

GOGL Price History

GOGL Stock News Headlines

Elon Did It Again: This Could be Bigger than Tesla
Love 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.
Jefferies Remains a Hold on Golden Ocean Group (GOGL)
Golden Ocean declares $0.10 dividend
Elon Did It Again: This Could be Bigger than Tesla
Love 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.
GOGL – Q2 2023 Presentation
GOGL – Second Quarter 2023 Results
Earnings Outlook For Golden Ocean Group
GOGL – Invitation to presentation of Q2 2023 Results
Cleaves Securities Remains a Buy on Golden Ocean Group (GOGL)
Transactions made under the buy-back program
Golden Ocean Group names new CEO
See 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.

GOGL Company Calendar

Last Earnings
8/29/2023
Ex-Dividend for 9/19 Dividend
9/08/2023
Dividend Payable
9/19/2023
Today
9/22/2023
Next Earnings (Estimated)
11/15/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Marine Shipping
Sub-Industry
Oil & Gas Storage & Transportation
Current Symbol
NASDAQ:GOGL
Previous Symbol
NASDAQ:VLCCF
CUSIP
G5299G10
Employees
38
Year Founded
2004

Price 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 Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$461.85 million
Pretax Margin
21.16%

Debt

Sales & Book Value

Annual Sales
$1.11 billion
Cash Flow
$2.87 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

(Almost) Everything You Need To Know About The EV Market Cover

Click 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 Executives

  • Mr. 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 Brath
    Head of Global Operations













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?
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

My Account -