NASDAQ:GOGL - Golden Ocean Group Stock Price, Price Target & More

$8.43 +0.43 (+5.38 %)

(As of 04/19/2018 07:54 AM ET)

Previous Close$8.00

Today's Range$8.26 - $8.49

52-Week Range$5.43 - $9.95

Volume324,200 shs

Average Volume206,696 shs

Market Capitalization$1.15 billion

P/E RatioN/A

Dividend Yield5.00%

Beta1.95

About Golden Ocean Group (NASDAQ:GOGL)

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, Kamsarmax, Panamax, and Supramax vessels. The company transports bulk commodities, such as ores, coal, grains, and fertilizers along worldwide shipping routes. Golden Ocean Group Limited owns and controls a fleet of 70 vessels, including newbuildings and vessels chartered on long term time charter contracts. The company is based in Hamilton, Bermuda.

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Industry, Sector and Symbol

Industry Water transportation

Sub-IndustryOil & Gas Storage & Transportation

SectorTransportation

SymbolNASDAQ:GOGL

CUSIPG5299G10

Webwww.goldenocean.bm

Phone1-441-295-6935

Debt

Debt-to-Equity Ratio0.79%

Current Ratio2.45%

Quick Ratio2.34%

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$460.02 million

Price / Sales2.64

Cash Flow$0.7205 per share

Price / Cash11.70

Book Value$10.66 per share

Price / Book0.79

Profitability

EPS (Most Recent Fiscal Year)($0.02)

Net Income$-2,340,000.00

Net Margins-0.51%

Return on Equity-0.17%

Return on Assets-0.09%

Miscellaneous

Employees29

Outstanding Shares144,250,000

How to Become a New Pot Stock Millionaire

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 Tuesday, February 20th. Shareholders of record on Monday, March 5th will be paid a dividend of $0.10 per share on Thursday, March 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date is Friday, March 2nd. This is an increase from Golden Ocean Group's previous quarterly dividend of $0.05. 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 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.

How were Golden Ocean Group's earnings last quarter?

Golden Ocean Group (NASDAQ:GOGL) posted its earnings results on Tuesday, February, 20th. The shipping company reported $0.19 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.13 by $0.06. The shipping company earned $151.45 million during the quarter, compared to analysts' expectations of $104.91 million. Golden Ocean Group had a negative return on equity of 0.17% and a negative net margin of 0.51%. 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 Wednesday, May, 23rd 2018. View Earnings Estimates for Golden Ocean Group.

What price target have analysts set for GOGL?

6 Wall Street analysts have issued 12-month target prices for Golden Ocean Group's stock. Their predictions range from $9.50 to $11.50. On average, they anticipate Golden Ocean Group's stock price to reach $10.3333 in the next twelve months. View Analyst Ratings for Golden Ocean Group.

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

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

Who are Golden Ocean Group's key executives?

Golden Ocean Group's management team includes the folowing people:

Mrs. 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)
Ms. Georgina E. Sousa, Company Sec. (Age 67)

Has Golden Ocean Group been receiving favorable news coverage?

News stories about GOGL stock have been trending very positive recently, according to Accern Sentiment. Accern rates the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Golden Ocean Group earned a coverage optimism score of 0.53 on Accern's scale. They also assigned news headlines about the shipping company an impact score of 45.22 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.

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 $8.43.

How big of a company is Golden Ocean Group?

Golden Ocean Group has a market capitalization of $1.15 billion 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 29 workers across the globe.

How can I contact Golden Ocean Group?

Golden Ocean Group's mailing address is Par-la-Ville Place 14 Par-la-Ville Road, HAMILTON HM 08 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 (GOGL)

Community Ranking:		2.5 out of 5 ( )
Outperform Votes:		233 (Vote Outperform)
Underperform Votes:		229 (Vote Underperform)
Total Votes:		462

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.

Golden Ocean Group (NASDAQ:GOGL) Price Target and Consensus Rating

(How are Consensus Ratings Calculated?)

6 Wall Street analysts have issued ratings and price targets for Golden Ocean Group in the last 12 months. Their average twelve-month price target is $10.3333, suggesting that the stock has a possible upside of 22.58%. The high price target for GOGL is $11.50 and the low price target for GOGL is $9.50. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus rating of "Buy."

