Golden Ocean Group Stock Price, News & Analysis (NASDAQ:GOGL)

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

Golden Ocean Group declared a quarterly dividend on Thursday, August 15th. Investors of record on Friday, August 30th will be given a dividend of $0.10 per share on Thursday, September 12th. This represents a $0.40 annualized dividend and a dividend yield of 6.60%. The ex-dividend date of this dividend is Thursday, August 29th. This is a boost from Golden Ocean Group's previous quarterly dividend of $0.03. View Golden Ocean Group's Dividend History.

Golden Ocean Group's stock 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.

Golden Ocean Group Ltd (NASDAQ:GOGL) released its quarterly earnings results on Thursday, August, 15th. The shipping company reported ($0.14) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.15) by $0.01. The shipping company had revenue of $115.78 million for the quarter. Golden Ocean Group had a net margin of 3.02% and a return on equity of 2.10%. View Golden Ocean Group's Earnings History.

Golden Ocean Group is scheduled to release their next quarterly earnings announcement on Tuesday, November 19th 2019. View Earnings Estimates for Golden Ocean Group.

2 Wall Street analysts have issued 12 month price targets for Golden Ocean Group's shares. Their predictions range from $10.00 to $10.00. On average, they anticipate Golden Ocean Group's stock price to reach $10.00 in the next year. This suggests a possible upside of 65.0% from the stock's current price. View Analyst Price Targets for Golden Ocean Group.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Golden Ocean Group in the last year. There are currently 1 sell rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Golden Ocean Group.

Press coverage about GOGL stock has trended somewhat negative on Monday, InfoTrie Sentiment reports. The research firm scores the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Golden Ocean Group earned a coverage optimism score of -1.3 on InfoTrie's scale. They also assigned media coverage about the shipping company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Golden Ocean Group.

Golden Ocean Group saw a drop in short interest in August. As of August 31st, there was short interest totalling 842,800 shares, a drop of 11.1% from the July 31st total of 948,500 shares. Based on an average daily volume of 255,300 shares, the short-interest ratio is currently 3.3 days. Approximately 0.9% of the company's shares are sold short. View Golden Ocean Group's Current Options Chain.

Some companies that are related to Golden Ocean Group include Matson (MATX), Golar LNG (GLNG), Teekay Lng Partners (TGP), GasLog (GLOG), GasLog Partners LP Unit (GLOP), Golar LNG Partners (GMLP), Tidewater (TDW), KNOT Offshore Partners (KNOP), International Seaways (INSW), Hoegh LNG Partners (HMLP), Teekay Offshore Partners (TOO), Teekay Tankers (TNK), Nordic American Tanker (NAT), Dynagas LNG Partners (DLNG) and Odyssey Marine Exploration (OMEX).

Based on aggregate information from My MarketBeat watchlists, some companies that other Golden Ocean Group investors own include Star Bulk Carriers (SBLK), Blue Ridge Mountain Resources (MHRCQ), Boeing (BA), Scorpio Bulkers (SALT), Eyepoint Pharmaceuticals (EYPT), TSAKOS ENERGY N/SH (tnp), Intel (INTC), NVIDIA (NVDA), AbbVie (ABBV) and Seadrill (SDRL).

Golden Ocean Group's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Platinum Investment Management Ltd. (2.33%), Renaissance Technologies LLC (1.28%), Russell Investments Group Ltd. (1.12%), Marshall Wace LLP (0.81%), JPMorgan Chase & Co. (0.33%) and Royal Bank of Canada (0.14%).

GOGL stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Jane Street Group LLC, Wells Fargo & Company MN and Northern Trust Corp.

GOGL stock was acquired by a variety of institutional investors in the last quarter, including Platinum Investment Management Ltd., Renaissance Technologies LLC, Marshall Wace LLP, JPMorgan Chase & Co., Russell Investments Group Ltd., Royal Bank of Canada, Marshall Wace North America L.P. and Parametric Portfolio Associates LLC.

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.

One share of GOGL stock can currently be purchased for approximately $6.06.

Golden Ocean Group has a market capitalization of $869.79 million and generates $656.07 million in revenue each year. The shipping company earns $84.54 million in net income (profit) each year or $0.60 on an earnings per share basis. Golden Ocean Group employs 32 workers across the globe.View Additional Information About Golden Ocean Group.

The official website for Golden Ocean Group is http://www.goldenocean.no/.

Golden Ocean Group's mailing address is Par-la-Ville Place 14 Par-la-Ville Road, HAMILTON D0, HM 08. The shipping company can be reached via phone at 1-441-295-6935 or via email at [email protected]