Golden 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: $873.33 million
- Outstanding Shares: 124,672,000
Average Prices:- 50 Day Moving Avg: $6.39
- 200 Day Moving Avg: $6.59
- 52 Week Range: $3.22 - $9.05
P/E:- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 38.92
- P/E Growth: 94.60
Sales & Book Value:- Annual Revenue: $294.62 million
- Price / Sales: 2.96
- Book Value: $11.21 per share
- Price / Book: 0.62
Profitability:- EBIDTA: $49.02 million
- Net Margins: -26.08%
- Return on Equity: -5.71%
- Return on Assets: -2.98%
Debt:- Debt-to-Equity Ratio: 0.83%
- Current Ratio: 2.97%
- Quick Ratio: 2.97%
Misc:- Average Volume: 369,089 shs.
- Beta: 2.35
- Short Ratio: 2.29
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's stock reverse split before market open 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 earnings results on Wednesday, May, 24th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.14) by $0.03. The firm had revenue of $83.82 million for the quarter, compared to analyst estimates of $58.80 million. Golden Ocean Group Limited had a negative return on equity of 5.71% and a negative net margin of 26.08%. View Golden Ocean Group Limited's Earnings History.
When will Golden Ocean Group Limited make its next earnings announcement?
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 1 year price targets for Golden Ocean Group Limited's shares. Their predictions range from $5.00 to $14.00. On average, they expect Golden Ocean Group Limited's stock price to reach $9.75 in the next year. View Analyst Ratings for Golden Ocean Group Limited.
Are investors shorting Golden Ocean Group Limited?
Golden Ocean Group Limited saw a increase in short interest in July. As of July 14th, there was short interest totalling 1,131,860 shares, an increase of 36.3% from the June 30th total of 830,525 shares. Based on an average trading volume of 267,682 shares, the days-to-cover ratio is currently 4.2 days. Approximately 1.7% of the company's shares are short sold.
Who are some of Golden Ocean Group Limited's key competitors?
Some companies that are related to Golden Ocean Group Limited include Seaspan Corporation (SSW), Star Bulk Carriers Corp. (SBLK), Costamare (CMRE), Scorpio Bulkers (SALT), Capital Product Partners L.P. (CPLP), Tsakos Energy Navigation Ltd (TNP), Diana Shipping inc. (DSX), Ardmore Shipping Corporation (ASC), Safe Bulkers (SB), Navios Maritime Partners LP (NMM), Danaos Corporation (DAC), StealthGas (GASS), Hornbeck Offshore Services (HOS), Global Ship Lease (GSL), Euroseas (ESEA), Baltic Trading Ltd (BALT), Diana Containerships (DCIX) and DryShips (DRYS).
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
- Herman A. Billung, Director
- Kate Blankenship, Director
- John Fredriksen, Director
- Robert D. Somerville, Director
Who owns Golden Ocean Group Limited stock?
Who sold Golden Ocean Group Limited stock? Who is selling Golden Ocean Group Limited stock?
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 $7.01.
MarketBeat Community Rating for Golden Ocean Group Limited (NASDAQ GOGL)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.
