NASDAQ:GOGL Golden Ocean Group (GOGL) Stock Price, News & Analysis $10.62 -0.23 (-2.12%) (As of 10/28/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends About Golden Ocean Group Stock (NASDAQ:GOGL) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Golden Ocean Group alerts:Sign Up Key Stats Today's Range$10.61▼$10.7450-Day Range$10.62▼$13.3852-Week Range$7.09▼$15.77Volume1.11 million shsAverage Volume1.59 million shsMarket Capitalization$2.12 billionP/E Ratio9.93Dividend Yield11.30%Price Target$14.50Consensus RatingHold Company OverviewGolden 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… top AI stock (it’s not MSFT, GOOGL, AMZN or AAPL) (Ad)AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.Click here now for the full details of this stock that’s set to rocket in the AI revolution… Golden Ocean Group Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks73rd Percentile Overall ScoreGOGL MarketRank™: Golden Ocean Group scored higher than 73% of companies evaluated by MarketBeat, and ranked 50th out of 125 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion3.0 / 5Analyst RatingHold 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. Earnings and Valuation3.1 / 5Proj. Earnings Growth44.07% Earnings GrowthEarnings for Golden Ocean Group are expected to grow by 44.07% in the coming year, from $1.18 to $1.70 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Golden Ocean Group is 9.93, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.22.Price to Earnings Ratio vs. SectorThe P/E ratio of Golden Ocean Group is 9.93, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 17.76.Price to Book Value per Share RatioGolden Ocean Group has a P/B Ratio of 1.10. 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. Short Interest3.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted2.67% 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 2.3, 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 5.65%, indicating that investor sentiment is decreasing significantly. Dividend2.5 / 5Dividend StrengthModerate Dividend LeadershipGolden Ocean Group is a leading dividend payer. It pays a dividend yield of 11.06%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthGolden Ocean Group does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Golden Ocean Group is 112.15%. 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 70.59% 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. Sustainability and ESGN/AEnvironmental ScoreN/A Percentage of Shares Shorted2.67% 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 2.3, 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 5.65%, indicating that investor sentiment is decreasing significantly. News and Social Media1.3 / 5News Sentiment0.32 News SentimentGolden Ocean Group has a news sentiment score of 0.32. 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 lower news sentiment than the 0.50 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Golden Ocean Group this week, compared to 3 articles on an average week.Search InterestOnly 7 people have searched for GOGL on MarketBeat in the last 30 days. This is a decrease of -13% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Golden Ocean Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Company Ownership0.0 / 5Insider TradingN/A 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. 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 GOGL Stock News HeadlinesAnalysts Are Bullish on Top Industrial Goods Stocks: Golden Ocean Group (GOGL), Compagnie Générale des Établissements Michelin (MGDDF)October 26 at 4:41 AM | markets.businessinsider.comGolden Ocean Group (NASDAQ:GOGL) Stock, Short Interest ReportOctober 5, 2024 | benzinga.comThe real reason Elon is fully endorsing TrumpElon Musk is one of mankind’s greatest innovators. But for all his visionary prowess and contributions to humanity, there is a war being waged on Elon Musk. This war has nothing to do with X, Elon’s stance on immigration or his support for Donald Trump. October 29, 2024 | Porter & Company (Ad)GOGL – Renewal of share buy-back programOctober 2, 2024 | globenewswire.comGolden Ocean Group Limited (GOGL): Why Are Street Analysts Bullish on This Marine Shipping Stock?September 26, 2024 | finance.yahoo.comAre Golden Ocean Group Limited's (NASDAQ:GOGL) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?September 23, 2024 | finance.yahoo.comGOGL - Company Presentation September 2024September 12, 2024 | globenewswire.comIncome Investors Should Know That Golden Ocean Group Limited (NASDAQ:GOGL) Goes Ex-Dividend SoonSeptember 6, 2024 | finance.yahoo.comSee More Headlines GOGL Stock Analysis - Frequently Asked Questions How have GOGL shares performed this year? Golden Ocean Group's stock was trading at $9.76 on January 1st, 2024. Since then, GOGL shares have increased by 8.8% and is now trading at $10.62. View the best growth stocks for 2024 here. How were Golden Ocean Group's earnings last quarter? Golden Ocean Group Limited (NASDAQ:GOGL) released its quarterly earnings data on Wednesday, August, 28th. The shipping company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.04. The shipping company had revenue of $197.35 million for the quarter, compared to analyst estimates of $187.74 million. Golden Ocean Group had a net margin of 22.01% and a trailing twelve-month return on equity of 10.57%. When did Golden Ocean Group's stock split? 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 stock prior to the reverse split would have 20 shares after the split. Who are Golden Ocean Group's major shareholders? Top institutional shareholders of Golden Ocean Group include Assenagon Asset Management S.A. (0.16%), SG Americas Securities LLC (0.02%), US Bancorp DE (0.02%) and Blue Trust Inc. (0.02%). 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. What other stocks do shareholders of Golden Ocean Group own? Based on aggregate information from My MarketBeat watchlists, some other companies that Golden Ocean Group investors own include Cuisine Solutions (CUSI), InnerScope Hearing Technologies (INND), UnitedHealth Group (UNH), Gilead Sciences (GILD), Johnson & Johnson (JNJ), Corning (GLW) and American Tower (AMT). Company Calendar Last Earnings8/28/2024Ex-Dividend for 9/20 Dividend9/11/2024Dividend Payable9/20/2024Today10/29/2024Next Earnings (Estimated)11/19/2024Fiscal 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$14.50 High Stock Price Target$14.50 Low Stock Price Target$14.50 Potential Upside/Downside+36.5%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$1.07 Trailing P/E Ratio9.93 Forward P/E Ratio9.00 P/E GrowthN/ANet Income$112.27 million Net Margins22.01% Pretax Margin22.07% Return on Equity10.57% Return on Assets5.79% Debt Debt-to-Equity Ratio0.66 Current Ratio1.17 Quick Ratio1.00 Sales & Book Value Annual Sales$885.77 million Price / Sales2.40 Cash Flow$1.26 per share Price / Cash Flow8.45 Book Value$9.63 per share Price / Book1.10Miscellaneous Outstanding Shares200,030,000Free FloatN/AMarket Cap$2.12 billion OptionableOptionable Beta1.17 Social Links Reduce the RiskMarket downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.Get This Free Report This page (NASDAQ:GOGL) was last updated on 10/29/2024 by MarketBeat.com Staff From Our Partnerstop AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligen...Traders Agency | SponsoredTim Sykes’ Urgent Trade Alert: “Make this move now”WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT abou...Timothy Sykes | SponsoredNvidia is Pivoting to Solve Big Tech’s $1 Trillion ProblemTaiwan Semiconductor, a partner of Nvidia’s for more than two decades, has seen its shares explode as much as ...Weiss Ratings | SponsoredElon Musk Drops Stunning Bombshell?Elon Musk just dropped a BOMBSHELL that could send shockwaves throughout the tech industry… While deliverin...Paradigm Press | SponsoredTrump or Kamala? 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