NASDAQ:GOGL Golden Ocean Group - GOGL Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Golden Ocean Group Limited Please log in to your account or sign up in order to add this asset to your watchlist. $9.10 +0.02 (+0.22%) (As of 01/26/2023 12:00 AM ET) Add Compare Share Share Today's Range$8.91▼$9.1750-Day Range$7.91▼$9.4652-Week Range$7.24▼$16.46Volume1.38 million shsAverage Volume1.71 million shsMarket Capitalization$1.30 billionP/E Ratio3.07Dividend Yield15.42%Price Target$11.50 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Golden Ocean Group MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside26.4% Upside$11.50 Price TargetShort InterestHealthy3.87% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment1.31Based on 7 Articles This WeekInsider TradingN/AProj. Earnings Growth-38.92%From $1.85 to $1.13 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.64 out of 5 starsTransportation Sector43rd out of 122 stocksWater Transportation Industry8th out of 17 stocks 3.0 Analyst's Opinion Consensus RatingGolden Ocean Group has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $11.50, Golden Ocean Group has a forecasted upside of 26.4% from its current price of $9.10.Amount of Analyst CoverageGolden Ocean Group has received no research coverage in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted3.87% of the float of Golden Ocean Group has been sold short.Short Interest Ratio / Days to CoverGolden Ocean Group has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Golden Ocean Group has recently decreased by 32.28%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipGolden Ocean Group is a leading dividend payer. It pays a dividend yield of 15.42%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthGolden Ocean Group does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Golden Ocean Group is 47.30%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on EPS estimates, Golden Ocean Group will have a dividend payout ratio of 123.89% in the coming year. This indicates that Golden Ocean Group may not be able to sustain their current dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for GOGL. Previous Next 3.5 News and Social Media Coverage News SentimentGolden Ocean Group has a news sentiment score of 1.31. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Golden Ocean Group this week, compared to 2 articles on an average week.Search InterestOnly 48 people have searched for GOGL on MarketBeat in the last 30 days. This is a decrease of -41% compared to the previous 30 days.MarketBeat Follows24 people have added Golden Ocean Group to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Golden Ocean Group insiders have not sold or bought any company stock.Percentage Held by InstitutionsOnly 37.16% of the stock of Golden Ocean Group is held by institutions. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Golden Ocean Group are expected to decrease by -38.92% in the coming year, from $1.85 to $1.13 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Golden Ocean Group is 3.07, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.63.Price to Earnings Ratio vs. SectorThe P/E ratio of Golden Ocean Group is 3.07, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 24.36.Price to Book Value per Share RatioGolden Ocean Group has a P/B Ratio of 0.68. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Golden Ocean Group (NASDAQ:GOGL) StockGolden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels comprising Newcastlemax, Capesize, Panamax, and Ultramax vessels worldwide. It owns and operates dry bulk vessels in the spot and time charter markets. The company transports bulk commodities, such as ores, coal, grains, and fertilizers. As of March 23, 2022, it owned a fleet of 81 dry bulk vessels. Golden Ocean Group Limited is based in Hamilton, Bermuda.Read More Receive GOGL Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Golden Ocean Group and its competitors with MarketBeat's FREE daily newsletter. Email Address GOGL Stock News HeadlinesJanuary 15, 2023 | finance.yahoo.comGolden Ocean Group Limited's (NASDAQ:GOGL) Stock Is Going Strong: Is the Market Following Fundamentals?January 7, 2023 | seekingalpha.comGolden Ocean Group: Supply Constraints And War May Offset Recessionary Demand DeclineJanuary 27, 2023 | Porter & Company (Ad)Is This The End of Capitalism?EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…December 27, 2022 | finance.yahoo.comGolden Ocean Group Limited (NASDAQ:GOGL) Q3 2022 Earnings Call