NASDAQ:GOGL - Golden Ocean Group Stock Price, News, & Analysis

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$4.96 -0.16 (-3.13 %)
(As of 03/25/2019 10:55 AM ET)
Previous Close$5.12
Today's Range$4.95 - $5.03
52-Week Range$4.61 - $10.05
Volume3,201 shs
Average Volume297,744 shs
Market Capitalization$715.48 million
P/E Ratio8.26
Dividend Yield3.91%
Beta1.81
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 20, 2018, it owned 68 dry bulk vessels, as well as had 10 chartered-in vessels. The company is based in Hamilton, Bermuda.

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Industry, Sector and Symbol

Industry Water transportation
Sub-IndustryOil & Gas Storage & Transportation
SectorTransportation
Current SymbolNASDAQ:GOGL
Previous SymbolNASDAQ:VLCCF
CUSIPG5299G10
Phone1-441-295-6935

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$656.07 million
Cash Flow$1.3156 per share
Book Value$10.56 per share

Profitability

Net Income$84.53 million

Miscellaneous

EmployeesN/A
Market Cap$715.48 million
Next Earnings Date5/29/2019 (Estimated)
OptionableOptionable

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 Wednesday, February 20th. Stockholders of record on Thursday, March 7th will be given a dividend of $0.05 per share on Thursday, March 21st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date of this dividend is Wednesday, March 6th. 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's stock 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 earnings results on Tuesday, February, 19th. The shipping company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.06 by $0.10. The shipping company earned $131.92 million during the quarter, compared to the consensus estimate of $106.10 million. Golden Ocean Group had a return on equity of 5.65% and a net margin of 12.89%. 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 Wednesday, May 29th 2019. View Earnings Estimates for Golden Ocean Group.

What price target have analysts set for GOGL?

5 brokers have issued 12-month price targets for Golden Ocean Group's stock. Their forecasts range from $9.50 to $13.00. On average, they anticipate Golden Ocean Group's share price to reach $10.8750 in the next year. This suggests a possible upside of 119.3% from the stock's current price. View Analyst Price Targets for Golden Ocean Group.

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

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Golden Ocean Group in the last year. There are currently 1 sell rating, 1 hold rating and 3 buy ratings 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 coverage about GOGL stock has trended positive this week, according to InfoTrie Sentiment. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Golden Ocean Group earned a news impact score of 3.0 on InfoTrie's scale. They also assigned media coverage about the shipping company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the near future.

Are investors shorting Golden Ocean Group?

Golden Ocean Group saw a increase in short interest during the month of February. As of February 28th, there was short interest totalling 773,596 shares, an increase of 37.0% from the February 15th total of 564,599 shares. Based on an average daily trading volume, of 281,550 shares, the days-to-cover ratio is presently 2.7 days. Approximately 0.9% of the company's stock are sold short. 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 Micron Technology (MU), Star Bulk Carriers (SBLK), Eyepoint Pharmaceuticals (EYPT), NVIDIA (NVDA), TSAKOS ENERGY N/SH (TNP), Zoetis (ZTS), Intel (INTC), 3M (MMM), General Electric (GE) and General Finance (GFN).

Who are Golden Ocean Group's key executives?

Golden Ocean Group's management team includes the folowing people:
  • Ms. Birgitte Ringstad Vartdal, Chief Exec. Officer of Golden Ocean Management AS (Age 42)
  • 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)
  • 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 retail and institutional investors. Top institutional investors include Riverstone Holdings LLC (2.88%), Duff & Phelps Investment Management Co. (0.56%), Segall Bryant & Hamill LLC (0.48%), Citigroup Inc. (0.39%), CarVal Investors LLC (0.28%) and Dimensional Fund Advisors LP (0.24%).

Which major investors are selling Golden Ocean Group stock?

GOGL stock was sold by a variety of institutional investors in the last quarter, including Barclays PLC, Bank of America Corp DE, Riverstone Holdings LLC, California Public Employees Retirement System, Dimensional Fund Advisors LP and Dimensional Fund Advisors LP.

Which major investors are buying Golden Ocean Group stock?

GOGL stock was purchased by a variety of institutional investors in the last quarter, including Segall Bryant & Hamill LLC, CarVal Investors LLC, Citigroup Inc., Millennium Management LLC, Duff & Phelps Investment Management Co., Gotham Asset Management LLC, GSA Capital Partners LLP and Northern Trust Corp.

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, Scottrade, Fidelity and Charles Schwab.

What is Golden Ocean Group's stock price today?

One share of GOGL stock can currently be purchased for approximately $4.96.

How big of a company is Golden Ocean Group?

Golden Ocean Group has a market capitalization of $715.48 million and generates $656.07 million in revenue each year. The shipping company earns $84.53 million in net income (profit) each year or $0.60 on an earnings per share basis.

What is Golden Ocean Group's official website?

The official website for Golden Ocean Group is http://www.goldenocean.no.

How can I contact Golden Ocean Group?

Golden Ocean Group's mailing address is Par-la-Ville Place 14 Par-la-Ville Road, HAMILTON D0, HM 08. The shipping company can be reached via phone at 1-441-295-6935 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:  286 (Vote Outperform)
Underperform Votes:  324 (Vote Underperform)
Total Votes:  610
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 3/25/2019 by MarketBeat.com Staff

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