GOGL icon

Golden Ocean Group

9.28 USD
+0.03
0.32%
At close Feb 7, 4:00 PM EST
After hours
9.34
+0.06
0.65%
1 day
0.32%
5 days
3.34%
1 month
3.57%
3 months
-21.22%
6 months
-20.07%
Year to date
-0.64%
1 year
-15.33%
5 years
120.43%
10 years
-61.65%
 

About: Golden Ocean Group Ltd is a Bermuda-based dry bulk shipping company. Its business involves the transportation of dry bulk cargo including ores, coal, grains and fertilizers through its fleet of owned and chartered vessels, bareboat vessels, commercial management vessels and new buildings are chartered-out on fixed rate time charters and index-linked time charter contracts.

Employees: 38

0
Funds holding %
of 6,831 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

19% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 27

15% more repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 53

2% more funds holding

Funds holding: 169 [Q2] → 172 (+3) [Q3]

2% less call options, than puts

Call options by funds: $7.88M | Put options by funds: $8.06M

1.67% less ownership

Funds ownership: 31.35% [Q2] → 29.68% (-1.67%) [Q3]

8% less capital invested

Capital invested by funds: $866M [Q2] → $794M (-$71.7M) [Q3]

67% less funds holding in top 10

Funds holding in top 10: 3 [Q2] → 1 (-2) [Q3]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$12
29%
upside
Avg. target
$12.25
32%
upside
High target
$12.50
35%
upside

2 analyst ratings

positive
0%
neutral
100%
negative
0%
Jefferies
Omar Nokta
26% 1-year accuracy
15 / 57 met price target
29%upside
$12
Hold
Maintained
27 Nov 2024
Pareto Securities
Eirik Haavaldsen
0 / 0 met price target
35%upside
$12.50
Hold
Downgraded
21 Nov 2024

Financial journalist opinion

Neutral
Seeking Alpha
2 weeks ago
Golden Ocean: A Top-Tier Dry Bulk Operator Focused On The Capesize Market
Golden Ocean owns 91 dry bulk vessels with a combined capacity of 13.8 million deadweight tons, one of the industry's largest fleets and second only to Star Bulk. With an average age of 7.7 years, Golden Ocean has one of the youngest fleets in the industry, only behind Himalaya Shipping and its fleet of brand-new Newcastlemax carriers. Given Golden Ocean's size, general and administrative expenses represented only 6.1% of TCE revenues in the first nine months of 2024, which is among the lowest among industry peers.
Golden Ocean: A Top-Tier Dry Bulk Operator Focused On The Capesize Market
Negative
Market Watch
3 weeks ago
Tariffs, Trump and China: What 2025 holds for shipping stocks
The shipping industry enters 2025 with tariffs on the horizon as President-elect Donald Trump prepares to take office.
Tariffs, Trump and China: What 2025 holds for shipping stocks
Positive
Seeking Alpha
1 month ago
4 Of 35 Safe-Buy Dividend Power Dogs In January
Four low-priced Dividend Power stocks, Golden Ocean, Invesco Mortgage, ARMOUR Residential, and FutureFuel, offer safer dividends with free cash-flow yields exceeding dividend yields. The Dividend Power strategy focuses on high earnings yield and top dividend yield stocks, creating a resilient portfolio for both downturns and bull markets. Analysts project significant gains for top Dividend Power stocks, with an average net gain of 79.97% on $10k invested in the top ten.
4 Of 35 Safe-Buy Dividend Power Dogs In January
Neutral
GlobeNewsWire
1 month ago
GOGL - Transactions made under the buy-back program
Reference is made to the stock announcement on October 2, 2024, where Golden Ocean Group Limited (OSE/NASDAQ: GOGL) announced the renewal of its share buy-back program of maximum USD 100 million to purchase up to an aggregate of 10,000,000 of the company's common shares in a 12 months period from the announcement.
GOGL - Transactions made under the buy-back program
Neutral
GlobeNewsWire
1 month ago
GOGL - Transactions made under the buy-back program
Reference is made to the stock announcement on October 2, 2024, where Golden Ocean Group Limited (OSE/NASDAQ: GOGL) announced the renewal of its share buy-back program of maximum USD 100 million to purchase up to an aggregate of 10,000,000 of the company's common shares in a 12 months period from the announcement.
GOGL - Transactions made under the buy-back program
Positive
Seeking Alpha
2 months ago
Golden Ocean Group: The Drop In Stock Price May Offer An Opportunity
Golden Ocean Group delivered a pretty good Q3 financial results, despite a sluggish freight market for the Panamax vessels. Uncertainties around imminent U.S. tariffs on import will change some trading patterns, potentially adding tons/miles. However, return to usage of the Suez Canal will reduce the tons/miles. Despite uncertainties, latest reduction in GOGL share price may offer a buying opportunity.
Golden Ocean Group: The Drop In Stock Price May Offer An Opportunity
Neutral
Seeking Alpha
2 months ago
Golden Ocean Group Limited (GOGL) Q3 2024 Earnings Call Transcript
Golden Ocean Group Limited (NASDAQ:GOGL ) Q3 2024 Earnings Conference Call November 27, 2024 8:30 PM ET Company Participants Conference Call Participants Operator Good day, and thank you for standing by. Welcome to the Q3 2024 Golden Ocean Group Limited Earnings Conference Call.
Golden Ocean Group Limited (GOGL) Q3 2024 Earnings Call Transcript
Positive
Zacks Investment Research
2 months ago
Golden Ocean Group (GOGL) Q3 Earnings and Revenues Beat Estimates
Golden Ocean Group (GOGL) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.08 per share a year ago.
Golden Ocean Group (GOGL) Q3 Earnings and Revenues Beat Estimates
Neutral
GlobeNewsWire
2 months ago
GOGL – Q3 2024 Presentation
Please find enclosed the presentation of Golden Ocean Group Limited's third quarter 2024 results for today's webcast / conference call at 14:30 CET.
GOGL – Q3 2024 Presentation
Neutral
GlobeNewsWire
2 months ago
GOGL – Third Quarter 2024 Results
Hamilton, Bermuda, November 27, 2024 - Golden Ocean Group Limited (NASDAQ/OSE: GOGL) (the “Company” or “Golden Ocean”), the world's largest listed owner of large size dry bulk vessels, today announced its unaudited results for the quarter ended September 30, 2024.
GOGL – Third Quarter 2024 Results
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