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 Q4 2020

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Golden Ocean Group excels in Q1 2024, eyes growth opportunities

Golden Ocean Group delivered a strong performance in Q1 2024, supported by robust financials and operational efficiency.
While facing challenges related to debt and market uncertainties, the company is well-positioned to leverage opportunities for growth.
By focusing on fleet optimization, shareholder value creation, and strategic initiatives, Golden Ocean Group aims to navigate industry dynamics effectively.

Golden Ocean Group posts strong Q2 results, optimistic market outlook

Golden Ocean Group delivered a robust performance in Q2 2024, driven by strong financial results and positive market trends. While facing challenges in managing expenses and debt, the company remains focused on rewarding shareholders and capitalizing on market opportunities. Optimism surrounds the outlook for the company, supported by positive industry dynamics.

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Shipping companies enable the transport of raw materials and finished products across oceans and borders. The global marine vessel industry is set to expand over the coming years to reach a market value of $188.57 billion by 2028.

Maritime Moneymakers: 3 Shipping Stocks to Ride the Trade Wave

The Board of Golden Ocean Group Limited ("Golden Ocean" or the "Company") is pleased to announce the appointment of Mr. Lars-Christian Svensen as the Chief Executive Officer ("CEO") of Golden Ocean Management AS with effect from January 1, 2024.

GOGL - Appointment of CEO

From a technical perspective, Golden Ocean Group Limited (GOGL) is looking like an interesting pick, as it just reached a key level of support. GOGL's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.

Should You Buy Golden Ocean Group (GOGL) After Golden Cross?

Dry bulk shipping rates have been volatile, with a recent doubling of rates for Capesize vessels driven by Chinese demand. Golden Ocean Group Limited has seen a 16% total return since June, outperforming the S&P500. We estimate that GOGL's EPS will improve to $0.35 in Q4 of 2023.

Golden Ocean: Steaming Ahead With More Profits To Come

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) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?

The consensus price target hints at a 25.2% upside potential for Golden Ocean Group (GOGL). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Believe Golden Ocean Group (GOGL) Could Rally 25.2%: Here's is How to Trade

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) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

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Investing in companies that pay dividends while prices are down is one way investors can hedge their portfolios against inflation and other headwinds. While there is always a risk of the dividend being cut, historically, dividend-paying companies have been found to be less erratic in choppy market conditions and continue to provide a better overall return compared to stocks that do not distribute dividends to investors.

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.

News for Golden Ocean Group Stock (GOGL)