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

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$7.02 +0.12 (+1.74 %)
(As of 12/13/2018 08:00 AM ET)
Previous Close$6.90
Today's Range$6.95 - $7.12
52-Week Range$6.24 - $10.05
Volume208,700 shs
Average Volume186,711 shs
Market Capitalization$995.31 million
P/E Ratio11.13
Dividend Yield8.70%
Beta2.43
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 20, 2018, it owned 68 dry bulk vessels, as well as had 10 chartered-in vessels. The company is based in Hamilton, Bermuda.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Water transportation
Sub-IndustryOil & Gas Storage & Transportation
SectorTransportation
Current SymbolNASDAQ:GOGL
Previous SymbolNASDAQ:VLCCF
CUSIPG5299G10
Phone1-441-295-6935

Debt

Debt-to-Equity Ratio0.74
Current Ratio1.43
Quick Ratio1.43

Price-To-Earnings

Trailing P/E Ratio11.13
Forward P/E Ratio12.10
P/E GrowthN/A

Sales & Book Value

Annual Sales$460.02 million
Price / Sales2.20
Cash Flow$0.6957 per share
Price / Cash Flow10.09
Book Value$10.66 per share
Price / Book0.66

Profitability

EPS (Most Recent Fiscal Year)($0.02)
Net Income$-2,340,000.00
Net Margins13.95%
Return on Equity5.91%
Return on Assets3.00%

Miscellaneous

Employees32
Outstanding Shares144,250,000
Market Cap$995.31 million
OptionableOptionable

Golden Ocean Group (NASDAQ:GOGL) Frequently Asked Questions

What is Golden Ocean Group's stock symbol?

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

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 21st. Stockholders of record on Thursday, December 6th will be paid a dividend of $0.15 per share on Thursday, December 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.55%. The ex-dividend date is Wednesday, December 5th. This is a positive change from Golden Ocean Group's previous quarterly dividend of $0.10. View Golden Ocean Group's Dividend History.

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

Golden Ocean Group's stock 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 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.

How were Golden Ocean Group's earnings last quarter?

Golden Ocean Group Ltd (NASDAQ:GOGL) issued its quarterly earnings data on Tuesday, November, 20th. The shipping company reported $0.24 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.16 by $0.08. The shipping company had revenue of $189.26 million for the quarter, compared to the consensus estimate of $120.01 million. Golden Ocean Group had a net margin of 13.95% and a return on equity of 5.91%. View Golden Ocean Group's Earnings History.

When is Golden Ocean Group's next earnings date?

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

What price target have analysts set for GOGL?

6 Wall Street analysts have issued 12 month price objectives for Golden Ocean Group's stock. Their predictions range from $9.50 to $13.00. On average, they expect Golden Ocean Group's stock price to reach $10.8750 in the next twelve months. This suggests a possible upside of 54.9% from the stock's current price. View Analyst Price Targets for Golden Ocean Group.

What is the consensus analysts' recommendation for Golden Ocean Group?

6 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 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Golden Ocean Group.

Has Golden Ocean Group been receiving favorable news coverage?

Media stories about GOGL stock have trended neutral this week, according to InfoTrie Sentiment. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Golden Ocean Group earned a news impact score of 0.3 on InfoTrie's scale. They also assigned headlines about the shipping company a news buzz of 2.0 out of 10, indicating that recent media coverage is very unlikely to have an impact on the company's share price in the immediate future.

Who are some of Golden Ocean Group's key competitors?

Who are Golden Ocean Group's key executives?

Golden Ocean Group's management team includes the folowing people:
  • Ms. Birgitte Ringstad Vartdal, Chief Exec. Officer of Golden Ocean Management AS (Age 41)
  • Mr. Per Heiberg, Chief Financial Officer of Golden Ocean Management AS (Age 51)
  • Mr. Thomas Semino, Chief Commercial Officer of Golden Ocean Management Asia Pte Ltd (Age 44)
  • Mr. Tord Brath, Head of Global Operations
  • Ms. Georgina E. Sousa, Company Sec. (Age 67)

Who are Golden Ocean Group's major shareholders?

Golden Ocean Group's stock is owned by a number of of retail and institutional investors. Top institutional investors include Carlyle Group L.P. (2.97%), Riverstone Holdings LLC (2.97%), Renaissance Technologies LLC (1.43%), Marshall Wace LLP (1.13%), JPMorgan Chase & Co. (1.06%) and JPMorgan Chase & Co. (1.06%).

Which institutional investors are selling Golden Ocean Group stock?

GOGL stock was sold by a variety of institutional investors in the last quarter, including Riverstone Holdings LLC, Carlyle Group L.P., Duff & Phelps Investment Management Co. and Macquarie Group Ltd..

Which institutional investors are buying Golden Ocean Group stock?

GOGL stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., JPMorgan Chase & Co., Renaissance Technologies LLC, Man Group plc, Bluefin Trading LLC, Alliancebernstein L.P., Credit Suisse AG and Marshall Wace LLP.

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, Scottrade, Fidelity and Charles Schwab.

What is Golden Ocean Group's stock price today?

One share of GOGL stock can currently be purchased for approximately $7.02.

How big of a company is Golden Ocean Group?

Golden Ocean Group has a market capitalization of $995.31 million and generates $460.02 million in revenue each year. The shipping company earns $-2,340,000.00 in net income (profit) each year or ($0.02) on an earnings per share basis. 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 http://www.goldenocean.no.

How can I contact Golden Ocean Group?

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]


MarketBeat Community Rating for Golden Ocean Group (NASDAQ GOGL)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  275 (Vote Outperform)
Underperform Votes:  294 (Vote Underperform)
Total Votes:  569
MarketBeat's community ratings are surveys of what our community members think about Golden Ocean Group and other stocks. Vote "Outperform" if you believe GOGL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GOGL will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/13/2018 by MarketBeat.com Staff

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