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Golden Ocean Group Stock Price, Forecast & Analysis (NASDAQ:GOGL)

$5.34
-0.11 (-2.02 %)
(As of 11/14/2019 04:00 PM ET)
Today's Range
$5.31
Now: $5.34
$5.43
50-Day Range
$5.35
MA: $5.86
$6.38
52-Week Range
$4.33
Now: $5.34
$7.58
Volume136,400 shs
Average Volume236,970 shs
Market Capitalization$766.44 million
P/E Ratio25.81
Dividend Yield7.34%
Beta1.94
Golden Ocean Group Limited, a shipping company, engages in the transportation of bulk commodities worldwide. It owns and operates a fleet of dry bulk vessels, including Newcastlemax, Capesize, Panamax, and Ultramax vessels in the spot and time charter markets. The company transports bulk commodities, such as ores, coal, grains, and fertilizers. As of March 21, 2019, it owned 67 dry bulk vessels, as well as had 10 chartered-in vessels. Read More…

Industry, Sector and Symbol

Industry Water transportation
Sub-IndustryOil & Gas Storage & Transportation
SectorTransportation
Current SymbolNASDAQ:GOGL
Previous SymbolNASDAQ:VLCCF
CUSIPG5299G10
Phone441-295-6935

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$656.07 million
Cash Flow$1.35 per share
Book Value$10.56 per share

Profitability

Net Income$84.54 million

Miscellaneous

Employees32
Market Cap$766.44 million
Next Earnings Date11/29/2019 (Confirmed)
OptionableOptionable

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Golden Ocean Group (NASDAQ:GOGL) Frequently Asked Questions

What is Golden Ocean Group's stock symbol?

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

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 Thursday, August 15th. Stockholders of record on Friday, August 30th will be given a dividend of $0.10 per share on Thursday, September 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.49%. The ex-dividend date is Thursday, August 29th. This is a positive change from Golden Ocean Group's previous quarterly dividend of $0.03. View Golden Ocean Group's Dividend History.

When did Golden Ocean Group's stock split? How did Golden Ocean Group's stock split work?

Golden Ocean Group shares reverse split 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 Golden Ocean Group stock prior to the reverse split would have 20 shares after the split.

How were Golden Ocean Group's earnings last quarter?

Golden Ocean Group Ltd (NASDAQ:GOGL) released its quarterly earnings results on Wednesday, May, 30th. The shipping company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.09. The shipping company earned $149.94 million during the quarter, compared to the consensus estimate of $92.61 million. Golden Ocean Group had a return on equity of 2.10% and a net margin of 3.02%. View Golden Ocean Group's Earnings History.

When is Golden Ocean Group's next earnings date?

Golden Ocean Group is scheduled to release their next quarterly earnings announcement on Friday, November 29th 2019. View Earnings Estimates for Golden Ocean Group.

What price target have analysts set for GOGL?

2 Wall Street analysts have issued 1-year price targets for Golden Ocean Group's shares. Their forecasts range from $10.00 to $10.00. On average, they expect Golden Ocean Group's stock price to reach $10.00 in the next year. This suggests a possible upside of 87.3% from the stock's current price. View Analyst Price Targets for Golden Ocean Group.

What is the consensus analysts' recommendation for Golden Ocean Group?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Golden Ocean Group in the last year. There are currently 1 sell rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Golden Ocean Group.

Has Golden Ocean Group been receiving favorable news coverage?

Media stories about GOGL stock have trended somewhat negative on Thursday, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Golden Ocean Group earned a daily sentiment score of -1.4 on InfoTrie's scale. They also gave news headlines about the shipping company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Golden Ocean Group.

Are investors shorting Golden Ocean Group?

Golden Ocean Group saw a increase in short interest in October. As of October 31st, there was short interest totalling 833,100 shares, an increase of 18.2% from the September 30th total of 705,100 shares. Based on an average daily trading volume, of 261,600 shares, the short-interest ratio is currently 3.2 days. Currently, 0.9% of the company's shares are short sold. View Golden Ocean Group's Current Options Chain.

Who are some of Golden Ocean Group's key competitors?

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 Star Bulk Carriers (SBLK), Blue Ridge Mountain Resources (MHRCQ), Scorpio Bulkers (SALT), Eyepoint Pharmaceuticals (EYPT), Boeing (BA), TSAKOS ENERGY N/SH (tnp), Golar LNG Partners (GMLP), Intel (INTC), NVIDIA (NVDA) and Uniti Group (UNIT).

Who are Golden Ocean Group's key executives?

Golden Ocean Group's management team includes the folowing people:
  • Mr. Per Heiberg, Chief Financial Officer of Golden Ocean Management AS (Age 52)
  • Mr. Thomas Semino, Chief Commercial Officer of Golden Ocean Management Asia Pte Ltd (Age 45)
  • Ms. Birgitte Ringstad Vartdal, Chief Exec. Officer of Golden Ocean Management AS (Age 42)
  • Mr. Tord Brath, Head of Global Operations
  • Ms. Georgina E. Sousa, Company Sec. (Age 68)

Who are Golden Ocean Group's major shareholders?

Golden Ocean Group's stock is owned by a number of of institutional and retail investors. Top institutional investors include Russell Investments Group Ltd. (3.26%), California Public Employees Retirement System (0.16%), SG Americas Securities LLC (0.04%), State of Tennessee Treasury Department (0.02%) and Sigma Planning Corp (0.01%).

Which major investors are selling Golden Ocean Group stock?

GOGL stock was sold by a variety of institutional investors in the last quarter, including Sigma Planning Corp.

Which major investors are buying Golden Ocean Group stock?

GOGL stock was bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., SG Americas Securities LLC, California Public Employees Retirement System and State of Tennessee Treasury Department.

How do I buy shares of Golden Ocean Group?

Shares of GOGL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Golden Ocean Group's stock price today?

One share of GOGL stock can currently be purchased for approximately $5.34.

How big of a company is Golden Ocean Group?

Golden Ocean Group has a market capitalization of $766.44 million and generates $656.07 million in revenue each year. Golden Ocean Group employs 32 workers across the globe.View Additional Information About Golden Ocean Group.

What is Golden Ocean Group's official website?

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

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


MarketBeat Community Rating for Golden Ocean Group (NASDAQ GOGL)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  327 (Vote Outperform)
Underperform Votes:  380 (Vote Underperform)
Total Votes:  707
MarketBeat's community ratings are surveys of what our community members think about Golden Ocean Group and other stocks. Vote "Outperform" if you believe GOGL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GOGL will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/14/2019 by MarketBeat.com Staff

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