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NASDAQ:GOGL

Golden Ocean Group - GOGL Stock Forecast, Price & News

$7.69
-0.59 (-7.13%)
(As of 09/26/2022 05:33 PM ET)
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Today's Range
$7.60
$7.96
50-Day Range
$8.28
$11.58
52-Week Range
$7.59
$16.46
Volume
4.72 million shs
Average Volume
3.84 million shs
Market Capitalization
$1.10 billion
P/E Ratio
2.26
Dividend Yield
28.99%
Price Target
$11.50

Golden Ocean Group MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
49.5% Upside
$11.50 Price Target
Short Interest
Bearish
8.13% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.53mentions of Golden Ocean Group in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-23.64%
From $2.20 to $1.68 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.32 out of 5 stars

Transportation Sector

46th out of 125 stocks

Water Transportation Industry

3rd out of 20 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 comprising Newcastlemax, Capesize, Panamax, and Ultramax vessels worldwide. It owns and operates dry bulk vessels in the spot and time charter markets. The company transports bulk commodities, such as ores, coal, grains, and fertilizers. As of March 23, 2022, it owned a fleet of 81 dry bulk vessels. Golden Ocean Group Limited is based in Hamilton, Bermuda.

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GOGL Stock News Headlines

Golden Ocean Group (NASDAQ:GOGL) Reaches New 1-Year Low at $7.59
Golden Ocean Group (NASDAQ:GOGL) Shares Gap Down to $8.89
Golden Ocean Group Limited (GOGL.OL)
Why Golden Ocean Stock Dropped on Tuesday
Golden Ocean Group Limited: GOGL - Q2 2022 Presentation
Golden Ocean Group Limited
Golden Ocean Clocks 15% Revenue Growth In Q2
GOGL – Q2 2022 Presentation
GOGL – Second Quarter 2022 Results
GOGL - Invitation to presentation of Q2 2022 Results
GOGL – Notice of Annual General Meeting 2022
GOGL – 2021 Annual ESG Report
Assessing Golden Ocean's Dividend Prospects
Golden Ocean Group Becomes Oversold
See More Headlines
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GOGL Company Calendar

Last Earnings
8/24/2022
Ex-Dividend for 9/14 Dividend
9/06/2022
Dividend Payable
9/14/2022
Today
9/26/2022
Next Earnings (Estimated)
11/23/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Water transportation
Sub-Industry
Oil & Gas Storage & Transportation
Current Symbol
NASDAQ:GOGL
Previous Symbol
NASDAQ:VLCCF
CUSIP
G5299G10
Employees
37
Year Founded
2004

Price Target and Rating

Average Stock Price Forecast
$11.50
High Stock Price Forecast
$13.00
Low Stock Price Forecast
$10.00
Forecasted Upside/Downside
+49.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$527.22 million
Pretax Margin
50.96%

Debt

Sales & Book Value

Annual Sales
$1.20 billion
Cash Flow
$4.18 per share
Book Value
$13.46 per share

Miscellaneous

Free Float
N/A
Market Cap
$1.10 billion
Optionable
Optionable
Beta
1.28

Social Links


Key Executives

  • Mr. Ulrik Uhrenfeldt Andersen (Age 43)
    Chief Exec. Officer of Golden Ocean Management AS
  • Mr. Peder Carl Gram Simonsen (Age 48)
    Chief Financial Officer of Golden Ocean Management AS
  • Mr. Lars-Christian Svensen (Age 36)
    Chief Commercial 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?

2 Wall Street equities 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 equities 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 2022?

2 equities research analysts have issued 12 month target prices for Golden Ocean Group's stock. Their GOGL share price forecasts range from $10.00 to $13.00. On average, they anticipate the company's stock price to reach $11.50 in the next year. This suggests a possible upside of 49.5% 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 2022?

Golden Ocean Group's stock was trading at $9.30 at the beginning of 2022. Since then, GOGL shares have decreased by 17.3% and is now trading at $7.69.
View the best growth stocks for 2022 here
.

When is Golden Ocean Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 23rd 2022.
View our GOGL earnings forecast
.

How were Golden Ocean Group's earnings last quarter?

Golden Ocean Group Limited (NASDAQ:GOGL) announced its quarterly earnings results on Wednesday, August, 24th. The shipping company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.20. Golden Ocean Group had a net margin of 50.93% and a trailing twelve-month return on equity of 34.56%. During the same period last year, the company earned $0.52 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 Friday, August 26th. Shareholders of record on Wednesday, September 7th will be paid a dividend of $0.60 per share on Wednesday, September 14th. This represents a $2.40 dividend on an annualized basis and a yield of 31.21%. The ex-dividend date of this dividend is Tuesday, September 6th. This is an increase from the stock's previous quarterly dividend of $0.50.
Read our dividend analysis for GOGL
.

Is Golden Ocean Group a good dividend stock?

Golden Ocean Group (NASDAQ:GOGL) pays an annual dividend of $2.40 per share and currently has a dividend yield of 28.99%. GOGL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 70.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, GOGL will have a dividend payout ratio of 142.86% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for GOGL.

When did Golden Ocean Group's stock split?

Shares of Golden Ocean Group 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 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 institutional and retail investors. Top institutional investors include Folketrygdfondet (5.30%), Goldman Sachs Group Inc. (4.88%), Renaissance Technologies LLC (1.85%), FMR LLC (1.41%), State Street Corp (1.16%) and Russell Investments Group Ltd. (0.97%).

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 $1.10 billion and generates $1.20 billion in revenue each year. The shipping company earns $527.22 million in net income (profit) each year or $3.41 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 9/26/2022 by MarketBeat.com Staff

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