Golden Ocean Group Stock Forecast, Price & News

Golden Ocean Group's stock was trading at $3.39 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, GOGL stock has increased by 2.1% and is now trading at $3.46.
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5 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 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Golden Ocean Group.

Golden Ocean Group is scheduled to release its next quarterly earnings announcement on Thursday, November 19th 2020.
View our earnings forecast for Golden Ocean Group.

Golden Ocean Group Ltd (NASDAQ:GOGL) announced its quarterly earnings results on Tuesday, August, 18th. The shipping company reported ($0.29) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.28) by $0.01. Golden Ocean Group had a negative net margin of 17.33% and a positive return on equity of 0.09%.
View Golden Ocean Group's earnings history.

Golden Ocean Group announced a quarterly dividend on Tuesday, February 18th. Investors 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 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date is Thursday, March 5th.
View Golden Ocean Group's dividend history.

Golden Ocean Group shares 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 closing bell 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 saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 905,400 shares, an increase of 11.9% from the August 15th total of 808,900 shares. Based on an average daily volume of 318,700 shares, the short-interest ratio is currently 2.8 days. Currently, 1.0% of the company's stock are sold short.
View Golden Ocean Group's Short Interest.

Some companies that are related to Golden Ocean Group include Kinder Morgan (KMI), Williams Companies (WMB), Cheniere Energy (LNG), Targa Resources (TRGP), Frontline (FRO), Golar LNG (GLNG), Ship Finance International (SFL), Scorpio Tankers (STNG), Nordic American Tanker (NAT), Teekay Tankers (TNK), GasLog (GLOG) and Teekay (TK).
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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 N/SH (TNP), Uniti Group (UNIT), Capital Product Partners (CPLP), Enterprise Products Partners (EPD), Golar LNG Partners (GMLP), Prospect Capital (PSEC) and Apollo Investment (AINV).

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

Golden Ocean Group's stock is owned by a number of institutional and retail investors. Top institutional investors include Platinum Investment Management Ltd. (1.05%), Marshall Wace LLP (0.18%), Swiss National Bank (0.15%), California Public Employees Retirement System (0.14%), Skandinaviska Enskilda Banken AB publ (0.05%) and DAVENPORT & Co LLC (0.04%).

GOGL stock was sold by a variety of institutional investors in the last quarter, including Platinum Investment Management Ltd., Goldman Sachs Group Inc., Bank of America Corp DE, Jane Street Group LLC, Skandinaviska Enskilda Banken AB publ, Two Sigma Advisers LP, and Cornerstone Investment Partners LLC.

GOGL stock was purchased by a variety of institutional investors in the last quarter, including Marshall Wace LLP, Gyon Technologies Capital Management LP, Swiss National Bank, California Public Employees Retirement System, Sei Investments Co., State of Wisconsin Investment Board, JustInvest LLC, and Zurcher Kantonalbank Zurich Cantonalbank.

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 $3.46.

Golden Ocean Group has a market capitalization of $495.74 million and generates $705.80 million in revenue each year. Golden Ocean Group employs 32 workers across the globe.

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

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]