NASDAQ:GOGL Golden Ocean Group (GOGL) Stock Forecast, Price & News $7.73 +0.07 (+0.91%) (As of 06/9/2023 ET) Add Compare Share Share Today's Range$7.66▼$7.8050-Day Range$7.06▼$9.5652-Week Range$6.99▼$13.75Volume1.40 million shsAverage Volume1.69 million shsMarket Capitalization$1.55 billionP/E Ratio4.74Dividend Yield5.17%Price Target$9.50 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Golden Ocean Group MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside22.9% Upside$9.50 Price TargetShort InterestHealthy4.03% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.33Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth108.89%From $0.45 to $0.94 Per ShareSee Full Details Hide Full Details 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 starsTransportation Sector24th out of 120 stocksWater Transportation Industry2nd out of 18 stocks 2.0 Analyst's Opinion Consensus RatingGolden Ocean Group has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $9.50, Golden Ocean Group has a forecasted upside of 22.9% from its current price of $7.73.Amount of Analyst CoverageGolden Ocean Group has only been the subject of 1 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted4.03% of the float of Golden Ocean Group has been sold short.Short Interest Ratio / Days to CoverGolden Ocean Group has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Golden Ocean Group has recently decreased by 0.81%, indicating that investor sentiment is improving. Previous Next 3.3 Dividend Strength Dividend LeadershipGolden Ocean Group is a leading dividend payer. It pays a dividend yield of 5.26%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthGolden Ocean Group does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Golden Ocean Group is 24.54%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Golden Ocean Group will have a dividend payout ratio of 42.55% next year. This indicates that Golden Ocean Group will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for GOGL. Previous Next 3.0 News and Social Media Coverage News SentimentGolden Ocean Group has a news sentiment score of 0.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.46 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Golden Ocean Group this week, compared to 3 articles on an average week.Search Interest43 people have searched for GOGL on MarketBeat in the last 30 days. This is an increase of 10% compared to the previous 30 days.MarketBeat Follows13 people have added Golden Ocean Group to their MarketBeat watchlist in the last 30 days. This is an increase of 117% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Golden Ocean Group insiders have not sold or bought any company stock.Percentage Held by InstitutionsOnly 37.16% of the stock of Golden Ocean Group is held by institutions. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Golden Ocean Group are expected to grow by 108.89% in the coming year, from $0.45 to $0.94 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Golden Ocean Group is 4.74, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.97.Price to Earnings Ratio vs. SectorThe P/E ratio of Golden Ocean Group is 4.74, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 24.15.Price to Book Value per Share RatioGolden Ocean Group has a P/B Ratio of 0.81. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Golden Ocean Group (NASDAQ:GOGL) StockGolden 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.Read More 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. Email Address GOGL Stock News HeadlinesJune 8, 2023 | msn.comGolden Ocean: Fundamentals And Future Supply And Demand Supports Our Buy StanceJune 8, 2023 | americanbankingnews.comGolden Ocean Group (NASDAQ:GOGL) Rating Lowered to Sell at StockNews.comJune 9, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Missile" to Replace Nuclear MissilesCBS 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!June 7, 2023 | msn.comJefferies Maintains Golden Ocean Group (GOGL) Prior RecommendationJune 7, 2023 | seekingalpha.comGolden Ocean Group Stock Is A Solid Buy For The Long TermJune 7, 2023 | markets.businessinsider.comAnalysts Conflicted on These Industrial Goods Names: Golden Ocean Group (GOGL), Old Dominion Freight (ODFL) and CH Robinson (CHRW)June 1, 2023 | finance.yahoo.comPrivate companies among Golden Ocean Group Limited's (NASDAQ:GOGL) largest stockholders and were hit after last week's 9.1% price dropJune 1, 2023 | msn.comGolden Ocean Group names