Golden Ocean Group (GOGL) Stock Price, News & Analysis

Company Overview

Golden Ocean Group Limited is a Bermuda-incorporated shipping company that provides seaborne transportation services in the global drybulk market. The company’s core business involves chartering vessels to move key commodities such as iron ore, coal and grains. By leveraging a mix of spot market and period contracts, Golden Ocean adapts to shifting market demands and seeks to optimise fleet deployment across international trade routes.

The company’s fleet comprises drybulk carriers of various sizes, including Capesize, Panamax, Supramax and Ultramax vessels. These ships are employed on long-haul voyages connecting major commodity exporting and importing regions in Asia, North and South America, Europe and elsewhere. Golden Ocean partners with charterers in steel, energy and agricultural sectors, offering flexible freight solutions for both cargo owners and traders.

Golden Ocean was established in 2011 and is managed by Golden Ocean Management AS, with principal offices in Hamilton, Bermuda, as well as regional offices in Oslo and Singapore. The company listed its shares on the NASDAQ stock exchange under the ticker GOGL, marking a milestone in its efforts to strengthen capital access and corporate governance. Over the years, Golden Ocean has pursued a policy of renewing and modernising its fleet to enhance fuel efficiency and environmental performance.

The company’s executive leadership is headed by President and Chief Executive Officer Ulrik Andersen, supported by an experienced management team with expertise in ship operations, finance and commercial strategy. Golden Ocean continues to focus on operational reliability, cost discipline and sustainable shipping practices as it seeks to build long-term value for stakeholders in the dynamic drybulk sector.

Key Stats

• Today's Range: $7.98 to $7.98
• 50-Day Range: $7.77 to $8.99
• 52-Week Range: $6.27 to $13.44
• Volume: N/A
• Average Volume: 2.93 million shs
• Market Capitalization: $1.59 billion
• P/E Ratio: 14.00
• Dividend Yield: 2.51%
• Price Target: $10.25
• Consensus Rating: Hold

Golden Ocean Group Stock Analysis - MarketRank™

Golden Ocean Group scored higher than 33% of companies evaluated by MarketBeat, and ranked 99th out of 129 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

Golden 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.

Upside Potential

Golden Ocean Group has a consensus price target of $10.25, representing about 28.4% upside from its current price of $7.98.

Amount of Analyst Coverage

Golden Ocean Group has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -16.67%

Earnings Growth

Earnings for Golden Ocean Group are expected to decrease by -16.67% in the coming year, from $1.14 to $0.95 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Golden Ocean Group is 14.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 280.80.

Price to Earnings Ratio vs. Sector

The P/E ratio of Golden Ocean Group is 14.00, which means that it is trading at a more expensive P/E ratio than the Transportation sector average P/E ratio of about 13.71.

Price to Book Value per Share Ratio

Golden Ocean Group has a P/B Ratio of 0.84. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

13.07% of the float of Golden Ocean Group has been sold short.

Short Interest Ratio / Days to Cover

Golden Ocean Group has a short interest ratio ("days to cover") of 4.9.

Change versus previous month

Short interest in Golden Ocean Group has recently increased by 28.30%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Golden Ocean Group pays a meaningful dividend of 2.51%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Golden Ocean Group does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Golden Ocean Group is 35.09%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Golden Ocean Group will have a dividend payout ratio of 21.05% next year. This indicates that Golden Ocean Group will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

13.07% of the float of Golden Ocean Group has been sold short.

Short Interest Ratio / Days to Cover

Golden Ocean Group has a short interest ratio ("days to cover") of 4.9.

Change versus previous month

Short interest in Golden Ocean Group has recently increased by 28.30%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: N/A

Search Interest

11 people have searched for GOGL on MarketBeat in the last 30 days. This is an increase of 175% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Golden Ocean Group insiders have not sold or bought any company stock.

Percentage Held by Institutions

Only 22.00% of the stock of Golden Ocean Group is held by institutions.

GOGL Stock Analysis - Frequently Asked Questions

How have GOGL shares performed this year?

Golden Ocean Group's stock was trading at $8.96 on January 1st, 2025. Since then, GOGL shares have decreased by 10.9% and is now trading at $7.98.

How were Golden Ocean Group's earnings last quarter?

Golden Ocean Group Limited (NASDAQ:GOGL) posted its quarterly earnings results on Wednesday, May, 21st. The shipping company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.10) by $0.09. The shipping company had revenue of $115 million for the quarter, compared to analyst estimates of $106.48 million. Golden Ocean Group had a trailing twelve-month return on equity of 5.56% and a net margin of 13.16%.
Read the conference call transcript.

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?

Golden Ocean Group's top institutional shareholders include Arrowstreet Capital Limited Partnership (2.37%), Mirabella Financial Services LLP (1.29%), FourWorld Capital Management LLC (1.25%) and Bridgeway Capital Management LLC (0.77%).

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.

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 Earnings: 5/21/2025
• Record date for 6/17 Dividend: 6/05/2025
• Ex-Dividend for 6/17 Dividend: 6/05/2025
• Dividend Payable: 6/17/2025
• Today: 9/13/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Transportation
• Industry: TRANS - SHIP
• Sub-Industry: Oil & Gas Storage & Transportation
• Current Symbol: NASDAQ:GOGL
• Previous Symbol: NASDAQ:VLCCF
• CIK: 1029145
• Web: www.goldenocean.bm
• Phone: (441) 295-6935
• Fax: 1-441-295-3494
• Employees: 40
• Year Founded: 2004

Price Target and Rating

• Average Price Target for Golden Ocean Group: $10.25
• High Price Target: $12.50
• Low Price Target: $8.00
• Potential Upside/Downside: +28.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Trailing Twelve Months): $0.57
• Trailing P/E Ratio: 14.00
• Forward P/E Ratio: 7.00
• P/E Growth: N/A
• Net Income: $223.21 million
• Net Margins: 13.16%
• Pretax Margin: 13.25%
• Return on Equity: 5.56%
• Return on Assets: 3.08%

Debt

• Debt-to-Equity Ratio: 0.66
• Current Ratio: 0.81
• Quick Ratio: 0.81

Sales & Book Value

• Annual Sales: $968.42 million
• Price / Sales: 1.64
• Cash Flow: $1.73 per share
• Price / Cash Flow: 4.60
• Book Value: $9.50 per share
• Price / Book: 0.84

Miscellaneous

• Outstanding Shares: 199,400,000
• Free Float: N/A
• Market Cap: $1.59 billion
• Optionable: Optionable
• Beta: 1.09