Golden Ocean Group Limited Company Profile (NASDAQ:GOGL)

About Golden Ocean Group Limited (NASDAQ:GOGL)

Golden Ocean Group Limited logoGolden 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?

Golden Ocean Group Limited is scheduled to release their next quarterly earnings announcement on Thursday, August, 31st 2017. View Earnings Estimates for Golden Ocean Group Limited.

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?

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?

Golden Ocean Group Limited's stock is owned by many different of institutional and retail investors. Top institutional investors include Russell Investments Group Ltd. (0.93%). View Institutional Ownership Trends for Golden Ocean Group Limited.

Who sold Golden Ocean Group Limited stock? Who is selling Golden Ocean Group Limited stock?

Golden Ocean Group Limited's stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd.. View Insider Buying and Selling for Golden Ocean Group Limited.

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)
Community Ranking:  2.5 out of 5 (  )
Outperform Votes:  116 (Vote Outperform)
Underperform Votes:  118 (Vote Underperform)
Total Votes:  234
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.

Analyst Ratings

Consensus Ratings for Golden Ocean Group Limited (NASDAQ:GOGL) (How are Consensus Ratings Calculated?)
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:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
7/4/2017J P Morgan Chase & CoUpgradeNeutral -> OverweightHighView Rating Details
7/4/2017DNB MarketsUpgradeHold -> BuyHighView Rating Details
6/13/2017Seaport Global SecuritiesInitiated CoverageBuy -> Buy$10.00MediumView Rating Details
3/28/2017Morgan StanleyUpgradeUnderweight -> Overweight$2.50 -> $10.00HighView Rating Details
3/15/2017Pareto SecuritiesUpgradeHold -> BuyHighView Rating Details
11/22/2016Nordea Equity ResearchDowngradeBuy -> HoldN/AView Rating Details
9/6/2016Jefferies Group LLCReiterated RatingBuy$5.00N/AView Rating Details
6/17/2016Clarkson CapitalReiterated RatingBuyN/AView Rating Details
(Data available from 7/26/2015 forward)

Earnings

Earnings History for Golden Ocean Group Limited (NASDAQ:GOGL)
Earnings by Quarter for Golden Ocean Group Limited (NASDAQ:GOGL)
Earnings History by Quarter for Golden Ocean Group Limited (NASDAQ GOGL)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
8/31/2017($0.11)N/AView Earnings Details
5/24/20173/31/2017($0.14)($0.17)$58.80 million$83.82 millionViewN/AView Earnings Details
11/22/20169/30/2016($0.30)($0.25)$44.37 million$71.01 millionViewN/AView Earnings Details
8/24/2016Q216($0.35)($0.37)$35.00 million$55.57 millionViewListenView Earnings Details
5/24/2016Q116($0.12)($0.13)$42.33 million$45.01 millionViewListenView Earnings Details
11/24/2015Q315($0.11)($0.24)$51.20 million$65.70 millionViewListenView Earnings Details
8/27/2015Q215($0.20)($0.19)$28.20 million$49.33 millionViewListenView Earnings Details
5/28/2015Q115($0.22)($0.18)$34.80 million$18.08 millionViewListenView Earnings Details
2/27/2015Q4 2014($0.07)$0.06$12.90 million$36.68 millionViewN/AView Earnings Details
11/21/2014Q314($0.08)($0.11)$15.48 million$19.34 millionViewN/AView Earnings Details
8/13/2014Q214$0.03$0.02$10.58 million$20.59 millionViewN/AView Earnings Details
5/8/2014Q1 2014$0.07$0.14$7.82 million$20.11 millionViewN/AView Earnings Details
2/5/2014Q4$0.08$0.12ViewN/AView Earnings Details
11/14/2013Q3$0.01$0.04$8.07 millionViewN/AView Earnings Details
5/8/2013Q1 2013($0.02)($0.02)$6.19 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Golden Ocean Group Limited (NASDAQ:GOGL)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q2 20171($0.13)($0.13)($0.13)
Q3 20171($0.11)($0.11)($0.11)
Q4 20171($0.10)($0.10)($0.10)
(Data provided by Zacks Investment Research)