	Today	30 Days Ago	90 Days Ago	180 Days Ago
Consensus Rating:	Buy	Buy	Buy	Buy
Consensus Rating Score:	2.83	2.83	2.86	2.86
Ratings Breakdown:	0 Sell Rating(s) 1 Hold Rating(s) 5 Buy Rating(s) 0 Strong Buy Rating(s)	0 Sell Rating(s) 1 Hold Rating(s) 5 Buy Rating(s) 0 Strong Buy Rating(s)	0 Sell Rating(s) 1 Hold Rating(s) 6 Buy Rating(s) 0 Strong Buy Rating(s)	0 Sell Rating(s) 1 Hold Rating(s) 6 Buy Rating(s) 0 Strong Buy Rating(s)
Consensus Price Target:	$10.3333	$11.3333	$11.3333	$11.3333
Price Target Upside:	22.58% upside	21.73% upside	33.49% upside	33.49% upside

Golden Ocean Group (NASDAQ:GOGL) Consensus Price Target History

Price Target History for Golden Ocean Group (NASDAQ:GOGL)

Golden Ocean Group (NASDAQ:GOGL) Analyst Ratings History

Show:

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price
4/17/2018	Morgan Stanley	Lower Price Target	Equal Weight -> Equal Weight	$10.00 -> $9.50	Medium
3/23/2018	JPMorgan Chase	Boost Price Target	Overweight -> Overweight	$11.00 -> $11.50	High
2/12/2018	Clarkson Capital	Upgrade	Neutral -> Buy		Low
8/18/2017	Nordea Equity Research	Upgrade	Hold -> Buy		Low
7/4/2017	DNB Markets	Upgrade	Hold -> Buy		High
6/13/2017	Seaport Global Securities	Initiated Coverage	Buy -> Buy	$10.00	Medium
3/15/2017	Pareto Securities	Upgrade	Hold -> Buy		High
9/6/2016	Jefferies Group	Reiterated Rating	Buy	$5.00	N/A

(Data available from 4/19/2016 forward)

Golden Ocean Group (NASDAQ:GOGL) Earnings History and Estimates Chart

Earnings by Quarter for Golden Ocean Group (NASDAQ:GOGL)

Golden Ocean Group (NASDAQ:GOGL) Earnings Estimates

2018 EPS Consensus Estimate: $0.48

Quarter	Number of Estimates	Low Estimate	High Estimate	Average Estimate
Q1 2018	1	$0.01	$0.01	$0.01
Q2 2018	1	$0.11	$0.11	$0.11
Q3 2018	1	$0.16	$0.16	$0.16
Q4 2018	1	$0.20	$0.20	$0.20

