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Golden Ocean Group NasdaqGS:GOGL Stock Report

Last Price

US$12.97

Market Cap

US$2.6b

7D

-1.9%

1Y

80.6%

Updated

21 Jul, 2024

Data

Company Financials +

Golden Ocean Group Limited

NasdaqGS:GOGL Stock Report

Market Cap: US$2.6b

Golden Ocean Group Limited Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Golden Ocean Group
Historical stock prices
Current Share PriceUS$12.97
52 Week HighUS$15.77
52 Week LowUS$6.89
Beta1.19
11 Month Change-4.00%
3 Month Change-0.92%
1 Year Change80.64%
33 Year Change35.95%
5 Year Change100.46%
Change since IPO-38.82%

Recent News & Updates

We Think Golden Ocean Group (NASDAQ:GOGL) Is Taking Some Risk With Its Debt

Jul 12
We Think Golden Ocean Group (NASDAQ:GOGL) Is Taking Some Risk With Its Debt

Returns At Golden Ocean Group (NASDAQ:GOGL) Are On The Way Up

Jun 22
Returns At Golden Ocean Group (NASDAQ:GOGL) Are On The Way Up

Golden Ocean Group Limited's (NASDAQ:GOGL) Price Is Out Of Tune With Revenues

May 21
Golden Ocean Group Limited's (NASDAQ:GOGL) Price Is Out Of Tune With Revenues

Recent updates

We Think Golden Ocean Group (NASDAQ:GOGL) Is Taking Some Risk With Its Debt

Jul 12
We Think Golden Ocean Group (NASDAQ:GOGL) Is Taking Some Risk With Its Debt

Returns At Golden Ocean Group (NASDAQ:GOGL) Are On The Way Up

Jun 22
Returns At Golden Ocean Group (NASDAQ:GOGL) Are On The Way Up

Golden Ocean Group Limited's (NASDAQ:GOGL) Price Is Out Of Tune With Revenues

May 21
Golden Ocean Group Limited's (NASDAQ:GOGL) Price Is Out Of Tune With Revenues

At US$14.86, Is Golden Ocean Group Limited (NASDAQ:GOGL) Worth Looking At Closely?

May 08
At US$14.86, Is Golden Ocean Group Limited (NASDAQ:GOGL) Worth Looking At Closely?

Golden Ocean Group Stock: What A Strength - More To Come

Apr 27

Does Golden Ocean Group (NASDAQ:GOGL) Have A Healthy Balance Sheet?

Apr 11
Does Golden Ocean Group (NASDAQ:GOGL) Have A Healthy Balance Sheet?

Golden Ocean Group: Excellent Fleet, Strong Financials And Attractive Yields

Mar 22

Is The Good News Priced In For Golden Ocean's Share Price?

Mar 05

Golden Ocean Group's (NASDAQ:GOGL) Returns Have Hit A Wall

Feb 22
Golden Ocean Group's (NASDAQ:GOGL) Returns Have Hit A Wall

Golden Ocean Group Limited's (NASDAQ:GOGL) Price Is Out Of Tune With Revenues

Feb 04
Golden Ocean Group Limited's (NASDAQ:GOGL) Price Is Out Of Tune With Revenues

Should You Think About Buying Golden Ocean Group Limited (NASDAQ:GOGL) Now?

Jan 07
Should You Think About Buying Golden Ocean Group Limited (NASDAQ:GOGL) Now?

Returns On Capital Are Showing Encouraging Signs At Golden Ocean Group (NASDAQ:GOGL)

Nov 15
Returns On Capital Are Showing Encouraging Signs At Golden Ocean Group (NASDAQ:GOGL)

Golden Ocean Group (NASDAQ:GOGL) Takes On Some Risk With Its Use Of Debt

Oct 27
Golden Ocean Group (NASDAQ:GOGL) Takes On Some Risk With Its Use Of Debt

At US$7.67, Is Golden Ocean Group Limited (NASDAQ:GOGL) Worth Looking At Closely?

Oct 05
At US$7.67, Is Golden Ocean Group Limited (NASDAQ:GOGL) Worth Looking At Closely?

Golden Ocean Group (NASDAQ:GOGL) Might Have The Makings Of A Multi-Bagger

Jul 28
Golden Ocean Group (NASDAQ:GOGL) Might Have The Makings Of A Multi-Bagger

Does Golden Ocean Group (NASDAQ:GOGL) Have A Healthy Balance Sheet?

Jul 13
Does Golden Ocean Group (NASDAQ:GOGL) Have A Healthy Balance Sheet?

Why Golden Ocean Group Limited (NASDAQ:GOGL) Could Be Worth Watching

Jun 28
Why Golden Ocean Group Limited (NASDAQ:GOGL) Could Be Worth Watching

Golden Ocean Group Limited (NASDAQ:GOGL) Shares Could Be 34% Below Their Intrinsic Value Estimate

May 23
Golden Ocean Group Limited (NASDAQ:GOGL) Shares Could Be 34% Below Their Intrinsic Value Estimate

These 4 Measures Indicate That Golden Ocean Group (NASDAQ:GOGL) Is Using Debt Extensively

Apr 06
These 4 Measures Indicate That Golden Ocean Group (NASDAQ:GOGL) Is Using Debt Extensively

What Is Golden Ocean Group Limited's (NASDAQ:GOGL) Share Price Doing?

