Golden Ocean/GOGL

$13.38

2.21%
-
1D1W1MYTD1YMAX

About Golden Ocean

Golden Ocean Group Limited is a Bermuda-based international dry bulk shipping company. The Company owns and operates a fleet of dry bulk vessels, comprising Newcastlemax, Capesize, Panamax and Ultramax vessels. Its vessels transport a range of bulk commodities, including ores, coal, grains and fertilizers, along worldwide shipping routes. Its vessels operate in the spot and time charter markets. It owns 81 dry bulk vessels and has construction contracts for seven new buildings. In addition, it has 11 vessels chartered-in (of which seven and one are chartered in on finance leases and operating leases, respectively, from SFL Corporation Ltd. (SFL) and three chartered in on operating leases from unrelated third parties). Six of its vessels are chartered-out on fixed rate time charters, 31 of its vessels are chartered out on index-linked-rate time charters and the remaining 55 vessels operate on the spot market.

Ticker

GOGL

Sector

Industrials

Trading on

NASDAQ

Industry

Water Transportation

CEO

Ola Lorentzon

Employees

38

Headquarters

Hamilton, Bermuda

Golden Ocean Metrics

BasicAdvanced
$2.59B
Market cap
22.85
P/E ratio
$0.57
EPS
1.37
Beta
$0.50
Dividend rate
9.25%
Dividend yield
$2.59B
1.36984
$13.95
$6.89
1.73M
$0.50
1.233
1.052
69.137
75.845
89.09%
2.55%
3.33%
5.85%
3.56%
22.847
2.923
1.347
1.347
3.86%
9.25%
-20.45%
-75.3%
13.37%

What the Analysts think about Golden Ocean

Analyst Ratings

Majority rating from 9 analysts.
Buy

Price Targets

Average projection from 5 analysts.
11.43% upside
High $16.00
Low $13.40
$13.38
Current price
$14.91
Average price target

Golden Ocean Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
22.58% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$254.2M
14.71%
Net income
$57.4M
100%
Profit margin
22.58%
74.36%

Golden Ocean Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 7.89%
QuarterlyAnnual
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Actual
-$0.04
$0.17
$0.14
$0.29
-
Expected
-$0.05
$0.11
$0.06
$0.27
$0.26
Surprise
-23.81%
49.56%
121.05%
7.89%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for Golden Ocean stock?

Golden Ocean (GOGL) has a market cap of $2.59B as of April 23, 2024.

What is the P/E ratio for Golden Ocean stock?

The price to earnings (P/E) ratio for Golden Ocean (GOGL) stock is 22.85 as of April 23, 2024.

Does Golden Ocean stock pay dividends?

Yes, the Golden Ocean (GOGL) stock pays dividends to shareholders. As of April 23, 2024, the dividend rate is $0.5 and the yield is 9.25%. Golden Ocean has a payout ratio of 89.09% on a trailing twelve-month basis.

When is the next Golden Ocean dividend payment date?

The next Golden Ocean (GOGL) dividend payment date is unconfirmed.

What is the beta indicator for Golden Ocean?

Golden Ocean (GOGL) has a beta rating of 1.37. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.

What is the Golden Ocean stock price target?

The target price for Golden Ocean (GOGL) stock is $14.91, which is 11.43% above the current price of $13.38. This is an average based on projections from 5 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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