Golden Ocean Group (NASDAQ GOGL) Earnings History by Quarter

Date	Quarter	Consensus Estimate	Actual EPS	Revenue Estimate	Actual Revenue	Release Link	Conference Call
5/22/2018		$0.10					N/A
2/20/2018	Q4 2017	$0.13	$0.19	$104.91 million	$151.45 million	View	N/A
8/17/2017	6/30/2017	($0.13)	($0.10)	$65.36 million	$99.86 million	View	N/A
5/24/2017	3/31/2017	($0.14)	($0.17)	$58.80 million	$83.82 million	View	N/A
2/8/2017	Q4 2016	($0.13)	$0.06	$61.88 million	$86.22 million	View	N/A
11/22/2016	9/30/2016	($0.30)	($0.25)	$44.37 million	$71.01 million	View	N/A
8/24/2016	Q216	($0.35)	($0.37)	$35.00 million	$55.57 million	View	Listen
5/24/2016	Q116	($0.12)	($0.13)	$42.33 million	$45.01 million	View	Listen
2/18/2016	Q4 2015	($0.85)	($0.80)	$43.75 million	$56.52 million	View	N/A
11/24/2015	Q315	($0.11)	($0.24)	$51.20 million	$65.70 million	View	Listen
8/27/2015	Q215	($0.20)	($0.19)	$28.20 million	$49.33 million	View	Listen
5/28/2015	Q115	($0.22)	($0.18)	$34.80 million	$18.08 million	View	Listen
2/27/2015	Q4 2014	($0.07)	$0.06	$12.90 million	$36.68 million	View	N/A
11/21/2014	Q314	($0.08)	($0.11)	$15.48 million	$19.34 million	View	N/A
8/13/2014	Q214	$0.03	$0.02	$10.58 million	$20.59 million	View	N/A
5/8/2014	Q1 2014	$0.07	$0.14	$7.82 million	$20.11 million	View	N/A
2/5/2014	Q4	$0.08	$0.12	$10.89 million	$13.47 million	View	N/A
11/14/2013	Q3	$0.0050	$0.04	$8.07 million	$9.95 million	View	N/A
8/22/2013	Q2 2013	($0.10)	($0.15)	$5.90 million	$7.66 million	View	N/A
5/8/2013	Q1 2013	($0.02)	($0.02)	$6.19 million	$6.47 million	View	N/A
2/6/2013	Q4 2012	$0.35	$0.25			View	N/A
11/7/2012	Q3 2012	$0.60	($0.55)			View	N/A
8/22/2012	Q2 2012	$1.25	$0.73			View	N/A
5/11/2012	Q1 2012	$1.70	$1.46			View	N/A
2/8/2012	Q4 2011	$1.70	$1.95			View	N/A
11/8/2011	Q3 2011	$1.70	$1.85			View	N/A
8/16/2011	Q2 2011	$2.05	$1.88			View	N/A
5/10/2011	Q1 2011	$1.80	$1.76			View	N/A
11/10/2010	Q3 2010	$2.75	$2.40			View	N/A
8/12/2010	Q2 2010	$2.90	$3.95			View	N/A
5/12/2010	Q1 2010	$3.20	$3.00			View	N/A
2/9/2010	Q4 2009	$2.20	$2.65			View	N/A
11/12/2009	Q3 2009	$1.35	$0.90			View	N/A
8/14/2009	Q2 2009	$1.55	$0.91			View	N/A
5/14/2009	Q1 2009		$1.90			View	N/A
2/6/2009	Q4 2008	$2.25	$2.25			View	N/A
11/6/2008	Q3 2008	$3.05	$3.30			View	N/A
5/15/2008	Q1 2008	$5.50	$4.35			View	N/A
2/15/2008	Q4 2007	$2.30	$3.30			View	N/A

(Earnings results data provided by Zacks Investment Research)

Golden Ocean Group (NASDAQ:GOGL) Dividend Information

Golden Ocean Group pays an annual dividend of $0.40 per share, with a dividend yield of 4.74%. GOGL's most recent quarterly dividend payment was Thursday, March 22. Golden Ocean Group pays out -2,000.00% of its earnings out as a dividend.

Most Recent Dividend:	3/22/2018
Annual Dividend:	$0.40
Dividend Yield:	4.74%
Payout Ratio:	-2,000.00% (Trailing 12 Months of Earnings) 66.67% (Based on This Year's Estimates) 74.07% (Based on Next Year's Estimates)

Dividend Payments by Quarter for Golden Ocean Group (NASDAQ:GOGL)

Golden Ocean Group (NASDAQ:GOGL) Dividend History by Quarter

Announced	Period	Amount	Yield	Ex-Dividend Date	Record Date	Payable Date
2/20/2018	Quarterly	$0.10		3/2/2018	3/5/2018	3/22/2018
11/21/2014	quarterly	$0.05	3.08%	12/1/2014	12/3/2014	12/10/2014
8/15/2014	quarterly	$0.20	6.32%	8/26/2014	8/28/2014	9/10/2014
5/13/2014	quarterly	$0.20	6.03%	5/20/2014	5/22/2014	6/5/2014
2/6/2014	quarterly	$0.1750	6.99%	2/14/2014	2/19/2014	3/6/2014
11/22/2013	quarterly	$0.1750	9.41%	11/26/2013	11/29/2013	12/10/2013
11/14/2013		$0.1750		11/26/2013	11/29/2013	12/10/2013
8/14/2013	quarterly	$0.1750	8.67%	8/26/2013	8/28/2013	9/10/2013
5/15/2013	quarterly	$0.1750	9.25%	5/20/2013	5/22/2013	6/5/2013
2/15/2013	quarterly	$0.1750	10.62%	2/15/2013	2/20/2013	3/6/2013

(Data available from 1/1/2013 forward)

