Golden Ocean Group

Golden Ocean Group Ltd. engages in the ownership and operation of dry bulk vessels. It manages Newcastlemax, Capesize, Panamax, and Ultramax vessels and transports bulk commodities, including ores, coal, grains, and fertilizers. It is also involved in the charter, purchase, and sale of vessels. The company was founded on September 18, 1996 and is headquartered in Hamilton, Bermuda.

Earnings data Q1 2024

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GOGL has benefited from its low cost break-even rates and recovering TCE rates for Capesize vessels, as the demand for iron ore grows in China. With the Baltic Dry Index already bottoming by early 2023 and recovering beyond pre-pandemic levels, the dry bulk industry's prospects may be brighter ahead. GOGL is still expected to generate positive profit margins through FY2025, naturally sustaining its robust shareholder returns through share repurchases and variable dividend payouts.

Golden Ocean: Red Hot Iron Ore Demand Spurs Dry Bulk Recovery

The average of price targets set by Wall Street analysts indicates a potential upside of 38.3% in Golden Ocean Group (GOGL). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Does Golden Ocean Group (GOGL) Have the Potential to Rally 38.31% as Wall Street Analysts Expect?

Golden Ocean Group Limited (NASDAQ:GOGL ) Q3 2023 Earnings Conference Call November 21, 2023 9:00 AM ET Company Participants Lars-Christian Svensen - Interim CEO Peder Simonsen - CFO Conference Call Participants Sherif Elmaghrabi - BTIG Omar Nokta - Jefferies Lars-Christian Svensen Hi, there. And a very good afternoon from Oslo.

Golden Ocean Group Limited (GOGL) Q3 2023 Earnings Call Transcript

Golden Ocean Group (GOGL) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.52 per share a year ago.

Golden Ocean Group (GOGL) Beats Q3 Earnings and Revenue Estimates

Please find enclosed the presentation of Golden Ocean Group Limited's third quarter 2023 results for today's webcast / conference call at 15:00 CET.

GOGL – Q3 2023 Presentation

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 three and nine months ended September 30, 2023.

GOGL – Third Quarter 2023 Results

Golden Ocean Group Limited (the “Company) will publish its financial results for the third quarter of 2023 on Tuesday November 21, 2023. In connection with the release, a conference call and webcast will be held as described below: Conference call and webcast A conference call will be held at 3:00 P.M.

GOGL – Invitation to presentation of Q3 2023 Results

Golden Ocean Group (GOGL) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Golden Ocean Group (GOGL) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

Reference is made to the announcement by the Board of Directors in Golden Ocean Group Limited (OSE/NASDAQ: GOGL) dated 4 October 2022 regarding the establishment of a share buy-back program for a maximum period of 12 months. The Company has repurchased a total of 1,507,328 shares under the program for a total consideration of $11,629,758. A total of 741,900 shares have been repurchased at average price of $7.84 per share at the Nasdaq and 765,428 shares have been repurchased at an average price of NOK 81.2 at Oslo Stock Exchange.

GOGL – Renewal of share buy-back program

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5 High-Yielding Stocks in Sarah Ketterer's Portfolio

CFO Peder Simonsen will be presenting Golden Ocean Group Limited at Pareto Securities' 30th Energy Conference today, September 21, 2023. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

GOGL - Company Presentation, September 2023

Golden Ocean is a global dry bulk shipping company that has recently experienced a downturn in its financials due to macroeconomic pressures. The company can sustain dividend payments as a result of the gradual rebound in the industry demand, which makes the annual dividend $0.40, representing a dividend yield of 5.20%. Despite the risk of fluctuating charter rates, the stock is undervalued and has the potential for 29.29% growth, with a decent dividend yield.

Golden Ocean Group: Buy This Stock For Solid Dividend And Upside

Golden Ocean Group Limited (NASDAQ:GOGL ) Q2 2023 Earnings Conference Call August 29, 2023 9:00 AM ET Company Participants Lars-Christian Svensen - Interim CEO Peder Simonsen - Chief Financial Officer Conference Call Participants Omar Nokta - Jefferies Operator Good day, and thank you for standing by. Welcome to the Second Quarter 2023 Golden Ocean Group Limited Earnings Conference Call.

Golden Ocean Group Limited (GOGL) Q2 2023 Earnings Call Transcript

Golden Ocean Group (GOGL) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.81 per share a year ago.

Golden Ocean Group (GOGL) Q2 Earnings and Revenues Beat Estimates

Please find enclosed the presentation of Golden Ocean Group Limited's second quarter 2023 results for today's webcast / conference call at 15:00 CEST.

GOGL – Q2 2023 Presentation

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 June 30, 2023.

GOGL – Second Quarter 2023 Results

Golden Ocean Group Limited (the “Company) will publish its financial results for the second quarter of 2023 on Tuesday August 29, 2023. In connection with the release, a conference call and webcast will be held as described below: Conference call and webcast A conference call will be held at 3:00 P.M.

GOGL – Invitation to presentation of Q2 2023 Results

Reference is made to the stock announcement on October 4, 2022, where Golden Ocean Group Limited (OSE/NASDAQ: GOGL) announced the commencement 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-month period from the announcement.

GOGL - Transactions made under the buy-back program

GOGL's future contracted TCE rates continue to impress, demonstrating its market leadership thanks to the fuel-efficient/ younger fleets with an average age of 6.5 years. While FQ2'23 may remain impacted, due to the increased dry docking and elevated interest rate environment, we remain confident about its execution in the intermediate term. Its balance sheet appears healthy too, despite the strategic fleet renewals and sustained dividend payout.

Golden Ocean: The Bull Run May Lead To Demand Recovery - Dividends Remain Safe

Transactions made under the buy-back program

CFO Peder Simonsen will be presenting Golden Ocean Group Limited in connection with the Marine Money Week in New York. June 20, 2023 This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

GOGL - Company Presentation, June 2023

Golden Ocean Group's (GOGL) share price has dropped 43% since being upgraded to a Buy a year ago, but the company's financial performance and business prospects remain strong. GOGL's fleet is modern with an average age of 6.7 years, and the company has a net long-term debt of $985.9 million on a fleet valued at $2,693 million. Despite risks to the demand for steel in China, the supply and demand dynamics for the dry bulk market look promising for the next 24 months, supporting a continued Buy stance for GOGL.

Golden Ocean: Fundamentals And Future Supply And Demand Supports Our Buy Stance

Golden Ocean Group may still have long-term growth potential despite the slower-than-expected impact of China's reopening on the dry bulk carrier industry. The company's financials remain strong, and a recent UBS survey shows CFOs in China are optimistic about business conditions and capital expenditure in H2 2023. GOGL's focus on fleet renewal and commitment to dividends make it a favorable investment for long-term investors, with the potential for a 57% increase in share price over the next 2 years.

Golden Ocean Group Stock Is A Solid Buy For The Long Term

Golden Ocean Group Limited. (the "Company" or "Golden Ocean") (Nasdaq and OSE: GOGL) today announced that Ulrik Andersen, Chief Executive Officer of Golden Ocean Management AS, has decided to step down from his position. The Board has appointed Lars-Christian Svensen, Golden Ocean's Chief Commercial Officer, to take the role as Interim Chief Executive Officer of Golden Ocean Management AS. Lars-Christian has a solid background within the industry and a profound understanding of the Company and its organization. The Board is confident that this new appointment will ensure a successful and seamless transition of the role. Mr. Andersen will be available for the company till September 1st, 2023.

GOGL - Transition of Chief Executive Officer

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