TranscriptDecember 12, 2022 | finanznachrichten.deGolden Ocean Group Limited: GOGL - Transactions made under the buy-back programDecember 9, 2022 | finance.yahoo.comWhile institutions own 31% of Golden Ocean Group Limited (NASDAQ:GOGL), private companies are its largest shareholders with 39% ownershipDecember 5, 2022 | finanznachrichten.deGolden Ocean Group Limited: GOGL - Transactions made under the buy-back programmeDecember 5, 2022 | finance.yahoo.comGOGL - Transactions made under the buy-back programmeJanuary 27, 2023 | Porter & Company (Ad)Is This The End of Capitalism?EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…November 22, 2022 | msn.comGolden Ocean Group: Dividend InsightsNovember 17, 2022 | seekingalpha.comGolden Ocean's Q3 Earnings: Risk-Return No Longer AlignedNovember 17, 2022 | finanznachrichten.deGolden Ocean Group Limited: GOGL - Third Quarter 2022 ResultsNovember 17, 2022 | seekingalpha.comGolden Ocean Q3: A Gift From The Market With The Post-Earnings SelloffNovember 16, 2022 | finance.yahoo.comGOGL – Q3 2022 PresentationNovember 16, 2022 | finance.yahoo.comShould You Investigate Golden Ocean Group Limited (NASDAQ:GOGL) At US$9.67?November 16, 2022 | finance.yahoo.comGolden Ocean Clocks 27% Revenue Decline In Q3, Declares DividendNovember 16, 2022 | finance.yahoo.comGOGL – Third Quarter 2022 ResultsNovember 15, 2022 | finance.yahoo.comGolden Ocean Group (GOGL) Stock Moves -0.83%: What You Should KnowNovember 8, 2022 | seekingalpha.comGolden Ocean: Trending Back HigherNovember 7, 2022 | finance.yahoo.comGOGL - Invitation to presentation of Q3 2022 ResultsNovember 2, 2022 | finance.yahoo.comAre Investors Undervaluing Golden Ocean Group Limited (NASDAQ:GOGL) By 49%?November 2, 2022 | finance.yahoo.comGolden Ocean Group (GOGL) Stock Moves -0.35%: What You Should KnowOctober 25, 2022 | finance.yahoo.com2 Passive Income Stocks With Jaw-Dropping YieldsOctober 17, 2022 | seekingalpha.comGolden Ocean Should Remain Profitable Even With Decreased TCE RatesOctober 16, 2022 | nasdaq.comWhy The 20% Return On Capital At Golden Ocean Group (NASDAQ:GOGL) Should Have Your AttentionOctober 10, 2022 | finance.yahoo.comWe Like Golden Ocean Group's (NASDAQ:GOGL) Returns And Here's How They're TrendingOctober 6, 2022 | seekingalpha.comGolden Ocean Group - Buy The Pullback In This Leading Dry Bulk ShipperSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive GOGL Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Golden Ocean Group and its competitors with MarketBeat's FREE daily newsletter. Email Address GOGL Company Calendar Last Earnings11/16/2022Ex-Dividend for 12/5 Dividend11/25/2022Dividend Payable12/05/2022Today1/26/2023Next Earnings (Estimated)2/15/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Water transportation Sub-IndustryOil & Gas Storage & Transportation SectorTransportation Current SymbolNASDAQ:GOGL Previous SymbolNASDAQ:VLCCF CUSIPG5299G10 CIK1029145 Webwww.goldenocean.bm Phone(441) 295-6935Fax1-441-295-3494Employees37Year Founded2004Price Target and Rating Average Stock Price Forecast$11.50 High Stock Price Forecast$13.00 Low Stock Price Forecast$10.00 Forecasted Upside/Downside+26.4%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$2.96 Trailing P/E Ratio3.07 Forward P/E Ratio4.92 P/E GrowthN/ANet Income$527.22 million Net Margins47.96% Pretax Margin47.99% Return on Equity29.95% Return on Assets16.97% Debt Debt-to-Equity Ratio0.60 Current Ratio1.41 Quick Ratio1.41 Sales & Book Value Annual Sales$1.20 billion Price / Sales1.08 Cash Flow$4.53 per share Price / Cash Flow2.01 Book Value$13.46 per share Price / Book0.68Miscellaneous Outstanding Shares143,330,000Free FloatN/AMarket Cap$1.30 billion OptionableOptionable Beta1.29 Social Links Key ExecutivesMr. Ulrik Uhrenfeldt Andersen (Age 44)Chief Exec. Officer of Golden Ocean Management AS Mr. Peder Carl Gram Simonsen (Age 49)Chief Financial Officer of Golden Ocean Management AS Mr. Lars-Christian Svensen (Age 37)Chief Commercial Officer of Golden Ocean Management AS Mr. Tord BrathHead of Global OperationsKey CompetitorsTeekay TankersNYSE:TNKNordic American TankersNYSE:NATGolar LNGNASDAQ:GLNGFLEX LNGNYSE:FLNGInternational SeawaysNYSE:INSWView All CompetitorsInsiders & InstitutionsStrs OhioSold 6,200 shares on 1/26/2023Ownership: 0.058%Regent Investment Management LLCBought 25,000 shares on 1/26/2023Ownership: 0.028%Allspring Global Investments Holdings LLCBought 143,515 shares on 1/23/2023Ownership: 0.192%DAVENPORT & Co LLCBought 10,700 shares on 1/20/2023Ownership: 0.007%S.E.E.D. Planning Group LLCBought 12,000 shares on 1/19/2023Ownership: 0.015%View All Institutional Transactions GOGL Stock - Frequently Asked Questions Should I buy or sell Golden Ocean Group stock right now? