NASDAQ:GOGL Golden Ocean Group (GOGL) Stock Price, News & Analysis → Top 5 AI Stocks to Buy for 2024 (From Market Moving Trends) (Ad) Free GOGL Stock Alerts $13.41 -0.41 (-2.97%) (As of 06/7/2024 ET) Add Compare Share Share Today's Range$13.39▼$13.5950-Day Range$12.65▼$15.7752-Week Range$6.89▼$15.77Volume976,597 shsAverage Volume1.77 million shsMarket Capitalization$2.68 billionP/E Ratio14.42Dividend Yield8.95%Price Target$12.75 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Golden Ocean Group alerts: Email Address Golden Ocean Group MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside4.9% Downside$12.75 Price TargetShort InterestHealthy3.48% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.96Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth22.38%From $1.43 to $1.75 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.08 out of 5 starsTransportation Sector89th out of 112 stocksWater Transportation Industry12th out of 15 stocks 1.0 Analyst's Opinion Consensus RatingGolden Ocean Group has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.Amount of Analyst CoverageGolden Ocean Group has only been the subject of 1 research reports in the past 90 days.Read more about Golden Ocean Group's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.48% of the float of Golden Ocean Group has been sold short.Short Interest Ratio / Days to CoverGolden Ocean Group has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Golden Ocean Group has recently increased by 7.25%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipGolden Ocean Group is a leading dividend payer. It pays a dividend yield of 8.48%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthGolden Ocean Group has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Golden Ocean Group is 129.03%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Golden Ocean Group will have a dividend payout ratio of 68.57% next year. This indicates that Golden Ocean Group will be able to sustain or increase its dividend.Read more about Golden Ocean Group's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for GOGL. Previous Next 3.9 News and Social Media Coverage News SentimentGolden Ocean Group has a news sentiment score of 0.96. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.83 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Golden Ocean Group this week, compared to 3 articles on an average week.Search Interest20 people have searched for GOGL on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.MarketBeat Follows13 people have added Golden Ocean Group to their MarketBeat watchlist in the last 30 days. This is an increase of 225% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Golden Ocean Group insiders have not sold or bought any company stock.Percentage Held by InstitutionsOnly 22.00% of the stock of Golden Ocean Group is held by institutions.Read more about Golden Ocean Group's insider trading history. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Golden Ocean Group are expected to grow by 22.38% in the coming year, from $1.43 to $1.75 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Golden Ocean Group is 14.42, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.43.Price to Earnings Ratio vs. SectorThe P/E ratio of Golden Ocean Group is 14.42, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 21.26.Price to Book Value per Share RatioGolden Ocean Group has a P/B Ratio of 1.39. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Golden Ocean Group's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Paradigm PressAfter Conviction, More Bad News for TrumpAs a former advisor to the CIA, the Pentagon and the White House… I feel it’s my duty to warn you about this coming election meltdown.Click here to see the details because this coming election meltdown could trigger… About Golden Ocean Group Stock (NASDAQ:GOGL)Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels worldwide. The company's dry bulk vessels comprise Newcastlemax, Capesize, and Panamax vessels operating in the spot and time charter markets. It also transports a range of bulk commodities, including ores, coal, grains, and fertilizers. As of March 20, 2024, the company owned a fleet of 83 dry bulk vessels. Golden Ocean Group Limited is based in Hamilton, Bermuda.Read More GOGL Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GOGL Stock News HeadlinesJune 6 