Golden Ocean Group Stock Forecast, Price & News

1 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 for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Golden Ocean Group stock. 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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1 Wall Street research analysts have issued 12-month price targets for Golden Ocean Group's stock. Their GOGL stock forecasts range from $13.00 to $13.00. On average, they expect Golden Ocean Group's share price to reach $13.00 in the next twelve months. This suggests a possible upside of 20.9% from the stock's current price.
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Golden Ocean Group's stock was trading at $9.30 on January 1st, 2022. Since then, GOGL shares have increased by 15.6% and is now trading at $10.75.
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Golden Ocean Group is scheduled to release its next quarterly earnings announcement on Thursday, August 25th 2022.
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Golden Ocean Group Limited (NASDAQ:GOGL) issued its quarterly earnings data on Wednesday, May, 18th. The shipping company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.35 by $0.18. 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 in the prior year, the firm posted $0.14 earnings per share.
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Golden Ocean Group announced a quarterly dividend on Thursday, May 19th. Investors 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 annualized dividend and a dividend yield of 18.60%. The ex-dividend date is Tuesday, May 31st.
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Golden Ocean Group(NASDAQ:GOGL) pays an annual dividend of $2.00 per share and currently has a dividend yield of 18.60%. GOGL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Golden Ocean Group is 64.10%. This payout ratio is at a healthy, sustainable level, below 75%.
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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 market closes 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.

Some companies that are related to Golden Ocean Group include Kinder Morgan (KMI), Williams Companies (WMB), Cheniere Energy (LNG), Targa Resources (TRGP), Golar LNG (GLNG), Scorpio Tankers (STNG), Frontline (FRO), SFL (SFL), Teekay Tankers (TNK), Nordic American Tankers (NAT) and Teekay (TK).
View all of GOGL's competitors.

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."

Shares of GOGL 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 $10.75.

Golden Ocean Group (NASDAQ:GOGL) has a market capitalization of $1.54 billion and generates $1.20 billion in revenue each year. The shipping company earns $527.22 million in net income (profit) each year or $3.119990 on an earnings per share basis.

Golden Ocean Group employs 37 workers across the globe.

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 Golden Ocean Group 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.