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 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GOGL shares.
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2 brokers have issued 12-month target prices for Golden Ocean Group's stock. Their GOGL share price forecasts range from $13.00 to $14.00. On average, they expect the company's share price to reach $13.50 in the next year. This suggests a possible upside of 23.6% from the stock's current price.
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Golden Ocean Group's stock was trading at $9.30 at the start of the year. Since then, GOGL shares have increased by 17.4% and is now trading at $10.92.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 25th 2022.
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Golden Ocean Group Limited (NASDAQ:GOGL) announced its earnings results on Thursday, May, 19th. The shipping company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.18. The shipping company earned $208.91 million during the quarter, compared to analysts' expectations of $192.70 million. Golden Ocean Group had a net margin of 48.00% and a trailing twelve-month return on equity of 32.03%. During the same period in the prior year, the business earned $0.14 EPS.

Golden Ocean Group announced a quarterly dividend on Thursday, May 19th. Shareholders 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 18.32%. 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 17.27%. 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 shares 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 market closes 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 retail and institutional investors. Top institutional investors include Folketrygdfondet (5.30%), Renaissance Technologies LLC (1.85%), FMR LLC (1.41%), State Street Corp (1.16%), Russell Investments Group Ltd. (0.97%) and Northern Trust Corp (0.62%).

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 $10.92.

Golden Ocean Group (NASDAQ:GOGL) has a market capitalization of $1.57 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.