Golden Ocean Group Limited Company Profile (NASDAQ:GOGL)

About Golden Ocean Group Limited (NASDAQ:GOGL)

Golden Ocean Group Limited logoGolden Ocean Group Limited, formerly Knightsbridge Shipping Limited, is an international dry bulk shipping company. The Company is engaged in the transportation of dry bulk cargoes. It owns and operates a fleet of dry bulk carrier vessels, focusing on the Capesize, Panamax and Supramax markets. Its vessels transport a range of major and minor bulk commodities, including ores, coal, grains and fertilizers. Its fleet includes owned vessels, bareboat vessels, chartered vessels, commercial management vessels and newbuildings. It owns over 40 dry bulk carriers and has contracts for over 20 newbuildings. It also has over 10 vessels chartered-in (of which over eight are chartered in from Ship Finance and over five are chartered in from third parties) and over one vessel chartered-in through a joint venture. Approximately six of the vessels are chartered-out on fixed rate time charters and the other operates in the spot market or fixed on index-linked time charter contracts.

Industry, Sector and Symbol:
  • Sector: Transportation
  • Industry: Deep Sea Freight
  • Sub-Industry: Oil & Gas Storage & Transportation
  • Symbol: NASDAQ:GOGL
  • CUSIP: G5299G10
  • Web: www.goldenocean.bm
Capitalization:
  • Market Cap: $1.16034 billion
  • Outstanding Shares: 129,522,000
Average Prices:
  • 50 Day Moving Avg: $8.59
  • 200 Day Moving Avg: $7.52
  • 52 Week Range: $3.50 - $9.95
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 21.89
  • P/E Growth: 197.15
Sales & Book Value:
  • Annual Revenue: $339.88 million
  • Price / Sales: 3.17
  • Book Value: $10.56 per share
  • Price / Book: 0.79
Profitability:
  • EBITDA: $79.55 million
  • Net Margins: -14.69%
  • Return on Equity: -3.91%
  • Return on Assets: -2.02%
Debt:
  • Debt-to-Equity Ratio: 0.95%
  • Current Ratio: 4.13%
  • Quick Ratio: 4.13%
Misc:
  • Average Volume: 243,303 shs.
  • Beta: 2.33
  • Short Ratio: 4.83
 

Frequently Asked Questions for Golden Ocean Group Limited (NASDAQ:GOGL)

What is Golden Ocean Group Limited's stock symbol?

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

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

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

How were Golden Ocean Group Limited's earnings last quarter?

Golden Ocean Group Limited (NASDAQ:GOGL) announced its quarterly earnings data on Thursday, August, 17th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.13) by $0.03. The company had revenue of $99.86 million for the quarter, compared to analyst estimates of $65.36 million. Golden Ocean Group Limited had a negative net margin of 14.69% and a negative return on equity of 3.91%. View Golden Ocean Group Limited's Earnings History.

When will Golden Ocean Group Limited make its next earnings announcement?

Golden Ocean Group Limited is scheduled to release their next quarterly earnings announcement on Tuesday, November, 28th 2017. View Earnings Estimates for Golden Ocean Group Limited.

Where is Golden Ocean Group Limited's stock going? Where will Golden Ocean Group Limited's stock price be in 2017?

7 analysts have issued twelve-month price targets for Golden Ocean Group Limited's stock. Their forecasts range from $10.00 to $14.00. On average, they anticipate Golden Ocean Group Limited's stock price to reach $11.33 in the next twelve months. View Analyst Ratings for Golden Ocean Group Limited.

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

Who are Golden Ocean Group Limited's key executives?

Golden Ocean Group Limited's management team includes the folowing people:

  • Ola Lorentzon, Chairman of the Board, Chief Executive Officer
  • Birgitte Ringstad Vartdal, Chief Financial Officer - Golden Ocean Management AS
  • Georgina E. Sousa, Company Secretary
  • Hans Petter Aas, Director
  • Kate Blankenship, Director
  • John Fredriksen, Director
  • Gert-Jan Van der Akker, Director

How do I buy Golden Ocean Group Limited stock?

Shares of Golden Ocean Group Limited can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Golden Ocean Group Limited's stock price today?

One share of Golden Ocean Group Limited stock can currently be purchased for approximately $8.32.