new CEOJune 9, 2023 | Behind the Markets (Ad)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%...June 1, 2023 | finance.yahoo.comGOGL - Transition of Chief Executive OfficerJune 1, 2023 | americanbankingnews.comGolden Ocean Group (NASDAQ:GOGL) Raised to Hold at StockNews.comMay 24, 2023 | americanbankingnews.comGolden Ocean Group Limited (NASDAQ:GOGL) Declares Quarterly Dividend of $0.10May 22, 2023 | msn.comGolden Ocean Group's Ex-Dividend Date Is Thursday, Here's What You Need To KnowMay 20, 2023 | americanbankingnews.comHead-To-Head Comparison: Golden Ocean Group (NASDAQ:GOGL) & United Maritime (NASDAQ:USEA)May 19, 2023 | msn.comGolden Ocean Group (GOGL) Declares $0.10 DividendMay 18, 2023 | finance.yahoo.comIs There An Opportunity With Golden Ocean Group Limited's (NASDAQ:GOGL) 30% Undervaluation?May 16, 2023 | seekingalpha.comGolden Ocean Group Limited 2023 Q1 - Results - Earnings Call PresentationMay 16, 2023 | msn.comGolden Ocean Tops Q1 Estimates; Says Outlook For Rest Of The Year Is PositiveMay 16, 2023 | msn.comGolden Ocean Group (GOGL) Tops Q1 Earnings and Revenue EstimatesMay 16, 2023 | finance.yahoo.comGOGL – Q1 2023 PresentationMay 16, 2023 | finanznachrichten.deGolden Ocean Group Limited: GOGL - First Quarter 2023 ResultsMay 16, 2023 | finance.yahoo.comGOGL – First Quarter 2023 ResultsMay 15, 2023 | msn.comPreview: Golden Ocean Group's EarningsMay 15, 2023 | americanbankingnews.comGolden Ocean Group (NASDAQ:GOGL) Upgraded by Pareto Securities to HoldMay 15, 2023 | americanbankingnews.comGolden Ocean Group (GOGL) Scheduled to Post Quarterly Earnings on TuesdayMay 8, 2023 | finanznachrichten.deGolden Ocean Group Limited: GOGL - 2023 AGM Results NotificationMay 8, 2023 | finance.yahoo.comGOGL – 2023 AGM Results NotificationSee More Headlines GOGL Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GOGL Company Calendar Last Earnings11/23/2021Ex-Dividend for 6/6 Dividend5/25/2023Dividend Payable6/06/2023Today6/09/2023Next Earnings (Estimated)8/24/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Water transportation Sub-IndustryOil & Gas Storage & Transportation SectorTransportation Current SymbolNASDAQ:GOGL Previous SymbolNASDAQ:VLCCF CUSIPG5299G10 CIK1029145 Webwww.goldenocean.bm Phone(441) 295-6935Fax1-441-295-3494Employees37Year Founded2004Price 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 RatingHold Rating Score (0-4)2.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$1.63 Trailing P/E Ratio4.71 Forward P/E Ratio17.07 P/E GrowthN/ANet Income$461.85 million Net Margins31.36% Pretax Margin31.40% Return on Equity17.32% Return on Assets9.97% Debt Debt-to-Equity Ratio0.64 Current Ratio1.14 Quick Ratio1.14 Sales & Book Value Annual Sales$1.11 billion Price / Sales1.38 Cash Flow$2.86 per share Price / Cash Flow2.69 Book Value$9.56 per share Price / Book0.80Miscellaneous Outstanding Shares200,490,000Free FloatN/AMarket Cap$1.54 billion OptionableOptionable Beta1.25 Social Links Key ExecutivesUlrik Uhrenfeldt AndersenChief Executive OfficerTord BrathHead-Global OperationsPeder Carl Gram SimonsenChief Financial OfficerLars-Christian SvensenChief Commercial OfficerKey CompetitorsTeekay TankersNYSE:TNKNordic American TankersNYSE:NATGolar LNGNASDAQ:GLNGInternational SeawaysNYSE:INSWGasLog PartnersNYSE:GLOPView All CompetitorsInstitutional OwnershipPrelude Capital Management LLCBought 21,987 shares on 6/1/2023Ownership: 0.011%ProShare Advisors LLCSold 1,348 shares on 5/26/2023Ownership: 0.007%Ameriprise Financial Inc.Bought 32,692 shares on 5/22/2023Ownership: 0.026%JPMorgan Chase & Co.Bought 555,441 shares on 5/18/2023Ownership: 0.528%New York State Common Retirement FundSold 21,374 shares on 5/18/2023Ownership: 0.038%View All Institutional Transactions 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. 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), Cambria Foreign Shareholder Yield ETF (FYLD), Global X SuperDividend ETF (SDIV), Cambria Global Value ETF (GVAL), Distillate Small/Mid Cash Flow ETF (DSMC), First Trust Developed Markets ex-US Small Cap AlphaDEX Fund (FDTS), Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) and Pacer Industrials and Logistics ETF (SHPP). 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? 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). 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Golden Ocean Group Limited Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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