at 7:53 AM | investorplace.comPortfolio Boosters: 3 Standout Stocks Set to Double This YearJune 5 at 8:08 AM | americanbankingnews.comGolden Ocean Group Limited (GOGL) To Go Ex-Dividend on June 7thJune 4, 2024 | 247wallst.comWant $10,000 In Passive Income? Invest $12,500 Into These 7 Dividend StocksJune 3, 2024 | americanbankingnews.comGolden Ocean Group Limited (NASDAQ:GOGL) Short Interest UpdateMay 29, 2024 | finanznachrichten.deGolden Ocean Group Limited: GOGL - Transition of Chief Executive OfficerMay 29, 2024 | globenewswire.comGOGL - Transition of Chief Executive OfficerMay 25, 2024 | seekingalpha.comGolden Ocean Group Limited (GOGL) Q1 2024 Earnings Call TranscriptMay 23, 2024 | msn.comGolden Ocean Group Limited (NASDAQ:GOGL) Q1 2024 Earnings Call TranscriptMay 22, 2024 | msn.comGolden Ocean declares $0.30 dividendMay 22, 2024 | seekingalpha.comGolden Ocean Group Limited 2024 Q1 - Results - Earnings Call PresentationMay 22, 2024 | investorplace.comGOGL Stock Earnings: Golden Ocean Group Beats EPS, Beats Revenue for Q1 2024May 22, 2024 | globenewswire.comGOGL – Q1 2024 PresentationMay 22, 2024 | finanznachrichten.deGolden Ocean Group Limited: GOGL - First Quarter 2024 ResultsMay 22, 2024 | sfgate.comGolden Ocean Group: Q1 Earnings SnapshotMay 22, 2024 | globenewswire.comGOGL – First Quarter 2024 ResultsMay 13, 2024 | globenewswire.comGOGL – Invitation to presentation of Q1 2024 ResultsApril 30, 2024 | finance.yahoo.comGolden Ocean Group Limited's (NASDAQ:GOGL) largest shareholders are private companies who were rewarded as market cap surged US$156m last weekApril 29, 2024 | msn.comMatson Q1 2024 Earnings PreviewApril 29, 2024 | finanznachrichten.deGolden Ocean Group Limited: GOGL - 2024 AGM Results NotificationApril 29, 2024 | globenewswire.comGOGL – 2024 AGM Results NotificationApril 19, 2024 | msn.comGolden Ocean Group (GOGL) Stock Moves -0.54%: What You Should KnowApril 18, 2024 | finance.yahoo.comGolden Ocean Group Limited (GOGL)April 10, 2024 | markets.businessinsider.comCleaves Securities Reaffirms Their Hold Rating on Golden Ocean Group (GOGL)April 5, 2024 | finanznachrichten.deGolden Ocean Group Limited: GOGL - Notice of 2024 Annual General MeetingApril 5, 2024 | globenewswire.comGOGL – Notice of 2024 Annual General MeetingSee More Headlines Receive GOGL Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Golden Ocean Group and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings11/23/2021Ex-Dividend for 3/25 Dividend3/12/2024Dividend Payable3/25/2024Today6/07/2024Ex-Dividend for 6/17 Dividend6/07/2024Dividend Payable6/17/2024Next Earnings (Estimated)9/03/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorTransportation Industry Water transportation Sub-IndustryOil & Gas Storage & Transportation Current SymbolNASDAQ:GOGL Previous SymbolNASDAQ:VLCCF CUSIPG5299G10 CIK1029145 Webwww.goldenocean.bm Phone(441) 295-6935Fax1-441-295-3494Employees38Year Founded2004Price Target and Rating Average Stock Price Target$12.75 High Stock Price Target$15.50 Low Stock Price Target$10.00 Potential Upside/Downside-4.9%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$0.93 Trailing P/E Ratio14.42 Forward P/E Ratio9.38 P/E GrowthN/ANet Income$112.27 million Net Margins19.92% Pretax Margin19.98% Return on Equity8.67% Return on Assets4.71% Debt Debt-to-Equity Ratio0.68 Current Ratio1.25 Quick Ratio1.25 Sales & Book Value Annual Sales$885.77 million Price / Sales3.02 Cash Flow$1.22 per share Price / Cash Flow11.02 Book Value$9.63 per share Price / Book1.39Miscellaneous Outstanding Shares199,630,000Free FloatN/AMarket Cap$2.68 billion OptionableOptionable Beta1.23 Social Links 10 Best Cheap Stocks to Buy NowMarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. Peder Carl Gram Simonsen (Age 50)Chief Financial Officer of Golden Ocean Management AS Mr. Lars-Christian Svensen (Age 38)Chief Executive Officer of Golden Ocean Management AS Mr. Tord BrathHead of Global OperationsKey CompetitorsTeekay LNG PartnersNYSE:TGPHöegh LNG PartnersNYSE:HMLPFrontlineNYSE:FROScorpio TankersNYSE:STNGGolar LNGNASDAQ:GLNGView All CompetitorsInstitutional OwnershipBridgeway Capital Management LLCBought 211,629 shares on 5/16/2024Ownership: 0.780%California State Teachers Retirement SystemSold 7,882 shares on 5/16/2024Ownership: 0.006%Bayesian Capital Management LPBought 11,624 shares on 5/16/2024Ownership: 0.006%Price T Rowe Associates Inc. MDBought 4,858 shares on 5/15/2024Ownership: 0.018%Lazard Asset Management LLCBought 11,541 shares on 5/15/2024Ownership: 0.006%View All Institutional Transactions GOGL Stock Analysis - Frequently Asked Questions Should I buy or sell Golden Ocean Group stock right now? 2 Wall Street equities research 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 equities 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. What is Golden Ocean Group's stock price target for 2024? 