MarketBeat Community Rating for Golden Ocean Group Limited (NASDAQ GOGL)
Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  152 (Vote Outperform)
Underperform Votes:  157 (Vote Underperform)
Total Votes:  309
MarketBeat's community ratings are surveys of what our community members think about Golden Ocean Group Limited and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Golden Ocean Group Limited (NASDAQ:GOGL) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Hold Rating, 6 Buy Ratings
Consensus Rating:Buy (Score: 2.86)
Consensus Price Target: $11.33 (36.22% upside)
Consensus Price Target History for Golden Ocean Group Limited (NASDAQ:GOGL)
Price Target History for Golden Ocean Group Limited (NASDAQ:GOGL)
Analysts' Ratings History for Golden Ocean Group Limited (NASDAQ:GOGL)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/17/2017Clarkson CapitalDowngradeBuy -> NeutralN/AView Rating Details
8/18/2017Nordea Equity ResearchUpgradeHold -> BuyLowView Rating Details
7/4/2017J P Morgan Chase & CoUpgradeNeutral -> OverweightHighView Rating Details
7/4/2017DNB MarketsUpgradeHold -> BuyHighView Rating Details
6/13/2017Seaport Global SecuritiesInitiated CoverageBuy -> Buy$10.00MediumView Rating Details
3/28/2017Morgan StanleyUpgradeUnderweight -> Overweight$2.50 -> $10.00HighView Rating Details
3/15/2017Pareto SecuritiesUpgradeHold -> BuyHighView Rating Details
9/6/2016Jefferies Group LLCReiterated RatingBuy$5.00N/AView Rating Details
(Data available from 10/21/2015 forward)

Earnings

Earnings History for Golden Ocean Group Limited (NASDAQ:GOGL)
Earnings by Quarter for Golden Ocean Group Limited (NASDAQ:GOGL)
Earnings History by Quarter for Golden Ocean Group Limited (NASDAQ GOGL)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/30/2017($0.07)N/AView Earnings Details
8/17/20176/30/2017($0.13)($0.10)$65.36 million$99.86 millionViewN/AView Earnings Details
5/24/20173/31/2017($0.14)($0.17)$58.80 million$83.82 millionViewN/AView Earnings Details
11/22/20169/30/2016($0.30)($0.25)$44.37 million$71.01 millionViewN/AView Earnings Details
8/24/2016Q216($0.35)($0.37)$35.00 million$55.57 millionViewListenView Earnings Details
5/24/2016Q116($0.12)($0.13)$42.33 million$45.01 millionViewListenView Earnings Details
11/24/2015Q315($0.11)($0.24)$51.20 million$65.70 millionViewListenView Earnings Details
8/27/2015Q215($0.20)($0.19)$28.20 million$49.33 millionViewListenView Earnings Details
5/28/2015Q115($0.22)($0.18)$34.80 million$18.08 millionViewListenView Earnings Details
2/27/2015Q4 2014($0.07)$0.06$12.90 million$36.68 millionViewN/AView Earnings Details
11/21/2014Q314($0.08)($0.11)$15.48 million$19.34 millionViewN/AView Earnings Details
8/13/2014Q214$0.03$0.02$10.58 million$20.59 millionViewN/AView Earnings Details
5/8/2014Q1 2014$0.07$0.14$7.82 million$20.11 millionViewN/AView Earnings Details
2/5/2014Q4$0.08$0.12ViewN/AView Earnings Details
11/14/2013Q3$0.01$0.04$8.07 millionViewN/AView Earnings Details
5/8/2013Q1 2013($0.02)($0.02)$6.19 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Golden Ocean Group Limited (NASDAQ:GOGL)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q2 20171($0.13)($0.13)($0.13)
Q3 20171($0.04)($0.04)($0.04)
Q4 20171$0.02$0.02$0.02
(Data provided by Zacks Investment Research)

