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NASDAQ:GOGL

Golden Ocean Group - GOGL Stock Forecast, Price & News

$11.42
+0.24 (+2.15%)
(As of 08/10/2022 03:12 PM ET)
Add
Compare
Today's Range
$11.28
$11.76
50-Day Range
$10.02
$16.06
52-Week Range
$7.59
$16.46
Volume
108,435 shs
Average Volume
3.86 million shs
Market Capitalization
$1.64 billion
P/E Ratio
3.66
Dividend Yield
18.48%
Price Target
$13.50

Golden Ocean Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
18.0% Upside
$13.50 Price Target
Short Interest
Healthy
5.69% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.03mentions 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.

2.13 out of 5 stars

Transportation Sector

65th out of 125 stocks

Water Transportation Industry

10th 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.

Golden Ocean Group Stock Performance

Shares of GOGL Stock opened at $11.18 on Wednesday. The stock has a market cap of $1.60 billion, a PE ratio of 3.58 and a beta of 1.24. The business has a 50-day simple moving average of $11.81 and a 200-day simple moving average of $12.16. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.65. 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 issued its quarterly earnings data 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. The business had revenue of $208.91 million during the quarter, compared to analysts' expectations of $192.70 million. Golden Ocean Group had a return on equity of 32.03% and a net margin of 48.00%. During the same quarter in the previous year, the firm posted $0.14 EPS.

Golden Ocean Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 8th. Stockholders of record on Wednesday, June 1st were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, May 31st. This represents a $2.00 annualized dividend and a dividend yield of 17.89%. Golden Ocean Group's dividend payout ratio (DPR) is presently 64.10%.

Wall Street Analyst Weigh In

Several analysts have weighed in on GOGL shares. Jefferies Financial Group started coverage on Golden Ocean Group in a research note on Wednesday, July 20th. They set a "buy" rating and a $14.00 price target on the stock. HC Wainwright dropped their price target on Golden Ocean Group from $18.00 to $13.00 and set a "neutral" rating on the stock in a research note on Friday, May 20th. Finally, StockNews.com downgraded Golden Ocean Group from a "buy" rating to a "hold" rating in a research note on Wednesday, April 20th.

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GOGL Stock News Headlines

GOGL – Notice of Annual General Meeting 2022
Golden Ocean Group (NASDAQ:GOGL) Stock Price Down 5.3%
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
5/19/2022
Ex-Dividend for 6/8 Dividend
5/31/2022
Dividend Payable
6/08/2022
Today
8/10/2022
Next Earnings (Estimated)
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
+18.2%
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
$4.88 per share
Book Value
$13.46 per share

Miscellaneous

Free Float
N/A
Market Cap
$1.64 billion
Optionable
Optionable
Beta
1.24

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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 twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street 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 brokerages have issued twelve-month target prices for Golden Ocean Group's shares. 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 17.8% 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 at the beginning of 2022. Since then, GOGL stock has increased by 23.2% and is now trading at $11.46.
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 were Golden Ocean Group's earnings last quarter?

Golden Ocean Group Limited (NASDAQ:GOGL) released its quarterly earnings results on Thursday, May, 19th. The shipping company reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.18. The shipping company had revenue of $208.91 million for the quarter, compared to analyst estimates of $192.70 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 quarter last year, the business earned $0.14 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. Stockholders 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 dividend yield of 17.45%. The ex-dividend date of this dividend 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 18.48%. 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'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 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 many different institutional and retail investors. Top institutional shareholders include Folketrygdfondet (5.30%), Russell Investments Group Ltd. (0.97%), Connor Clark & Lunn Investment Management Ltd. (0.57%), Prospera Financial Services Inc (0.29%), Swiss National Bank (0.22%) and National Bank of Canada FI (0.10%).

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 $11.46.

How much money does Golden Ocean Group make?

Golden Ocean Group (NASDAQ:GOGL) has a market capitalization of $1.64 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 8/10/2022 by MarketBeat.com Staff

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