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Golden Ocean Group in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" GOGL shares. 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. View GOGL analyst ratings or view top-rated stocks. What is Golden Ocean Group's stock price forecast for 2023? 2 equities research analysts have issued 1 year target prices for Golden Ocean Group's stock. Their GOGL share price forecasts range from $10.00 to $13.00. On average, they anticipate the company's share price to reach $11.50 in the next year. This suggests a possible upside of 26.4% from the stock's current price. View analysts price targets for GOGL or view top-rated stocks among Wall Street analysts. How have GOGL shares performed in 2023? Golden Ocean Group's stock was trading at $8.69 on January 1st, 2023. Since then, GOGL shares have increased by 4.7% and is now trading at $9.10. View the best growth stocks for 2023 here. Are investors shorting Golden Ocean Group? Golden Ocean Group saw a decline in short interest in January. As of January 15th, there was short interest totaling 4,700,000 shares, a decline of 32.3% from the December 31st total of 6,940,000 shares. Based on an average daily trading volume, of 2,240,000 shares, the short-interest ratio is currently 2.1 days. Approximately 3.9% of the shares of the company are sold short. View Golden Ocean Group's Short Interest. When is Golden Ocean Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023. View our GOGL earnings forecast. How were Golden Ocean Group's earnings last quarter? Golden Ocean Group Limited (NASDAQ:GOGL) issued its quarterly earnings results on Wednesday, November, 16th. The shipping company reported $0.52 EPS for the quarter. The shipping company earned $195.59 million during the quarter, compared to analysts' expectations of $181.50 million. Golden Ocean Group had a net margin of 47.96% and a trailing twelve-month return on equity of 29.95%. How often does Golden Ocean Group pay dividends? What is the dividend yield for Golden Ocean Group? Golden Ocean Group announced a quarterly dividend on Wednesday, November 16th. Shareholders of record on Monday, November 28th will be given a dividend of $0.35 per share on Monday, December 5th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 15.38%. The ex-dividend date is Friday, November 25th. Read our dividend analysis for GOGL. Is Golden Ocean Group a good dividend stock? Golden Ocean Group (NASDAQ:GOGL) pays an annual dividend of $1.40 per share and currently has a dividend yield of 15.42%. GOGL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 47.30%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, GOGL will have a dividend payout ratio of 123.89% in the coming year. This indicates that the company may not be able to sustain their current dividend. Read our dividend analysis for GOGL. When did Golden Ocean Group's stock split? Shares of Golden Ocean Group 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 closing bell 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. What other stocks do shareholders of Golden Ocean Group own? 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). 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 many different institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.19%), Jenkins Wealth (0.00%), Strs Ohio (0.06%), SummerHaven Investment Management LLC (0.05%), Regent Investment Management LLC (0.03%) and Onyx Bridge Wealth Group LLC (0.02%). How do I buy shares of Golden Ocean Group? 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. Compare Top Brokerages Here. What is Golden Ocean Group's stock price today? One share of GOGL stock can currently be purchased for approximately $9.10. How much money does Golden Ocean Group make? Golden Ocean Group (NASDAQ:GOGL) has a market capitalization of $1.30 billion and generates $1.20 billion in revenue each year. The shipping company earns $527.22 million in net income (profit) each year or $2.96 on an earnings per share basis. 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 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. This page (NASDAQ:GOGL) was last updated on 1/27/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. 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