Dividends

Dividend History by Quarter for Golden Ocean Group Limited (NASDAQ GOGL)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
11/21/2014quarterly$0.053.08%12/1/201412/3/201412/10/2014
8/15/2014quarterly$0.206.32%8/26/20148/28/20149/10/2014
5/13/2014quarterly$0.206.03%5/20/20145/22/20146/5/2014
2/6/2014quarterly$0.186.99%2/14/20142/19/20143/6/2014
11/22/2013quarterly$0.189.41%11/26/201311/29/201312/10/2013
11/14/2013$0.1811/26/201311/29/201312/10/2013
8/14/2013quarterly$0.188.67%8/26/20138/28/20139/10/2013
5/15/2013quarterly$0.189.25%5/20/20135/22/20136/5/2013
2/15/2013quarterly$0.1810.62%2/15/20132/20/20133/6/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Golden Ocean Group Limited (NASDAQ:GOGL)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Headline Trends for Golden Ocean Group Limited (NASDAQ:GOGL)
Latest Headlines for Golden Ocean Group Limited (NASDAQ:GOGL)
Source:
DateHeadline
americanbankingnews.com logoGolden Ocean Group Limited (GOGL) & Its Peers Financial Contrast
www.americanbankingnews.com - October 21 at 2:24 AM
nasdaq.com logoGOGL - Equity offering: Issue of New Shares - Nasdaq
www.nasdaq.com - October 20 at 8:17 PM
americanbankingnews.com logoGolden Ocean Group Limited (GOGL) Expected to Announce Quarterly Sales of $81.57 Million
www.americanbankingnews.com - October 20 at 2:00 AM
feeds.benzinga.com logoGOGL - Equity offering successfully placed
feeds.benzinga.com - October 17 at 2:59 AM
streetinsider.com logoGolden Ocean Group Limited (GOGL) Commencement of Equity Offering - StreetInsider.com
www.streetinsider.com - October 16 at 8:54 PM
finance.yahoo.com logoGOGL - Announcement of commencement of equity offering
finance.yahoo.com - October 16 at 8:54 PM
finance.yahoo.com logo4 Reasons These Giant Tech Stocks May Be Unstoppable
finance.yahoo.com - October 12 at 3:01 AM
americanbankingnews.com logoGolden Ocean Group Limited (GOGL) vs. Its Rivals Head-To-Head Analysis
www.americanbankingnews.com - October 11 at 2:10 AM
americanbankingnews.com logoGolden Ocean Group Limited (GOGL) Receives Consensus Rating of "Buy" from Brokerages
www.americanbankingnews.com - October 8 at 4:50 AM
americanbankingnews.com logoGolden Ocean Group Limited (GOGL) and Its Competitors Head to Head Comparison
www.americanbankingnews.com - September 29 at 8:22 PM
finance.yahoo.com logoGOGL - Sale of Six Vessels and Early Delivery of Newbuilding
finance.yahoo.com - September 26 at 4:47 PM
finance.yahoo.com logoGolden Ocean Group Ltd. breached its 50 day moving average in a Bearish Manner : GOGL-US : September 26, 2017
finance.yahoo.com - September 26 at 11:33 AM
seekingalpha.com logoGolden Ocean Group sells six Ultramax vessels
seekingalpha.com - September 25 at 10:32 AM
americanbankingnews.com logoCritical Analysis: Capital Product Partners L.P. (CPLP) vs. Golden Ocean Group Limited (GOGL)
www.americanbankingnews.com - September 23 at 8:50 PM
benzinga.com logo19 Stocks Moving In Friday's Pre-Market Session | Benzinga - Benzinga
www.benzinga.com - September 23 at 12:38 AM
americanbankingnews.com logoHead to Head Analysis: Ardmore Shipping Corporation (ASC) vs. Golden Ocean Group Limited (GOGL)
www.americanbankingnews.com - September 17 at 4:26 AM
finance.yahoo.com logoETFs with exposure to Golden Ocean Group Ltd. : September 14, 2017
finance.yahoo.com - September 14 at 7:52 PM
finance.yahoo.com logoGolden Ocean Group Ltd. :GOGL-US: Earnings Analysis: Q2, 2017 By the Numbers : September 13, 2017
finance.yahoo.com - September 14 at 2:52 AM
americanbankingnews.com logo$74.29 Million in Sales Expected for Golden Ocean Group Limited (GOGL) This Quarter
www.americanbankingnews.com - September 13 at 11:42 AM
americanbankingnews.com logoGolden Ocean Group Limited (GOGL) Receives Consensus Recommendation of "Buy" from Analysts
www.americanbankingnews.com - September 13 at 4:48 AM
americanbankingnews.com logoGolden Ocean Group Limited (GOGL) Expected to Announce Earnings of -$0.09 Per Share
www.americanbankingnews.com - September 11 at 8:28 AM
americanbankingnews.com logoGolden Ocean Group Limited (GOGL) and Navios Maritime Partners (NMM) Head to Head Contrast
www.americanbankingnews.com - September 8 at 6:10 AM
nasdaq.com logo3 Reasons Why Golden Ocean Group (GOGL) is a Great Momentum Stock - Nasdaq