Golden Ocean Group (NASDAQ GOGL) Insider Trading and Institutional Ownership History

Institutional Ownership Percentage: 26.54%

Insider Trading History for Golden Ocean Group (NASDAQ:GOGL)

Institutional Ownership by Quarter for Golden Ocean Group (NASDAQ:GOGL)

Golden Ocean Group (NASDAQ GOGL) Insider Trading History

Transaction Date	Insider Name	Title	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction	Details

(Data available from 1/1/2013 forward)

Golden Ocean Group (NASDAQ GOGL) News Headlines

Source:

Date	Headline
	24 Stocks Moving In Wednesday's Pre-Market Session www.benzinga.com - April 18 at 5:28 PM
	Morgan Stanley Lowers Golden Ocean Group (GOGL) Price Target to $9.50 www.americanbankingnews.com - April 17 at 11:01 AM
	BidaskClub Lowers Golden Ocean Group (GOGL) to Hold www.americanbankingnews.com - April 16 at 9:49 AM
	Golden Ocean Group (GOGL) Expected to Post Quarterly Sales of $102.56 Million www.americanbankingnews.com - April 13 at 1:05 AM
	$0.07 Earnings Per Share Expected for Golden Ocean Group (GOGL) This Quarter www.americanbankingnews.com - April 11 at 11:16 PM
	Golden Ocean Group (GOGL) Raised to "Buy" at BidaskClub www.americanbankingnews.com - April 11 at 10:10 PM
	Golden Ocean Group (GOGL) vs. KNOT Offshore Partners (KNOP) Financial Survey www.americanbankingnews.com - April 10 at 3:22 PM
	Golden Ocean Group (GOGL) Downgraded to "Neutral" at Clarkson Capital www.americanbankingnews.com - April 6 at 9:50 PM
	Golden Ocean Group (GOGL) Rating Lowered to Hold at Zacks Investment Research www.americanbankingnews.com - April 6 at 8:11 PM
	Norway targets IMO to halve global shipping emissions by 2050 finance.yahoo.com - April 5 at 10:40 AM
	Golden Ocean Group (GOGL) Rating Lowered to Strong Sell at BidaskClub www.americanbankingnews.com - April 5 at 12:30 AM
	Golden Ocean Group (GOGL) Downgraded to "Strong Sell" at ValuEngine www.americanbankingnews.com - April 3 at 2:59 PM
	Golden Ocean Group Ltd (GOGL) Given Average Rating of "Buy" by Analysts www.americanbankingnews.com - April 1 at 5:34 AM
	Golden Ocean Group Ltd (GOGL) Expected to Post Quarterly Sales of $102.56 Million www.americanbankingnews.com - March 28 at 2:00 PM
	GOGL - Filing of 2017 Annual Report on Form 20-F finance.yahoo.com - March 28 at 8:51 AM
	JPMorgan Chase & Co. Increases Golden Ocean Group (GOGL) Price Target to $11.50 www.americanbankingnews.com - March 23 at 4:34 PM
	Golden Ocean Group (GOGL) Stock Rating Lowered by BidaskClub www.americanbankingnews.com - March 17 at 6:14 PM
	Golden Ocean Group (GOGL) Presents At JP Morgan Aviation, Transportation & Industrials Conference - Slideshow seekingalpha.com - March 16 at 6:09 PM
	Market Trends Toward New Normal in Golden Ocean Group, Redhill Biopharma, Galapagos NV, Crawford, Amphastar Pharmaceuticals, and 51job — Emerging Consolidated Expectations, Analyst Ratings finance.yahoo.com - March 15 at 8:37 AM
	Should We Be Concerned As Dry Bulk Orders Pile Up? seekingalpha.com - March 14 at 9:07 AM
	Golden Ocean Group Ltd (GOGL) Sees Significant Drop in Short Interest www.americanbankingnews.com - March 14 at 1:38 AM
	Zacks: Brokerages Anticipate Golden Ocean Group Ltd (GOGL) Will Announce Quarterly Sales of $102.56 Million www.americanbankingnews.com - March 10 at 2:40 AM
	Golden Ocean Group Ltd (GOGL) Expected to Announce Earnings of $0.07 Per Share www.americanbankingnews.com - March 8 at 5:29 PM
