Golden Ocean Group - GOGL Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Golden Ocean Group in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" GOGL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GOGL, but not buy additional shares or sell existing shares.
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2 equities research analysts have issued 1 year target prices for Golden Ocean Group's stock. Their GOGL share price forecasts range from $10.00 to $13.00. On average, they anticipate the company's share price to reach $11.50 in the next year. This suggests a possible upside of 26.4% from the stock's current price.
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Golden Ocean Group's stock was trading at $8.69 on January 1st, 2023. Since then, GOGL shares have increased by 4.7% and is now trading at $9.10.
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Golden Ocean Group saw a decline in short interest in January. As of January 15th, there was short interest totaling 4,700,000 shares, a decline of 32.3% from the December 31st total of 6,940,000 shares. Based on an average daily trading volume, of 2,240,000 shares, the short-interest ratio is currently 2.1 days. Approximately 3.9% of the shares of the company are sold short.
View Golden Ocean Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our GOGL earnings forecast.

Golden Ocean Group Limited (NASDAQ:GOGL) issued its quarterly earnings results on Wednesday, November, 16th. The shipping company reported $0.52 EPS for the quarter. The shipping company earned $195.59 million during the quarter, compared to analysts' expectations of $181.50 million. Golden Ocean Group had a net margin of 47.96% and a trailing twelve-month return on equity of 29.95%.

Golden Ocean Group announced a quarterly dividend on Wednesday, November 16th. Shareholders of record on Monday, November 28th will be given a dividend of $0.35 per share on Monday, December 5th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 15.38%. The ex-dividend date is Friday, November 25th.
Read our dividend analysis for GOGL.

Golden Ocean Group (NASDAQ:GOGL) pays an annual dividend of $1.40 per share and currently has a dividend yield of 15.42%. GOGL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 47.30%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, GOGL will have a dividend payout ratio of 123.89% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for GOGL.

Shares of Golden Ocean Group 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.

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 Navigation (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 many different institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.19%), Jenkins Wealth (0.00%), Strs Ohio (0.06%), SummerHaven Investment Management LLC (0.05%), Regent Investment Management LLC (0.03%) and Onyx Bridge Wealth Group LLC (0.02%).

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.
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One share of GOGL stock can currently be purchased for approximately $9.10.

Golden Ocean Group (NASDAQ:GOGL) has a market capitalization of $1.30 billion and generates $1.20 billion in revenue each year. The shipping company earns $527.22 million in net income (profit) each year or $2.96 on an earnings per share basis.

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.