www.nasdaq.com - September 8 at 12:22 AM
americanbankingnews.com logoAnalyzing Golden Ocean Group Limited (GOGL) & Capital Product Partners L.P. (CPLP)
www.americanbankingnews.com - September 7 at 11:00 AM
nasdaq.com logoWhy Golden Ocean Group Limited (GOGL) Could Be Positioned for a Surge? - Nasdaq
www.nasdaq.com - August 30 at 9:32 PM
finance.yahoo.com logoWhy Golden Ocean Group Limited (GOGL) Could Be Positioned for a Surge?
finance.yahoo.com - August 30 at 4:30 PM
americanbankingnews.com logoGolden Ocean Group Limited (GOGL) Expected to Post Quarterly Sales of $74.29 Million
www.americanbankingnews.com - August 25 at 3:20 AM
americanbankingnews.com logoGolden Ocean Group Limited (GOGL) to Post Earnings on Thursday
www.americanbankingnews.com - August 24 at 1:14 AM
americanbankingnews.com logoHead-To-Head Analysis: Ardmore Shipping Corporation (ASC) & Golden Ocean Group Limited (GOGL)
www.americanbankingnews.com - August 22 at 10:24 PM
americanbankingnews.com logoContrasting DryShips (DRYS) and Golden Ocean Group Limited (GOGL)
www.americanbankingnews.com - August 22 at 2:10 AM
americanbankingnews.com logoSeaport Global Securities Analysts Raise Earnings Estimates for Golden Ocean Group Limited (GOGL)
www.americanbankingnews.com - August 21 at 3:16 AM
americanbankingnews.com logoGolden Ocean Group Limited (GOGL) Receives Average Recommendation of "Buy" from Analysts
www.americanbankingnews.com - August 19 at 4:34 AM
streetinsider.com logoGolden Ocean Group Limited (GOGL) Reports In-Line Q2 EPS, Beats on Revenues
www.streetinsider.com - August 18 at 7:00 PM
americanbankingnews.com logoGolden Ocean Group Limited (GOGL) Upgraded at Nordea Equity Research
www.americanbankingnews.com - August 18 at 8:12 AM
finance.yahoo.com logoGOGL - Q2 2017 Presentation
finance.yahoo.com - August 18 at 2:50 AM
finance.yahoo.com logoInvestor Network: Golden Ocean Group Ltd to Host Earnings Call
finance.yahoo.com - August 18 at 2:50 AM
finance.yahoo.com logoEdited Transcript of GOGL earnings conference call or presentation 17-Aug-17 1:00pm GMT
finance.yahoo.com - August 18 at 2:50 AM
americanbankingnews.com logoGolden Ocean Group Limited (GOGL) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS
www.americanbankingnews.com - August 17 at 9:00 AM
nasdaq.com logoPre-Market Earnings Report for August 17, 2017 : WMT, BABA, MSG, LANC, GOGL, BKE, LYTS, SSI - Nasdaq
www.nasdaq.com - August 17 at 5:20 AM
nasdaq.com logoGOGL - Second Quarter 2017 Results - Nasdaq
www.nasdaq.com - August 17 at 5:20 AM
feeds.benzinga.com logoGOGL - Second Quarter 2017 Results
feeds.benzinga.com - August 17 at 2:48 AM
americanbankingnews.com logoGolden Ocean Group Limited (NASDAQ:GOGL) Scheduled to Post Earnings on Thursday
www.americanbankingnews.com - August 14 at 10:47 AM
finance.yahoo.com logoFacebook launches ‘Watch’ to take on TV
finance.yahoo.com - August 12 at 6:20 PM
finance.yahoo.com logoGOGL - Invitation to presentation of Q2 2017 Results
finance.yahoo.com - August 11 at 12:54 AM
americanbankingnews.com logo Analysts Expect Golden Ocean Group Limited (NASDAQ:GOGL) Will Post Quarterly Sales of $65.36 Million
www.americanbankingnews.com - August 7 at 8:58 AM
americanbankingnews.com logoGolden Ocean Group Limited (NASDAQ:GOGL) Sees Significant Growth in Short Interest
www.americanbankingnews.com - July 29 at 7:10 AM
americanbankingnews.com logoGolden Ocean Group Limited (NASDAQ:GOGL) Receives Average Rating of "Buy" from Brokerages
www.americanbankingnews.com - July 25 at 8:43 AM
finance.yahoo.com logoETFs with exposure to Golden Ocean Group Ltd. : July 21, 2017
finance.yahoo.com - July 22 at 12:41 AM
americanbankingnews.com logo$64.09 Million in Sales Expected for Golden Ocean Group Limited (GOGL) This Quarter
www.americanbankingnews.com - July 16 at 9:40 AM
finance.yahoo.com logoGolden Ocean Group Ltd. breached its 50 day moving average in a Bullish Manner : GOGL-US : July 12, 2017
finance.yahoo.com - July 12 at 7:52 PM

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Chart

Golden Ocean Group Limited (GOGL) Chart for Saturday, October, 21, 2017

This page was last updated on 10/21/2017 by MarketBeat.com Staff

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