Consensus Ratings for Golden Ocean Group Limited (NASDAQ:GOGL) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Hold Rating, 6 Buy Ratings |
| Consensus Rating: | Buy (Score: 2.86) |
| Consensus Price Target: | $9.75 (39.19% upside) |
Analysts' Ratings History for Golden Ocean Group Limited (NASDAQ:GOGL)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 7/4/2017 | J P Morgan Chase & Co | Upgrade | Neutral -> Overweight | | High |  |
| 7/4/2017 | DNB Markets | Upgrade | Hold -> Buy | | High | |
| 6/13/2017 | Seaport Global Securities | Initiated Coverage | Buy -> Buy | $10.00 | Medium | |
| 3/28/2017 | Morgan Stanley | Upgrade | Underweight -> Overweight | $2.50 -> $10.00 | High | |
| 3/15/2017 | Pareto Securities | Upgrade | Hold -> Buy | | High | |
| 11/22/2016 | Nordea Equity Research | Downgrade | Buy -> Hold | | N/A | |
| 9/6/2016 | Jefferies Group LLC | Reiterated Rating | Buy | $5.00 | N/A | |
| 6/17/2016 | Clarkson Capital | Reiterated Rating | Buy | | N/A | |
(Data available from 7/26/2015 forward)
Earnings History for Golden Ocean Group Limited (NASDAQ:GOGL)Earnings History by Quarter for Golden Ocean Group Limited (NASDAQ GOGL)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 8/31/2017 | | ($0.11) | | | | | N/A | |
| 5/24/2017 | 3/31/2017 | ($0.14) | ($0.17) | $58.80 million | $83.82 million | View | N/A | |
| 11/22/2016 | 9/30/2016 | ($0.30) | ($0.25) | $44.37 million | $71.01 million | View | N/A | |
| 8/24/2016 | Q216 | ($0.35) | ($0.37) | $35.00 million | $55.57 million | View | Listen | |
| 5/24/2016 | Q116 | ($0.12) | ($0.13) | $42.33 million | $45.01 million | View | Listen | |
| 11/24/2015 | Q315 | ($0.11) | ($0.24) | $51.20 million | $65.70 million | View | Listen | |
| 8/27/2015 | Q215 | ($0.20) | ($0.19) | $28.20 million | $49.33 million | View | Listen | |
| 5/28/2015 | Q115 | ($0.22) | ($0.18) | $34.80 million | $18.08 million | View | Listen | |
| 2/27/2015 | Q4 2014 | ($0.07) | $0.06 | $12.90 million | $36.68 million | View | N/A | |
| 11/21/2014 | Q314 | ($0.08) | ($0.11) | $15.48 million | $19.34 million | View | N/A | |
| 8/13/2014 | Q214 | $0.03 | $0.02 | $10.58 million | $20.59 million | View | N/A | |
| 5/8/2014 | Q1 2014 | $0.07 | $0.14 | $7.82 million | $20.11 million | View | N/A | |
| 2/5/2014 | Q4 | $0.08 | $0.12 | | | View | N/A | |
| 11/14/2013 | Q3 | $0.01 | $0.04 | $8.07 million | | View | N/A | |
| 5/8/2013 | Q1 2013 | ($0.02) | ($0.02) | $6.19 million | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Golden Ocean Group Limited (NASDAQ:GOGL)| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q2 2017 | 1 | ($0.13) | ($0.13) | ($0.13) |
| Q3 2017 | 1 | ($0.11) | ($0.11) | ($0.11) |
| Q4 2017 | 1 | ($0.10) | ($0.10) | ($0.10) |
(Data provided by Zacks Investment Research)
Dividend History by Quarter for Golden Ocean Group Limited (NASDAQ GOGL)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 11/21/2014 | quarterly | $0.05 | 3.08% | 12/1/2014 | 12/3/2014 | 12/10/2014 |
| 8/15/2014 | quarterly | $0.20 | 6.32% | 8/26/2014 | 8/28/2014 | 9/10/2014 |
| 5/13/2014 | quarterly | $0.20 | 6.03% | 5/20/2014 | 5/22/2014 | 6/5/2014 |
| 2/6/2014 | quarterly | $0.18 | 6.99% | 2/14/2014 | 2/19/2014 | 3/6/2014 |
