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NASDAQ:GOGL

Golden Ocean Group - GOGL Stock Forecast, Price & News

$10.49
-0.28 (-2.60%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$10.29
$10.52
50-Day Range
$10.02
$13.39
52-Week Range
$7.59
$16.46
Volume
2.85 million shs
Average Volume
3.82 million shs
Market Capitalization
$1.50 billion
P/E Ratio
3.36
Dividend Yield
18.57%
Price Target
$13.50

Golden Ocean Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
28.7% Upside
$13.50 Price Target
Short Interest
Bearish
6.52% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.78mentions of Golden Ocean Group in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.42 out of 5 stars

Transportation Sector

42nd out of 124 stocks

Water Transportation Industry

4th out of 19 stocks

GOGL stock logo

About Golden Ocean Group (NASDAQ:GOGL) Stock

Golden 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.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Jefferies Financial Group initiated coverage on Golden Ocean Group in a research note on Wednesday, July 20th. They issued a "buy" rating and a $14.00 price objective for the company. HC Wainwright decreased their price target on shares of Golden Ocean Group from $18.00 to $13.00 and set a "neutral" rating for the company in a research note on Friday, May 20th.

Golden Ocean Group Price Performance

GOGL Stock opened at $10.77 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.21 and a current ratio of 1.21. The business has a 50-day simple moving average of $11.24 and a two-hundred day simple moving average of $12.25. The company has a market capitalization of $1.54 billion, a P/E ratio of 3.45 and a beta of 1.24. Golden Ocean Group has a 52-week low of $7.59 and a 52-week high of $16.46.

Golden Ocean Group (NASDAQ:GOGL - Get Rating) last announced its earnings results on Thursday, May 19th. The shipping company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.18. Golden Ocean Group had a return on equity of 32.03% and a net margin of 48.00%. The company had revenue of $208.91 million for the quarter, compared to analysts' expectations of $192.70 million. During the same quarter in the previous year, the firm earned $0.14 earnings per share.

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GOGL Stock News Headlines

GOGL - Invitation to presentation of Q2 2022 Results
Golden Ocean Group (NASDAQ:GOGL) Shares Gap Down to $11.58
The Coming Copper Bull Run
Copper prices have nearly doubled since last year -- driven by the explosive growth in electric vehicles and soaring demand for green-powered electricity. But copper demand far outpaces supply. Multinational investment banks are predicting a 50% to 100% rise in copper prices by 2025. And this "backdoor" play may be a move to consider.
GOGL – Notice of Annual General Meeting 2022
Golden Ocean Group (NASDAQ:GOGL) Stock Price Down 5.3%
Is the US Military Secretly Under Chinese Control?
Alarmingly, the answer may be "yes". Communist China now controls 80% of the lithium that powers most US military vehicles and equipment. The threat level is so high that the White House recently declared a state of emergency on lithium...
GOGL – 2021 Annual ESG Report
Assessing Golden Ocean's Dividend Prospects
Golden Ocean Group Becomes Oversold
9 Best Shipping Stocks That Pay Dividends
Golden Ocean declares $0.50 dividend
GOGL – Q1 2022 Presentation
See More Headlines
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GOGL Company Calendar

Last Earnings
11/23/2021
Ex-Dividend for 6/8 Dividend
5/31/2022
Dividend Payable
6/08/2022
Today
8/19/2022
Next Earnings (Confirmed)
8/25/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Water transportation
Sub-Industry
Oil & Gas Storage & Transportation
Current Symbol
NASDAQ:GOGL
Previous Symbol
NASDAQ:VLCCF
CUSIP
G5299G10
Employees
37
Year Founded
2004

Price Target and Rating

Average Stock Price Forecast
$13.50
High Stock Price Forecast
$14.00
Low Stock Price Forecast
$13.00
Forecasted Upside/Downside
+28.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$527.22 million
Pretax Margin
48.03%

Debt

Sales & Book Value

Annual Sales
$1.20 billion
Cash Flow
$4.41 per share
Book Value
$13.46 per share

Miscellaneous

Free Float
N/A
Market Cap
$1.50 billion
Optionable
Optionable
Beta
1.24

Social Links


Key Executives

  • Mr. Ulrik Uhrenfeldt Andersen (Age 43)
    Chief Exec. Officer of Golden Ocean Management AS
  • Mr. Peder Carl Gram Simonsen (Age 48)
    Chief Financial Officer of Golden Ocean Management AS
  • Mr. Lars-Christian Svensen (Age 36)
    Chief Commercial Officer of Golden Ocean Management AS
  • Mr. Tord Brath
    Head of Global Operations













GOGL Stock - Frequently Asked Questions

Should I buy or sell Golden Ocean Group stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Golden Ocean Group in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GOGL shares.
View GOGL analyst ratings
or view top-rated stocks.

What is Golden Ocean Group's stock price forecast for 2022?

2 analysts have issued twelve-month price targets for Golden Ocean Group's stock. Their GOGL share price forecasts range from $13.00 to $14.00. On average, they expect the company's stock price to reach $13.50 in the next year. This suggests a possible upside of 28.7% 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 2022?

Golden Ocean Group's stock was trading at $9.30 on January 1st, 2022. Since then, GOGL shares have increased by 12.8% and is now trading at $10.49.
View the best growth stocks for 2022 here
.

When is Golden Ocean Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 25th 2022.
View our GOGL earnings forecast
.

How can I listen to Golden Ocean Group's earnings call?

Golden Ocean Group will be holding an earnings conference call on Thursday, August 25th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Golden Ocean Group's earnings last quarter?

Golden Ocean Group Limited (NASDAQ:GOGL) announced its quarterly earnings data on Tuesday, November, 23rd. The shipping company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.40. The shipping company earned $387.62 million during the quarter, compared to the consensus estimate of $251.80 million. Golden Ocean Group had a trailing twelve-month return on equity of 32.03% and a net margin of 48.00%. During the same period in the previous year, the company earned $0.27 EPS.

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 Thursday, May 19th. Shareholders 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 dividend on an annualized basis and a yield of 19.07%. The ex-dividend date is Tuesday, May 31st.
Read our dividend analysis for GOGL
.

Is Golden Ocean Group a good dividend stock?

Golden Ocean Group (NASDAQ:GOGL) pays an annual dividend of $2.00 per share and currently has a dividend yield of 18.57%. GOGL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 64.10%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for GOGL.

When did Golden Ocean Group's stock split?

Golden Ocean Group shares 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 stock prior to the reverse split would have 20 shares after the split.

What other stocks do shareholders of Golden Ocean Group own?
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 Folketrygdfondet (5.30%), Goldman Sachs Group Inc. (4.88%), Renaissance Technologies LLC (1.85%), FMR LLC (1.41%), State Street Corp (1.16%) and Russell Investments Group Ltd. (0.97%).

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 $10.49.

How much money does Golden Ocean Group make?

Golden Ocean Group (NASDAQ:GOGL) has a market capitalization of $1.50 billion and generates $1.20 billion in revenue each year. The shipping company earns $527.22 million in net income (profit) each year or $3.12 on an earnings per share basis.

When was Golden Ocean Group founded?

Golden Ocean Group was founded in 2004.

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 8/19/2022 by MarketBeat.com Staff

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