Golden Ocean Group - GOGL Stock Forecast, Price & News

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

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.

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.

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.

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.

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 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%).

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.
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One share of GOGL stock can currently be purchased for approximately $7.69.

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.

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.