| 11/22/2013 | quarterly | $0.18 | 9.41% | 11/26/2013 | 11/29/2013 | 12/10/2013 |
| 11/14/2013 | | $0.18 | | 11/26/2013 | 11/29/2013 | 12/10/2013 |
| 8/14/2013 | quarterly | $0.18 | 8.67% | 8/26/2013 | 8/28/2013 | 9/10/2013 |
| 5/15/2013 | quarterly | $0.18 | 9.25% | 5/20/2013 | 5/22/2013 | 6/5/2013 |
| 2/15/2013 | quarterly | $0.18 | 10.62% | 2/15/2013 | 2/20/2013 | 3/6/2013 |
(Data available from 1/1/2013 forward)
Insider Trading History for Golden Ocean Group Limited (NASDAQ:GOGL)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Golden Ocean Group Limited (NASDAQ:GOGL)
Latest Headlines for Golden Ocean Group Limited (NASDAQ:GOGL)
| Source: |
|
| Date | Headline |
|---|
 | Golden Ocean Group Limited (NASDAQ:GOGL) Receives Average Rating of "Buy" from Brokerages
www.americanbankingnews.com - July 25 at 8:43 AM |
 | ETFs with exposure to Golden Ocean Group Ltd. : July 21, 2017
finance.yahoo.com - July 22 at 12:41 AM |
| $64.09 Million in Sales Expected for Golden Ocean Group Limited (GOGL) This Quarter
www.americanbankingnews.com - July 16 at 9:40 AM |
| Zacks: Analysts Expect Golden Ocean Group Limited (NASDAQ:GOGL) to Announce -$0.13 Earnings Per Share
www.americanbankingnews.com - July 14 at 9:46 AM |
| Golden 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 |
 | GOGL - Delivery of dry bulk vessel - NASDAQ.com - Nasdaq
www.nasdaq.com - July 12 at 1:19 AM |
| ETFs with exposure to Golden Ocean Group Ltd. : July 10, 2017
finance.yahoo.com - July 10 at 7:07 PM |
| Golden Ocean Group Limited (NASDAQ:GOGL) Lifted to "Buy" at BidaskClub
www.americanbankingnews.com - July 6 at 11:28 PM |
| Golden Ocean Group Limited (GOGL) Stock Rating Lowered by Zacks Investment Research
www.americanbankingnews.com - June 29 at 12:16 AM |
| Golden Ocean Group Ltd. breached its 50 day moving average in a Bullish Manner : GOGL-US : June 28, 2017
finance.yahoo.com - June 28 at 6:46 PM |
| Golden Ocean Group Limited (GOGL) Given Consensus Rating of "Buy" by Analysts
www.americanbankingnews.com - June 28 at 8:22 AM |
| ETFs with exposure to Golden Ocean Group Ltd. : June 27, 2017
finance.yahoo.com - June 27 at 5:43 PM |
| Golden Ocean Group Ltd. :GOGL-US: Earnings Analysis: Q1, 2017 By the Numbers : June 26, 2017
finance.yahoo.com - June 26 at 7:12 PM |
 | BRIEF-Golden Ocean Group takes delivery of vessel Sea Opal
www.reuters.com - June 21 at 7:10 PM |
 | Golden Ocean Group (GOGL) Presents At The Maritime Investment Forum - Presentation
seekingalpha.com - June 21 at 7:10 PM |
 | GOGL - Delivery of dry bulk vessel Oslo Stock Exchange:GOGL - GlobeNewswire (press release)
globenewswire.com - June 19 at 9:29 PM |
| Analysts Issue Forecasts for Golden Ocean Group Limited's Q2 2017 Earnings (GOGL)
www.americanbankingnews.com - June 15 at 8:12 AM |
| BRIEF-Golden Ocean Group says entered deals to buy 16 modern dry bulk vessels
www.reuters.com - June 13 at 10:17 PM |
| Golden Ocean Group updates on delivery, catches upgrade
seekingalpha.com - June 13 at 10:17 PM |
 | Golden Ocean Group Limited (GOGL) Reports Delivery of Dry Bulk Vessel
www.streetinsider.com - June 13 at 10:17 PM |
| Golden Ocean Group Limited (GOGL) Reports Delivery of Dry Bulk Vessel - StreetInsider.com
www.streetinsider.com - June 13 at 11:12 AM |