2 Wall Street analysts have issued 1 year target prices for Golden Ocean Group's shares. Their GOGL share price targets range from $10.00 to $15.50. On average, they predict the company's stock price to reach $12.75 in the next twelve months. This suggests that the stock has a possible downside of 4.9%. View analysts price targets for GOGL or view top-rated stocks among Wall Street analysts. How have GOGL shares performed in 2024? Golden Ocean Group's stock was trading at $9.76 at the beginning of 2024. Since then, GOGL stock has increased by 37.4% and is now trading at $13.41. View the best growth stocks for 2024 here. Are investors shorting Golden Ocean Group? Golden Ocean Group saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 4,140,000 shares, an increase of 7.3% from the April 30th total of 3,860,000 shares. Based on an average trading volume of 1,850,000 shares, the short-interest ratio is currently 2.2 days. Currently, 3.5% of the company's shares are sold short. View Golden Ocean Group's Short Interest. When is Golden Ocean Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, September 3rd 2024. View our GOGL earnings forecast. How were Golden Ocean Group's earnings last quarter? Golden Ocean Group Limited (NASDAQ:GOGL) posted its quarterly earnings data on Tuesday, November, 23rd. The shipping company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.40. The shipping company had revenue of $387.62 million for the quarter, compared to analyst estimates of $251.80 million. Golden Ocean Group had a trailing twelve-month return on equity of 8.67% and a net margin of 19.92%. During the same quarter last year, the company posted $0.27 earnings per share. 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 Wednesday, May 22nd. Investors of record on Friday, June 7th will be paid a dividend of $0.30 per share on Monday, June 17th. This represents a $1.20 dividend on an annualized basis and a yield of 8.95%. The ex-dividend date of this dividend is Friday, June 7th. Read our dividend analysis for GOGL. Is Golden Ocean Group a good dividend stock? Golden Ocean Group (NASDAQ:GOGL) pays an annual dividend of $1.20 per share and currently has a dividend yield of 8.48%. GOGL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 129.03%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, GOGL will have a dividend payout ratio of 68.57% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for GOGL. What ETFs hold Golden Ocean Group's stock? ETFs with the largest weight of Golden Ocean Group (NASDAQ:GOGL) stock in their portfolio include SonicShares Global Shipping ETF (BOAT), Counterpoint Quantitative Equity ETF (CPAI), Cambria Foreign Shareholder Yield ETF (FYLD) and Global X MSCI Norway ETF (NORW).EA Bridgeway Omni Small-Cap Value ETF (BSVO). When did Golden Ocean Group's stock split? Golden Ocean Group's stock 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. What other stocks do shareholders of Golden Ocean Group own? 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). Who are Golden Ocean Group's major shareholders? Golden Ocean Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include Folketrygdfondet (4.70%), Vanguard Group Inc. (2.60%), Bridgeway Capital Management LLC (0.78%), Hosking Partners LLP (0.70%), Empowered Funds LLC (0.41%) and Mirae Asset Global Investments Co. Ltd. (0.39%). How do I buy shares of Golden Ocean Group? Shares of GOGL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:GOGL) was last updated on 6/8/2024 by MarketBeat.com Staff From Our PartnersMillionaire-Making “Wealth Pattern” Just Repeated on April 22If you think you missed out on the Bitcoin band wagon… You need to watch this immediately.Paradigm Press | SponsoredBreaking - The US Gov. Seized CITGODo you want an investment that can double or triple your money in the next three months? 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