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

Company Overview

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.

Key Stats

• Today's Range: $8.52 to $8.80
• 50-Day Range: $8.62 to $12.25
• 52-Week Range: $8.52 to $15.77
• Volume: 1.66 million shs
• Average Volume: 1.61 million shs
• Market Capitalization: $1.74 billion
• P/E Ratio: 7.20
• Dividend Yield: 13.78%
• Price Target: $12.25
• Consensus Rating: Hold

Golden Ocean Group Stock Analysis - MarketRank™

Golden Ocean Group scored higher than 81% of companies evaluated by MarketBeat, and ranked 39th out of 127 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, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Golden Ocean Group has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 28.81%

Earnings Growth

Earnings for Golden Ocean Group are expected to grow by 28.81% in the coming year, from $1.18 to $1.52 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Golden Ocean Group is 7.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.29.

Price to Earnings Ratio vs. Sector

The P/E ratio of Golden Ocean Group is 7.20, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 17.84.

Price to Book Value per Share Ratio

Golden Ocean Group has a P/B Ratio of 0.90. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.65% 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 2.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Golden Ocean Group has recently decreased by 3.12%, indicating that investor sentiment is improving.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Golden Ocean Group is a leading dividend payer. It pays a dividend yield of 13.36%, putting its dividend yield in the top 25% of dividend-paying stocks.

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 99.17%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Golden Ocean Group will have a dividend payout ratio of 78.95% in the coming year. This indicates that Golden Ocean Group may not be able to sustain their current dividend.

Sustainability and ESG

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

Percentage of Shares Shorted

3.65% 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 2.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Golden Ocean Group has recently decreased by 3.12%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 0.06

News Sentiment

Golden Ocean Group has a news sentiment score of 0.06. 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 0.67 average news sentiment score of Transportation companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Golden Ocean Group this week, compared to 3 articles on an average week.

Search Interest

25 people have searched for GOGL on MarketBeat in the last 30 days. This is an increase of 400% compared to the previous 30 days.

MarketBeat Follows

6 people have added Golden Ocean Group to their MarketBeat watchlist in the last 30 days. This is an increase of 500% 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 $9.76 at the beginning of 2024. Since then, GOGL shares have decreased by 10.8% and is now trading at $8.71.
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 Tuesday, November, 23rd. The shipping company reported $0.95 EPS for the quarter, beating the consensus estimate 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 net margin of 23.89% and a trailing twelve-month return on equity of 13.14%.

When did Golden Ocean Group's stock split?

Golden Ocean Group shares 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 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 Two Sigma Advisers LP (1.38%), State Street Corp (1.07%), Geode Capital Management LLC (0.83%) and Empowered Funds LLC (0.46%).

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 Earnings: 11/23/2021
• Ex-Dividend for 12/18 Dividend: 12/09/2024
• Dividend Payable: 12/18/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Transportation
• Industry: Water transportation
• Sub-Industry: Oil & Gas Storage & Transportation
• Current Symbol: NASDAQ:GOGL
• Previous Symbol: NASDAQ:VLCCF
• CUSIP: G5299G10
• CIK: 1029145
• Web: www.goldenocean.bm
• Phone: (441) 295-6935
• Fax: 1-441-295-3494
• Employees: 38
• Year Founded: 2004

Price Target and Rating

• Average Stock Price Target: $12.25
• High Stock Price Target: $12.50
• Low Stock Price Target: $12.00
• Potential Upside/Downside: +40.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.21
• Trailing P/E Ratio: 7.20
• Forward P/E Ratio: 7.38
• P/E Growth: N/A
• Net Income: $112.27 million
• Net Margins: 23.89%
• Pretax Margin: 23.95%
• Return on Equity: 13.14%
• Return on Assets: 7.29%

Debt

• Debt-to-Equity Ratio: 0.65
• Current Ratio: 1.22
• Quick Ratio: 1.22

Sales & Book Value

• Annual Sales: $1.01 billion
• Price / Sales: 1.72
• Cash Flow: $1.23 per share
• Price / Cash Flow: 7.10
• Book Value: $9.63 per share
• Price / Book: 0.90

Miscellaneous

• Outstanding Shares: 200,028,000
• Free Float: N/A
• Market Cap: $1.74 billion
• Optionable: Optionable
• Beta: 1.16