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.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Water transportation
Sub-IndustryOil & Gas Storage & Transportation
SectorTransportation
SymbolNASDAQ:GOGL
CUSIPG5299G10
Phone1-441-295-6935
Debt
Debt-to-Equity Ratio0.76
Current Ratio1.19
Quick Ratio1.19
Price-To-Earnings
Trailing P/E Ratio-458.00
Forward P/E Ratio29.55
P/E GrowthN/A
Sales & Book Value
Annual Sales$460.02 million
Price / Sales2.87
Cash Flow$0.7117 per share
Price / Cash12.87
Book Value$10.66 per share
Price / Book0.86
Profitability
EPS (Most Recent Fiscal Year)($0.02)
Net Income$-2,340,000.00
Net Margins6.10%
Return on Equity2.24%
Return on Assets1.13%
Miscellaneous
Employees32
Outstanding Shares144,250,000
Market Cap$1.27 billion
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 declared a quarterly dividend on Monday, August 20th. Stockholders of record on Thursday, September 6th will be given a dividend of $0.10 per share on Thursday, September 20th. This represents a $0.40 annualized dividend and a dividend yield of 4.37%. The ex-dividend date of this dividend is Wednesday, September 5th. 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 Ltd (NASDAQ:GOGL) released its quarterly earnings results on Wednesday, May, 30th. The shipping company reported $0.12 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.03 by $0.09. The shipping company had revenue of $149.94 million for the quarter, compared to the consensus estimate of $92.61 million. Golden Ocean Group had a return on equity of 2.24% and a net margin of 6.10%. View Golden Ocean Group's Earnings History.
When is Golden Ocean Group's next earnings date?
What price target have analysts set for GOGL?
4 brokerages have issued twelve-month target prices for Golden Ocean Group's shares. Their forecasts range from $9.50 to $13.00. On average, they expect Golden Ocean Group's share price to reach $11.1667 in the next twelve months. This suggests a possible upside of 21.9% from the stock's current price. View Analyst Price Targets for Golden Ocean Group.
What is the consensus analysts' recommendation for Golden Ocean Group?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Golden Ocean Group in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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 Golar LNG (GLNG), Matson (MATX), GasLog (GLOG), Teekay Lng Partners, L.P. Common Stock (TGP), Golar LNG Partners (GMLP), Teekay Offshore Partners (TOO), GasLog Partners LP Unit (GLOP), Kenon (KEN), Tidewater (TDW), KNOT Offshore Partners (KNOP), International Seaways (INSW), Hoegh LNG Partners (HMLP), Nordic American Tanker (NAT), Dynagas LNG Partners (DLNG) and Teekay Tankers (TNK).
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)
Has Golden Ocean Group been receiving favorable news coverage?
News stories about GOGL stock have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Golden Ocean Group earned a coverage optimism score of 0.19 on Accern's scale. They also gave headlines about the shipping company an impact score of 47.52 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near future. View Recent Headlines for Golden Ocean Group.
Who are Golden Ocean Group's major shareholders?
Golden Ocean Group's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Folketrygdfondet (5.13%), Riverstone Holdings LLC (4.49%), Carlyle Group L.P. (4.49%), Platinum Investment Management Ltd. (1.39%), Marshall Wace LLP (1.07%) and Renaissance Technologies LLC (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 Carlyle Group L.P., Riverstone Holdings LLC, Millennium Management LLC, Jane Street Group LLC, GSA Capital Partners LLP and Dimensional Fund Advisors LP.
Which institutional investors are buying Golden Ocean Group stock?
GOGL stock was bought by a variety of institutional investors in the last quarter, including Platinum Investment Management Ltd., Marshall Wace LLP, Renaissance Technologies LLC, Duff & Phelps Investment Management Co., Bank of America Corp DE, Folketrygdfondet, Macquarie Group Ltd. and California Public Employees Retirement System.
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 $9.16.
How big of a company is Golden Ocean Group?
Golden Ocean Group has a market capitalization of $1.27 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 32 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 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)
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.