Dividends

Dividend History by Quarter for Golden Ocean Group Limited (NASDAQ GOGL)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
11/21/2014quarterly$0.053.08%12/1/201412/3/201412/10/2014
8/15/2014quarterly$0.206.32%8/26/20148/28/20149/10/2014
5/13/2014quarterly$0.206.03%5/20/20145/22/20146/5/2014
2/6/2014quarterly$0.186.99%2/14/20142/19/20143/6/2014
11/22/2013quarterly$0.189.41%11/26/201311/29/201312/10/2013
11/14/2013$0.1811/26/201311/29/201312/10/2013
8/14/2013quarterly$0.188.67%8/26/20138/28/20139/10/2013
5/15/2013quarterly$0.189.25%5/20/20135/22/20136/5/2013
2/15/2013quarterly$0.1810.62%2/15/20132/20/20133/6/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Golden Ocean Group Limited (NASDAQ:GOGL)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Headline Trends for Golden Ocean Group Limited (NASDAQ:GOGL)
Latest Headlines for Golden Ocean Group Limited (NASDAQ:GOGL)
Source:
DateHeadline
americanbankingnews.com logoGolden Ocean Group Limited (NASDAQ:GOGL) Receives Average Rating of "Buy" from Brokerages
www.americanbankingnews.com - July 25 at 8:43 AM
finance.yahoo.com logoETFs with exposure to Golden Ocean Group Ltd. : July 21, 2017
finance.yahoo.com - July 22 at 12:41 AM
americanbankingnews.com logo$64.09 Million in Sales Expected for Golden Ocean Group Limited (GOGL) This Quarter
www.americanbankingnews.com - July 16 at 9:40 AM
americanbankingnews.com logoZacks: Analysts Expect Golden Ocean Group Limited (NASDAQ:GOGL) to Announce -$0.13 Earnings Per Share
www.americanbankingnews.com - July 14 at 9:46 AM
finance.yahoo.com logoGolden 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
nasdaq.com logoGOGL - Delivery of dry bulk vessel - NASDAQ.com - Nasdaq
www.nasdaq.com - July 12 at 1:19 AM
finance.yahoo.com logoETFs with exposure to Golden Ocean Group Ltd. : July 10, 2017
finance.yahoo.com - July 10 at 7:07 PM
americanbankingnews.com logoGolden Ocean Group Limited (NASDAQ:GOGL) Lifted to "Buy" at BidaskClub
www.americanbankingnews.com - July 6 at 11:28 PM
americanbankingnews.com logoGolden Ocean Group Limited (GOGL) Stock Rating Lowered by Zacks Investment Research
www.americanbankingnews.com - June 29 at 12:16 AM
finance.yahoo.com logoGolden 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
americanbankingnews.com logoGolden Ocean Group Limited (GOGL) Given Consensus Rating of "Buy" by Analysts
www.americanbankingnews.com - June 28 at 8:22 AM
finance.yahoo.com logoETFs with exposure to Golden Ocean Group Ltd. : June 27, 2017
finance.yahoo.com - June 27 at 5:43 PM
finance.yahoo.com logoGolden Ocean Group Ltd. :GOGL-US: Earnings Analysis: Q1, 2017 By the Numbers : June 26, 2017
finance.yahoo.com - June 26 at 7:12 PM
reuters.com logoBRIEF-Golden Ocean Group takes delivery of vessel Sea Opal
www.reuters.com - June 21 at 7:10 PM
seekingalpha.com logoGolden Ocean Group (GOGL) Presents At The Maritime Investment Forum - Presentation
seekingalpha.com - June 21 at 7:10 PM
globenewswire.com logoGOGL - Delivery of dry bulk vessel Oslo Stock Exchange:GOGL - GlobeNewswire (press release)
globenewswire.com - June 19 at 9:29 PM
americanbankingnews.com logoAnalysts Issue Forecasts for Golden Ocean Group Limited's Q2 2017 Earnings (GOGL)
www.americanbankingnews.com - June 15 at 8:12 AM
reuters.com logoBRIEF-Golden Ocean Group says entered deals to buy 16 modern dry bulk vessels
www.reuters.com - June 13 at 10:17 PM
seekingalpha.com logoGolden Ocean Group updates on delivery, catches upgrade
seekingalpha.com - June 13 at 10:17 PM
streetinsider.com logoGolden Ocean Group Limited (GOGL) Reports Delivery of Dry Bulk Vessel
www.streetinsider.com - June 13 at 10:17 PM
streetinsider.com logoGolden Ocean Group Limited (GOGL) Reports Delivery of Dry Bulk Vessel - StreetInsider.com