| Golden Ocean Group Limited (GOGL) Earns Buy Rating from Analysts at Seaport Global Securities
www.americanbankingnews.com - June 13 at 8:14 AM |
| Earnings Highlights and Review: Safe Bulkers' Q1 Top-line Surged 35% Y-o-Y; Beat Market Expectations
finance.yahoo.com - June 8 at 6:29 PM |
| Golden Ocean Group Ltd (GOGL) Given Consensus Rating of "Buy" by Analysts
www.americanbankingnews.com - June 2 at 8:50 PM |
| BRIEF-Golden Ocean Group says taken delivery of additional vessel, Q Houston
www.reuters.com - June 1 at 6:18 PM |
| Zacks Investment Research Lowers Golden Ocean Group Ltd (GOGL) to Hold
www.americanbankingnews.com - May 27 at 12:58 AM |
| Golden Ocean Group Ltd (GOGL) Releases Earnings Results, Hits Expectations
www.americanbankingnews.com - May 25 at 8:01 AM |
| Edited Transcript of GOGL earnings conference call or presentation 24-May-17 1:00pm GMT
finance.yahoo.com - May 24 at 10:20 PM |
| BRIEF-Golden Ocean Group Q1 loss per share $0.17
www.reuters.com - May 24 at 5:19 PM |
| Golden Ocean Group's (GOGL) Birgitte Vartdal on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - May 24 at 5:19 PM |
| BUZZ-U.S. STOCKS ON THE MOVE-Lowe's, Tiffany's, Chico's, Container Store, Tilly's, Inovio - Nasdaq
www.nasdaq.com - May 24 at 11:55 AM |
| GOGL - First Quarter 2017 Results - Nasdaq
www.nasdaq.com - May 24 at 11:55 AM |
| GOGL - First Quarter 2017 Results
finance.yahoo.com - May 24 at 11:55 AM |
| GOGL - Q1 2017 Presentation
finance.yahoo.com - May 24 at 11:55 AM |
| Investor Network: Golden Ocean Group Ltd. to Host Earnings Call
finance.yahoo.com - May 24 at 11:55 AM |
| BRIEF-GOGL- agreements to acquire 16 modern dry bulk vessels in all-share deal
www.reuters.com - May 23 at 11:43 AM |
| GOGL - Invitation to presentation of Q1 2017 Results
finance.yahoo.com - May 18 at 9:50 AM |
| GOGL - Delivery of two dry bulk vessels - Nasdaq
www.nasdaq.com - May 16 at 5:26 PM |
| GOGL - Delivery of dry bulk vessel - Nasdaq
www.nasdaq.com - May 16 at 5:26 PM |
| GOGL - Delivery of dry bulk vessel
finance.yahoo.com - May 16 at 11:30 AM |
| GOGL - Delivery of two dry bulk vessels
finance.yahoo.com - May 15 at 11:16 AM |
| Short Interest in Golden Ocean Group Ltd (GOGL) Declines By 40.4%
www.americanbankingnews.com - May 13 at 8:44 AM |
| Golden Ocean Group Ltd (GOGL) Given Average Recommendation of "Buy" by Analysts
www.americanbankingnews.com - May 8 at 4:36 PM |
| Golden Ocean Group Limited (GOGL) Takes Delivery of Dry Bulk Vessel - StreetInsider.com
www.streetinsider.com - May 4 at 10:41 PM |
| Golden Ocean Group Ltd. – Value Analysis (NASDAQ:GOGL) : May 4, 2017
finance.yahoo.com - May 4 at 5:38 PM |
| BRIEF-Golden Ocean to acquire 16 dry bulk vessels
www.reuters.com - May 4 at 12:05 PM |
| Golden Ocean Group (GOGL) Earns News Impact Score of 0.27
www.americanbankingnews.com - May 4 at 10:17 AM |
| Golden Ocean Group Limited (GOGL) Takes Delivery of Dry Bulk Vessel
www.streetinsider.com - May 3 at 10:18 PM |
 | Golden Ocean Group Limited: GOGL: Delivery of dry bulk vessel
www.finanznachrichten.de - May 3 at 5:16 PM |
| Golden Ocean Group Ltd. breached its 50 day moving average in a Bearish Manner : GOGL-US : May 3, 2017
finance.yahoo.com - May 3 at 5:16 PM |
Golden Ocean Group Limited (GOGL) Chart for Wednesday, July, 26, 2017