	Golden Ocean Group Ltd (GOGL) Receives Consensus Recommendation of "Buy" from Analysts www.americanbankingnews.com - March 7 at 5:58 AM
	Golden Ocean Group Limited (GOGL) Ex-Dividend Date Scheduled for March 02, 2018 - Nasdaq www.nasdaq.com - March 3 at 6:02 PM
	Leucadia National Corp Purchases New Stake in Golden Ocean Group Ltd (GOGL) www.americanbankingnews.com - March 2 at 5:54 PM
	Golden Ocean Group Limited: GOGL - Declaration of options and capital adjustment www.finanznachrichten.de - March 1 at 5:34 PM
	GOGL - Declaration of options and capital adjustment finance.yahoo.com - March 1 at 5:34 PM
	Gruss & Co. Inc. Sells 10,000 Shares of Golden Ocean Group Ltd (GOGL) www.americanbankingnews.com - February 26 at 3:04 PM
	Golden Ocean Group (GOGL) Stock Rating Upgraded by TheStreet www.americanbankingnews.com - February 25 at 12:56 PM
	Golden Ocean Group Ltd (GOGL) Declares Dividend Increase - $0.10 Per Share www.americanbankingnews.com - February 25 at 8:00 AM
	Seaport Global Securities Weighs in on Golden Ocean Group Ltd's Q2 2018 Earnings (GOGL) www.americanbankingnews.com - February 23 at 12:08 PM
	The Case For Golden Ocean - Seeking Alpha seekingalpha.com - February 23 at 8:44 AM
	Golden Ocean Group Q4 2017 Review: Dividends Begin seekingalpha.com - February 22 at 8:40 AM
	Research Analysts Offer Predictions for Golden Ocean Group Ltd's Q1 2018 Earnings (GOGL) www.americanbankingnews.com - February 22 at 8:26 AM
	Golden Ocean Group Target of Unusually Large Options Trading (GOGL) www.americanbankingnews.com - February 22 at 7:44 AM
	Golden Ocean Group 4Q17 Review: Dividends Begin seekingalpha.com - February 21 at 5:14 PM
	Morgan Stanley Analysts Give Golden Ocean Group (GOGL) a $10.00 Price Target www.americanbankingnews.com - February 21 at 12:45 PM
	BRIEF-Golden Ocean CEO expects dry bulk rates to rise after Chinese New Year www.reuters.com - February 20 at 5:30 PM
	Golden Ocean Group beats 4Q profit forecasts www.cnbc.com - February 20 at 8:32 AM
	GOGL - Fourth Quarter 2017 Results finance.yahoo.com - February 20 at 8:32 AM
	GOGL - Q4 2017 Presentation finance.yahoo.com - February 20 at 8:32 AM
	Golden Ocean Group Ltd (GOGL) Expected to Post Earnings of $0.13 Per Share www.americanbankingnews.com - February 20 at 1:22 AM
	Golden Ocean Group (GOGL) Set to Announce Earnings on Monday www.americanbankingnews.com - February 19 at 4:30 AM
	Golden Ocean Group (GOGL) Upgraded to "Hold" at BidaskClub www.americanbankingnews.com - February 17 at 12:26 PM
	Critical Review: Safe Bulkers (SB) & Golden Ocean Group (GOGL) www.americanbankingnews.com - February 15 at 5:10 PM
	GOGL - Invitation to presentation of Q4 2017 Results finance.yahoo.com - February 14 at 5:16 PM
	Baltic index dips as vessel demand slows ahead of Chinese holiday finance.yahoo.com - February 13 at 9:47 AM
	Golden Ocean Group (GOGL) Downgraded by Morgan Stanley www.americanbankingnews.com - February 12 at 10:12 PM
	Golden Ocean Group (GOGL) Upgraded at Clarkson Capital www.americanbankingnews.com - February 12 at 12:48 PM

Golden Ocean Group (NASDAQ:GOGL) SEC Filings

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Ownership Filings:

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Golden Ocean Group (NASDAQ:GOGL) Income Statement, Balance Sheet and Cash Flow Statement

Golden Ocean Group (NASDAQ GOGL) Stock Chart for Thursday, April, 19, 2018

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This page was last updated on 4/19/2018 by MarketBeat.com Staff