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S&P 500   3,825.33
DOW   31,097.26
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S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
NASDAQ:GOGL

Golden Ocean Group Stock Forecast, Price & News

$10.75
-0.89 (-7.65%)
(As of 07/1/2022 08:44 PM ET)
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Today's Range
$10.36
$11.34
50-Day Range
$10.75
$16.06
52-Week Range
$7.59
$16.46
Volume
4.85 million shs
Average Volume
4.12 million shs
Market Capitalization
$1.54 billion
P/E Ratio
3.45
Dividend Yield
18.60%
Price Target
$13.00

Golden Ocean Group MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
20.9% Upside
$13.00 Price Target
Short Interest
Healthy
2.94% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.89mentions of Golden Ocean Group in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

1.77 out of 5 stars

Transportation Sector

81st out of 169 stocks

Water Transportation Industry

10th out of 24 stocks

30 days | 90 days | 365 days | Advanced Chart

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Golden Ocean Group 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.

GOGL Stock News Headlines

Golden Ocean Group (NASDAQ:GOGL) Shares Gap Down to $12.13
Golden Ocean Group (NASDAQ:GOGL) Shares Down 7.2%
9 Best Shipping Stocks That Pay Dividends
Golden Ocean Group (NASDAQ:GOGL) Shares Gap Down to $15.69
Golden Ocean declares $0.50 dividend
GOGL – Q1 2022 Presentation
Golden Ocean: I Double Upgraded The Stock To Buy
See More Headlines

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

Company Calendar

Last Earnings
5/18/2022
Ex-Dividend for 6/8 Dividend
5/31/2022
Dividend Payable
6/08/2022
Today
7/03/2022
Next Earnings (Estimated)
8/25/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$13.00
High Stock Price Forecast
$13.00
Low Stock Price Forecast
$13.00
Forecasted Upside/Downside
+20.9%
Consensus Rating
Hold
Rating Score (0-4)
2
Research Coverage
1 Analysts

Profitability

Net Income
$527.22 million
Pretax Margin
48.03%

Debt

Sales & Book Value

Annual Sales
$1.20 billion
Cash Flow
$4.50 per share
Book Value
$13.46 per share

Miscellaneous

Free Float
N/A
Market Cap
$1.54 billion
Optionable
Optionable
Beta
1.35

Social Links















Golden Ocean Group Frequently Asked Questions

Should I buy or sell Golden Ocean Group stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Golden Ocean Group in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Golden Ocean Group stock. 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 analyst ratings for Golden Ocean Group
or view top-rated stocks.

What is Golden Ocean Group's stock price forecast for 2022?

1 Wall Street research analysts have issued 12-month price targets for Golden Ocean Group's stock. Their GOGL stock forecasts range from $13.00 to $13.00. On average, they expect Golden Ocean Group's share price to reach $13.00 in the next twelve months. This suggests a possible upside of 20.9% from the stock's current price.
View analysts' price targets for Golden Ocean Group
or view top-rated stocks among Wall Street analysts.

How has Golden Ocean Group's stock performed in 2022?

Golden Ocean Group's stock was trading at $9.30 on January 1st, 2022. Since then, GOGL shares have increased by 15.6% and is now trading at $10.75.
View the best growth stocks for 2022 here
.

When is Golden Ocean Group's next earnings date?

Golden Ocean Group is scheduled to release its next quarterly earnings announcement on Thursday, August 25th 2022.
View our earnings forecast for Golden Ocean Group
.

How were Golden Ocean Group's earnings last quarter?

Golden Ocean Group Limited (NASDAQ:GOGL) issued its quarterly earnings data on Wednesday, May, 18th. The shipping company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.35 by $0.18. 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 in the prior year, the firm posted $0.14 earnings per share.
View Golden Ocean Group's earnings history
.

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. Investors 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 annualized dividend and a dividend yield of 18.60%. The ex-dividend date is Tuesday, May 31st.
View Golden Ocean Group's dividend history
.

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 18.60%. GOGL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Golden Ocean Group is 64.10%. This payout ratio is at a healthy, sustainable level, below 75%.
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 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 market closes 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.

Who are Golden Ocean Group's key executives?

Golden Ocean Group's management team includes the following people:
  • Mr. Ulrik Uhrenfeldt Andersen, Chief Exec. Officer of Golden Ocean Management AS (Age 43)
  • Mr. Peder Carl Gram Simonsen, Chief Financial Officer of Golden Ocean Management AS (Age 48)
  • Mr. Lars-Christian Svensen, Chief Commercial Officer of Golden Ocean Management AS (Age 36)
  • Mr. Tord Brath, Head of Global Operations

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."

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 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 $10.75.

How much money does Golden Ocean Group make?

Golden Ocean Group (NASDAQ:GOGL) has a market capitalization of $1.54 billion and generates $1.20 billion in revenue each year. The shipping company earns $527.22 million in net income (profit) each year or $3.119990 on an earnings per share basis.

How many employees does Golden Ocean Group have?

Golden Ocean Group employs 37 workers across the globe.

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 Golden Ocean Group 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 7/4/2022 by MarketBeat.com Staff

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