www.streetinsider.com - June 13 at 11:12 AM
americanbankingnews.com logoGolden Ocean Group Limited (GOGL) Earns Buy Rating from Analysts at Seaport Global Securities
www.americanbankingnews.com - June 13 at 8:14 AM
finance.yahoo.com logoEarnings 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
americanbankingnews.com logoGolden Ocean Group Ltd (GOGL) Given Consensus Rating of "Buy" by Analysts
www.americanbankingnews.com - June 2 at 8:50 PM
reuters.com logoBRIEF-Golden Ocean Group says taken delivery of additional vessel, Q Houston
www.reuters.com - June 1 at 6:18 PM
americanbankingnews.com logoZacks Investment Research Lowers Golden Ocean Group Ltd (GOGL) to Hold
www.americanbankingnews.com - May 27 at 12:58 AM
americanbankingnews.com logoGolden Ocean Group Ltd (GOGL) Releases Earnings Results, Hits Expectations
www.americanbankingnews.com - May 25 at 8:01 AM
finance.yahoo.com logoEdited Transcript of GOGL earnings conference call or presentation 24-May-17 1:00pm GMT
finance.yahoo.com - May 24 at 10:20 PM
reuters.com logoBRIEF-Golden Ocean Group Q1 loss per share $0.17
www.reuters.com - May 24 at 5:19 PM
seekingalpha.com logoGolden Ocean Group's (GOGL) Birgitte Vartdal on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - May 24 at 5:19 PM
nasdaq.com logoBUZZ-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
nasdaq.com logoGOGL - First Quarter 2017 Results - Nasdaq
www.nasdaq.com - May 24 at 11:55 AM
finance.yahoo.com logoGOGL - First Quarter 2017 Results
finance.yahoo.com - May 24 at 11:55 AM
finance.yahoo.com logoGOGL - Q1 2017 Presentation
finance.yahoo.com - May 24 at 11:55 AM
finance.yahoo.com logoInvestor Network: Golden Ocean Group Ltd. to Host Earnings Call
finance.yahoo.com - May 24 at 11:55 AM
reuters.com logoBRIEF-GOGL- agreements to acquire 16 modern dry bulk vessels in all-share deal
www.reuters.com - May 23 at 11:43 AM
finance.yahoo.com logoGOGL - Invitation to presentation of Q1 2017 Results
finance.yahoo.com - May 18 at 9:50 AM
nasdaq.com logoGOGL - Delivery of two dry bulk vessels - Nasdaq
www.nasdaq.com - May 16 at 5:26 PM
nasdaq.com logoGOGL - Delivery of dry bulk vessel - Nasdaq
www.nasdaq.com - May 16 at 5:26 PM
finance.yahoo.com logoGOGL - Delivery of dry bulk vessel
finance.yahoo.com - May 16 at 11:30 AM
finance.yahoo.com logoGOGL - Delivery of two dry bulk vessels
finance.yahoo.com - May 15 at 11:16 AM
americanbankingnews.com logoShort Interest in Golden Ocean Group Ltd (GOGL) Declines By 40.4%
www.americanbankingnews.com - May 13 at 8:44 AM
americanbankingnews.com logoGolden Ocean Group Ltd (GOGL) Given Average Recommendation of "Buy" by Analysts
www.americanbankingnews.com - May 8 at 4:36 PM
streetinsider.com logoGolden Ocean Group Limited (GOGL) Takes Delivery of Dry Bulk Vessel - StreetInsider.com
www.streetinsider.com - May 4 at 10:41 PM
finance.yahoo.com logoGolden Ocean Group Ltd. – Value Analysis (NASDAQ:GOGL) : May 4, 2017
finance.yahoo.com - May 4 at 5:38 PM
reuters.com logoBRIEF-Golden Ocean to acquire 16 dry bulk vessels
www.reuters.com - May 4 at 12:05 PM
americanbankingnews.com logoGolden Ocean Group (GOGL) Earns News Impact Score of 0.27
www.americanbankingnews.com - May 4 at 10:17 AM
streetinsider.com logoGolden Ocean Group Limited (GOGL) Takes Delivery of Dry Bulk Vessel
www.streetinsider.com - May 3 at 10:18 PM
finanznachrichten.de logoGolden Ocean Group Limited: GOGL: Delivery of dry bulk vessel
www.finanznachrichten.de - May 3 at 5:16 PM
finance.yahoo.com logoGolden 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

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Chart

Golden Ocean Group Limited (GOGL) Chart for Wednesday, July, 26, 2017

This page was last updated on 7/26/2017 by MarketBeat.com Staff