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NASDAQ:GOGLGolden Ocean Group Stock Price, Forecast & News

$3.13
-0.19 (-5.72 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$3.13
Now: $3.13
$3.27
50-Day Range
$2.72
MA: $3.36
$3.82
52-Week Range
$2.52
Now: $3.13
$6.92
Volume394,500 shs
Average Volume358,925 shs
Market Capitalization$448.46 million
P/E RatioN/A
Dividend Yield6.39%
Beta1.78
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 21, 2019, it owned 67 dry bulk vessels, as well as had 10 chartered-in vessels. The company is based in Hamilton, Bermuda.
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Golden Ocean Group logo

Beat the Market (BTM) Rank

Analyst Opinion: 0.0Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

0.92 out of 5 stars


Industry, Sector and Symbol

Industry Water transportation
Sub-IndustryOil & Gas Storage & Transportation
SectorTransportation
Current SymbolNASDAQ:GOGL
Previous SymbolNASDAQ:VLCCF
CUSIPG5299G10
Phone441-295-6935

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$705.80 million
Cash Flow$1.08 per share
Book Value$10.54 per share

Profitability

Net Income$37.19 million

Miscellaneous

Employees32
Market Cap$448.46 million
Next Earnings Date8/20/2020 (Estimated)
OptionableOptionable

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Golden Ocean Group (NASDAQ:GOGL) Frequently Asked Questions

How has Golden Ocean Group's stock been impacted by COVID-19 (Coronavirus)?

Golden Ocean Group's stock was trading at $3.39 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, GOGL shares have decreased by 7.7% and is now trading at $3.13. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Golden Ocean Group?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Golden Ocean Group in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Golden Ocean Group.

When is Golden Ocean Group's next earnings date?

Golden Ocean Group is scheduled to release its next quarterly earnings announcement on Thursday, August 20th 2020. View our earnings forecast for Golden Ocean Group.

How were Golden Ocean Group's earnings last quarter?

Golden Ocean Group Ltd (NASDAQ:GOGL) issued its quarterly earnings data on Wednesday, May, 27th. The shipping company reported ($0.25) EPS for the quarter, missing the Zacks' consensus estimate of ($0.19) by $0.06. The shipping company had revenue of $77.16 million for the quarter. Golden Ocean Group had a negative net margin of 16.20% and a positive return on equity of 1.52%. View Golden Ocean Group's earnings history.

How often does Golden Ocean Group pay dividends? What is the dividend yield for Golden Ocean Group?

Golden Ocean Group declared a quarterly dividend on Tuesday, February 18th. Stockholders of record on Friday, March 6th will be paid a dividend of $0.05 per share on Thursday, March 19th. This represents a $0.20 annualized dividend and a yield of 6.39%. The ex-dividend date is Thursday, March 5th. View Golden Ocean Group's dividend history.

When did Golden Ocean Group's stock split? How did Golden Ocean Group's stock split work?

Shares of Golden Ocean Group 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 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.

Has Golden Ocean Group been receiving favorable news coverage?

Media stories about GOGL stock have been trending very negative this week, according to InfoTrie. InfoTrie ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, 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 news stories 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 stock's share price in the immediate future. View the latest news aboutGolden Ocean Group.

Are investors shorting Golden Ocean Group?

Golden Ocean Group saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 664,100 shares, a decline of 34.9% from the April 30th total of 1,020,000 shares. Based on an average daily volume of 396,700 shares, the short-interest ratio is currently 1.7 days. Currently, 0.7% of the shares of the company 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?

Who are Golden Ocean Group's key executives?

Golden Ocean Group's management team includes the following people:
  • 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)
  • Ms. Birgitte Ringstad Vartdal, Chief Exec. Officer of Golden Ocean Management AS (Age 42)
  • Mr. Tord Brath, Head of Global Operations
  • Ms. Georgina E. Sousa, Company Sec. (Age 68)

What is Golden Ocean Group's stock symbol?

Golden Ocean Group trades on the NASDAQ under the ticker symbol "GOGL."

Who are Golden Ocean Group's major shareholders?

Golden Ocean Group's stock is owned by a number of institutional and retail investors. Top institutional investors include JPMorgan Chase & Co. (0.48%), Citigroup Inc. (0.28%), Deutsche Bank AG (0.19%), Invesco Ltd. (0.18%), GSA Capital Partners LLP (0.10%) and Geode Capital Management LLC (0.09%).

Which major investors are selling Golden Ocean Group stock?

GOGL stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Morgan Stanley, Two Sigma Investments LP, Skandinaviska Enskilda Banken AB publ , Wellington Management Group LLP, Deutsche Bank AG, Two Sigma Advisers LP, and Jane Street Group LLC.

Which major investors are buying Golden Ocean Group stock?

GOGL stock was acquired by a variety of institutional investors in the last quarter, including Citigroup Inc., Invesco Ltd., GSA Capital Partners LLP, Parametric Portfolio Associates LLC, and Geode Capital Management LLC.

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, Robinhood, Fidelity, and Charles Schwab.

What is Golden Ocean Group's stock price today?

One share of GOGL stock can currently be purchased for approximately $3.13.

How big of a company is Golden Ocean Group?

Golden Ocean Group has a market capitalization of $448.46 million and generates $705.80 million in revenue each year. Golden Ocean Group employs 32 workers across the globe.

What is Golden Ocean Group's official website?

The official website for Golden Ocean Group is www.goldenocean.bm.

How can I contact Golden Ocean Group?

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 shipping company can be reached via phone at 441-295-6935 or via email at [email protected]

This page was last updated on 5/29/2020 by MarketBeat.com Staff

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