Golden Ocean Group Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Golden Ocean Group in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Golden Ocean Group stock.
View analyst ratings for Golden Ocean Group or view top-rated stocks.

Wall Street analysts have given Golden Ocean Group a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Golden Ocean Group wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Golden Ocean Group saw a decline in short interest during the month of May. As of May 28th, there was short interest totaling 496,600 shares, a decline of 75.2% from the May 13th total of 2,000,000 shares. Based on an average daily volume of 1,020,000 shares, the short-interest ratio is currently 0.5 days. Currently, 0.4% of the company's shares are short sold.
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Golden Ocean Group is scheduled to release its next quarterly earnings announcement on Tuesday, August 17th 2021.
View our earnings forecast for Golden Ocean Group.

Golden Ocean Group Limited (NASDAQ:GOGL) released its quarterly earnings data on Wednesday, May, 19th. The shipping company reported $0.11 earnings per share (EPS) for the quarter, meeting the Zacks' consensus estimate of $0.11. Golden Ocean Group had a net margin of 7.43% and a trailing twelve-month return on equity of 3.25%.
View Golden Ocean Group's earnings history.

Golden Ocean Group's stock was trading at $3.39 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, GOGL stock has increased by 215.6% and is now trading at $10.70.
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Golden Ocean Group declared a -- dividend on Friday, May 21st. Stockholders of record on Thursday, June 3rd will be paid a dividend of $0.25 per share on Thursday, June 10th. This represents a dividend yield of 9.4%. The ex-dividend date is Wednesday, June 2nd.
View Golden Ocean Group's dividend history.

Golden Ocean Group pays an annual dividend of $1.00 per share and currently has a dividend yield of 9.51%. GOGL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
View Golden Ocean Group's dividend history.

Golden Ocean Group's stock 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 closing bell on Friday, July 29th 2016. An investor that had 100 shares of Golden Ocean Group stock prior to the reverse split would have 20 shares after the split.

4 Wall Street analysts have issued 1-year target prices for Golden Ocean Group's stock. Their forecasts range from $11.50 to $12.00. On average, they expect Golden Ocean Group's share price to reach $11.75 in the next year. This suggests a possible upside of 9.8% from the stock's current price.
View analysts' price targets for Golden Ocean Group or view top-rated stocks among Wall Street analysts.

Some companies that are related to Golden Ocean Group include Kinder Morgan (KMI), The Williams Companies (WMB), Cheniere Energy (LNG), Targa Resources (TRGP), Frontline (FRO), Golar LNG (GLNG), Scorpio Tankers (STNG), SFL (SFL), GasLog (GLOG), Nordic American Tankers (NAT), Teekay Tankers (TNK) and Teekay (TK).
View all of GOGL's competitors.

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).

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

Golden Ocean Group's stock is owned by many different retail and institutional investors. Top institutional investors include Russell Investments Group Ltd. (2.75%), JPMorgan Chase & Co. (2.40%), Renaissance Technologies LLC (2.40%), Arrowstreet Capital Limited Partnership (2.10%), Goldman Sachs Group Inc. (1.56%) and Morgan Stanley (1.15%).

GOGL stock was sold by a variety of institutional investors in the last quarter, including Barclays PLC, Vanguard Capital Wealth Advisors, Northern Trust Corp, Geode Capital Management LLC, and Clearbridge Investments LLC.

GOGL stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Goldman Sachs Group Inc., Citigroup Inc., Morgan Stanley, Renaissance Technologies LLC, Scion Asset Management LLC, Arrowstreet Capital Limited Partnership, and Russell Investments Group Ltd..

Shares of GOGL 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.
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One share of GOGL stock can currently be purchased for approximately $10.70.

Golden Ocean Group has a market capitalization of $1.53 billion and generates $607.94 million in revenue each year.

Golden Ocean Group employs 38 workers across the globe.

The official website for Golden Ocean Group is www.goldenocean.bm.

Golden Ocean Group is headquartered at PAR LA VILLE PLACE 4TH FLOOR 14 PAR LA VILLE ROAD, HAMILTON HM 08 D0, HM 08.

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 shipping company can be reached via phone at 441-295-6935 or via email at [email protected]