Golden Ocean Group - GOGL Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Golden Ocean Group in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street research 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.
View GOGL analyst ratings or view top-rated stocks.

2 analysts have issued 1-year price objectives for Golden Ocean Group's shares. Their GOGL share price forecasts range from $10.00 to $13.00. On average, they predict the company's share price to reach $11.50 in the next year. This suggests a possible upside of 18.6% from the stock's current price.
View analysts price targets for GOGL or view top-rated stocks among Wall Street analysts.

Golden Ocean Group's stock was trading at $8.69 at the beginning of 2023. Since then, GOGL shares have increased by 11.6% and is now trading at $9.70.
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Golden Ocean Group saw a drop in short interest in the month of January. As of January 15th, there was short interest totaling 4,700,000 shares, a drop of 32.3% from the December 31st total of 6,940,000 shares. Based on an average trading volume of 2,240,000 shares, the short-interest ratio is currently 2.1 days. Currently, 3.9% of the company's shares 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) posted its quarterly earnings results on Wednesday, November, 16th. The shipping company reported $0.52 earnings per share (EPS) for the quarter. The shipping company earned $195.59 million during the quarter, compared to the consensus estimate of $181.50 million. Golden Ocean Group had a trailing twelve-month return on equity of 29.95% and a net margin of 47.96%.

Golden Ocean Group declared a quarterly dividend on Wednesday, November 16th. Shareholders of record on Monday, November 28th will be paid a dividend of $0.35 per share on Monday, December 5th. This represents a $1.40 annualized dividend and a dividend yield of 14.43%. 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 15.09%. 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 before market open 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 market closes 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 shareholders include Russell Investments Group Ltd. (0.00%), Trium Capital LLP (0.00%), Prospera Financial Services Inc (0.00%), Swiss National Bank (0.00%), UBS Group AG (0.00%) and Allspring Global Investments Holdings LLC (0.19%).

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 $9.70.

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.