Golden Ocean Group - GOGL Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Golden Ocean Group in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" GOGL shares.
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2 brokerages have issued twelve-month target prices for Golden Ocean Group's shares. Their GOGL share price forecasts range from $13.00 to $14.00. On average, they expect the company's stock price to reach $13.50 in the next year. This suggests a possible upside of 17.8% from the stock's current price.
View analysts price targets for GOGL or view top-rated stocks among Wall Street analysts.

Golden Ocean Group's stock was trading at $9.30 at the beginning of 2022. Since then, GOGL stock has increased by 23.2% and is now trading at $11.46.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 25th 2022.
View our GOGL earnings forecast.

Golden Ocean Group Limited (NASDAQ:GOGL) released its quarterly earnings results on Thursday, May, 19th. The shipping company reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.18. The shipping company had revenue of $208.91 million for the quarter, compared to analyst estimates of $192.70 million. Golden Ocean Group had a trailing twelve-month return on equity of 32.03% and a net margin of 48.00%. During the same quarter last year, the business earned $0.14 EPS.

Golden Ocean Group announced a quarterly dividend on Thursday, May 19th. Stockholders of record on Wednesday, June 1st will be paid a dividend of $0.50 per share on Wednesday, June 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 17.45%. The ex-dividend date of this dividend is Tuesday, May 31st.
Read our dividend analysis for GOGL.

Golden Ocean Group (NASDAQ:GOGL) pays an annual dividend of $2.00 per share and currently has a dividend yield of 18.48%. GOGL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 64.10%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for GOGL.

Golden Ocean Group's stock reverse split on the morning of 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 shareholders include Folketrygdfondet (5.30%), Russell Investments Group Ltd. (0.97%), Connor Clark & Lunn Investment Management Ltd. (0.57%), Prospera Financial Services Inc (0.29%), Swiss National Bank (0.22%) and National Bank of Canada FI (0.10%).

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 $11.46.

Golden Ocean Group (NASDAQ:GOGL) has a market capitalization of $1.64 billion and generates $1.20 billion in revenue each year. The shipping company earns $527.22 million in net income (profit) each year or $3.12 on an earnings per share basis.

Golden Ocean Group was founded in 2004.

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.