Mar 21
What Is Golden Ocean Group Limited's (NASDAQ:GOGL) Share Price Doing?

Golden Ocean Group (NASDAQ:GOGL) Is Experiencing Growth In Returns On Capital

Feb 16
Golden Ocean Group (NASDAQ:GOGL) Is Experiencing Growth In Returns On Capital

These 4 Measures Indicate That Golden Ocean Group (NASDAQ:GOGL) Is Using Debt Reasonably Well

Jan 01
These 4 Measures Indicate That Golden Ocean Group (NASDAQ:GOGL) Is Using Debt Reasonably Well

Is There Now An Opportunity In Golden Ocean Group Limited (NASDAQ:GOGL)?

Dec 17
Is There Now An Opportunity In Golden Ocean Group Limited (NASDAQ:GOGL)?

We Like These Underlying Return On Capital Trends At Golden Ocean Group (NASDAQ:GOGL)

Nov 17
We Like These Underlying Return On Capital Trends At Golden Ocean Group (NASDAQ:GOGL)

Golden Ocean Should Remain Profitable Even With Decreased TCE Rates

Oct 17

Golden Ocean Group - Buy The Pullback In This Leading Dry Bulk Shipper

Oct 06

Is Golden Ocean Group (NASDAQ:GOGL) Using Too Much Debt?

Sep 22
Is Golden Ocean Group (NASDAQ:GOGL) Using Too Much Debt?

Golden Ocean Group: Eradicating COVID-19 From China Is About To Hurt

Sep 16

Golden Ocean Group: Don't Fear This Pullback - It's Time To Be Brave And Buy More

Sep 09

Is Golden Ocean Group Limited (NASDAQ:GOGL) Potentially Undervalued?

Sep 06
Is Golden Ocean Group Limited (NASDAQ:GOGL) Potentially Undervalued?

Golden Ocean goes ex-dividend on Tuesday

Sep 02

Golden Ocean Q2 2022 Earnings Preview

Aug 24

Golden Ocean Group: Grab This Buying Opportunity Before Its Q2 Earnings

Aug 09

2 High-Yield Dividend Monsters To Strike Down Stagflation

Jul 20

Golden Ocean Group (NASDAQ:GOGL) Is Experiencing Growth In Returns On Capital

Jul 15
Golden Ocean Group (NASDAQ:GOGL) Is Experiencing Growth In Returns On Capital

Golden Ocean Group: Abandon Ship, The Best Days Are Over

Jul 10

Shipping Is Always Volatile - Golden Ocean CEO Ulrik Anderson

Jun 28

Is It Too Late To Consider Buying Golden Ocean Group Limited (NASDAQ:GOGL)?

Jun 08
Is It Too Late To Consider Buying Golden Ocean Group Limited (NASDAQ:GOGL)?

Golden Ocean Vs. Star Bulk Carriers: Latter Is Still A Better Buy

Jun 07

New Forecasts: Here's What Analysts Think The Future Holds For Golden Ocean Group Limited (NASDAQ:GOGL)

May 21
New Forecasts: Here's What Analysts Think The Future Holds For Golden Ocean Group Limited (NASDAQ:GOGL)

Shareholder Returns

GOGLUS ShippingUS Market
7D-1.9%-0.8%-1.8%
1Y80.6%46.5%19.4%

Return vs Industry: GOGL exceeded the US Shipping industry which returned 46.4% over the past year.

Return vs Market: GOGL exceeded the US Market which returned 19.4% over the past year.

Price Volatility

Is GOGL's price volatile compared to industry and market?
GOGL volatility
GOGL Average Weekly Movement5.2%
Shipping Industry Average Movement5.0%
Market Average Movement5.9%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market2.9%

Stable Share Price: GOGL has not had significant price volatility in the past 3 months.

Volatility Over Time: GOGL's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a38n/awww.goldenocean.bm

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.

Golden Ocean Group Limited Fundamentals Summary

How do Golden Ocean Group's earnings and revenue compare to its market cap?
GOGL fundamental statistics
Market capUS$2.59b
Earnings (TTM)US$186.48m
Revenue (TTM)US$935.99m

13.9x

P/E Ratio

2.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GOGL income statement (TTM)
RevenueUS$935.99m
Cost of RevenueUS$517.65m
Gross ProfitUS$418.34m
Other ExpensesUS$231.86m
EarningsUS$186.48m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

Aug 30, 2024

Earnings per share (EPS)0.93
Gross Margin44.69%
Net Profit Margin19.92%
Debt/Equity Ratio70.7%

How did GOGL perform over the long term?

See historical performance and comparison

Dividends

4.6%

Current Dividend Yield

86%

Payout Ratio
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