Golden Ocean Group Limited (GOGL): Price and Financial Metrics
GOGL Stock Summary
- Of note is the ratio of Golden Ocean Group Ltd's sales and general administrative expense to its total operating expenses; just 6.47% of US stocks have a lower such ratio.
- Revenue growth over the past 12 months for Golden Ocean Group Ltd comes in at 271.01%, a number that bests 97.39% of the US stocks we're tracking.
- Shareholder yield, a measure of how much is returned to shareholders via dividends and share repurchases, for GOGL comes in at 31.14% -- higher than that of 93.58% of stocks in our set.
- Stocks with similar financial metrics, market capitalization, and price volatility to Golden Ocean Group Ltd are SVC, KNOP, TGH, STOR, and ILPT.
- Visit GOGL's SEC page to see the company's official filings. To visit the company's web site, go to www.goldenocean.bm.
GOGL Stock Price Chart Interactive Chart >
GOGL Price/Volume Stats
| Current price | $6.74 | 52-week high | $7.03 |
| Prev. close | $6.41 | 52-week low | $2.52 |
| Day low | $6.50 | Volume | 887,600 |
| Day high | $6.76 | Avg. volume | 698,544 |
| 50-day MA | $5.44 | Dividend yield | 0.74% |
| 200-day MA | $4.25 | Market Cap | 965.69M |
Golden Ocean Group Limited (GOGL) Company Bio
Golden Ocean Group Limited engages in the transportation of dry bulk cargoes in the Capesize and Panamax markets. The company transports ores, coal, grains, and fertilizers along worldwide shipping routes. The company was founded in 2004 and is based in Hamilton, Bermuda.
GOGL Price Forecast Based on DCF Valuation
| Current Price | DCF Fair Value Target: | Forecasted Gain: |
| $6.74 | $19.73 | 208% |
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Golden Ocean Group Ltd. To summarize, we found that Golden Ocean Group Ltd ranked in the 75th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. The most interesting components of our discounted cash flow analysis for Golden Ocean Group Ltd ended up being:
- 41% of the company's capital comes from equity, which is greater than merely 12.8% of stocks in our cash flow based forecasting set.
- Golden Ocean Group Ltd's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 23.3% of US stocks with positive free cash flow.
- Relative to other stocks in its sector (Industrials), Golden Ocean Group Ltd has a reliance on debt greater than 86.35% of them.
| Terminal Growth Rate in Free Cash Flow | Return Relative to Current Share Price |
| 0% | 202% |
| 1% | 205% |
| 2% | 208% |
| 3% | 211% |
| 4% | 214% |
| 5% | 217% |
PRG, FIX, ALG, STN, and TRU can be thought of as valuation peers to GOGL, in the sense that they are in the Industrials sector and have a similar price forecast based on DCF valuation.
Latest GOGL News From Around the Web
Below are the latest news stories about Golden Ocean Group Ltd that investors may wish to consider to help them evaluate GOGL as an investment opportunity.
GOGL – Notice of Special General Meeting4 March 2021, Hamilton, Bermuda Golden Ocean Group Limited (NASDAQ and OSE: GOGL) (“Golden Ocean” or the "Company”) announces that a Special General Meeting of the Company will be held on 26 March 2021. A copy of the notice of the Special General Meeting and associated information can be found at our website www.goldenocean.bm and in the attached document. The Board of DirectorsGolden Ocean Group Limited This information is subject of the disclosure requirements pursuant to Euronext Oslo Rule Book II item 4.2.4. Attachment 210304 Notice 26 March21 Special General Meeting |
GOGL – Private placement: issue of New Shares - Stocks News Feed1 March 2021, Hamilton, Bermuda Reference is made to the stock exchange release by Golden Ocean Group Limited (NASDAQ and OSE: GOGL) (“Golden Ocean” or the “Company“) on 17 February 2021 regarding completion of the private placement of new shares in the Company (the “Private Placement“). The new shares have been legally and validly issued… Read More »GOGL – Private placement: issue of New Shares |
GOGL – Special General Meeting1 March 2021 Golden Ocean Group Limited (NASDAQ and OSE: GOGL) (the "Company”) advises that a Special General Meeting of the Company will be held on 26 March 2021 to consider a proposal to increase the Company's authorized share capital. The record date for voting at the Special General Meeting is set to 3 March 2021. The notice, agenda and any associated material will be distributed prior to the meeting. The Board of DirectorsGolden Ocean Group LimitedHamilton, Bermuda This information is subject of the disclosure requirements pursuant to Euronext Oslo Rule Book II item 4.2.4. |
GOGL – Private placement: issue of New Shares1 March 2021, Hamilton, Bermuda Reference is made to the stock exchange release by Golden Ocean Group Limited (NASDAQ and OSE: GOGL) (“Golden Ocean” or the "Company”) on 17 February 2021 regarding completion of the private placement of new shares in the Company (the "Private Placement"). The new shares have been legally and validly issued and fully paid, and the Company's issued share capital has been increased to USD 9,924.012.20, divided into 198,480,244 issued shares, each with a nominal value of USD 0.05. The new shares are registered under a separate ISIN pending approval of a listing prospectus by the Financial Supervisory Authority of Norway, and will not be listed or tradable on the Oslo Stock Exchange until the listing prospectus is approved. For further queries, please contact... |
Leading Dry Bulk and Container Shipping Companies Presenting at Capital Link’s 15th Annual International Shipping Forum Tuesday & Wednesday, March 2 & 3, 2021SAILING INTO RECOVERY Complimentary Registration 2 Days – 21 Virtual Sessions – 90 speakers – 46 shipping companies NEW YORK, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Senior executives from leading publicly listed dry bulk and container shipping companies will discuss the trends, developments and outlook of the global commodities and shipping markets. The panels will take place at Capital Link’s 15th Annual International Shipping Forum, which will be hosted as a Digital Conference on Tuesday, March 2 and Wednesday, March 3, 2021, from 8:00am – 4:00pm EST. Registration is complimentary. The conference will feature senior executives from 46 leading maritime companies, financiers and industry participants. The event is organized in partnership with Citi and in cooperation with Nasdaq and NYSE. 1x... |
GOGL Price Returns
| 1-mo | 29.37% |
| 3-mo | 57.11% |
| 6-mo | 97.08% |
| 1-year | 76.90% |
| 3-year | -15.24% |
| 5-year | 132.55% |
| YTD | 45.57% |
| 2020 | -19.32% |
| 2019 | -0.15% |
| 2018 | -18.48% |
| 2017 | 73.04% |
| 2016 | -11.96% |
GOGL Dividends
| Ex-Dividend Date | Type | Payout Amount | Change | ||||||
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Continue Researching GOGL
Here are a few links from around the web to help you further your research on Golden Ocean Group Ltd's stock as an investment opportunity:Golden Ocean Group Ltd (GOGL) Stock Price | Nasdaq
Golden Ocean Group Ltd (GOGL) Stock Quote, History and News - Yahoo Finance
Golden Ocean Group Ltd (GOGL) Stock Price and Basic Information | MarketWatch
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