Golden Ocean logo

GOGL - Golden Ocean Share Price

NOK38.16 0.2  0.6%

Last Trade - 03/07/20

Sector
Industrials
Size
Mid Cap
Market Cap £393.2m
Enterprise Value £1.30bn
Revenue £553.2m
Position in Universe 475th / 1793
Bullish
Bearish
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Momentum
Relative Strength (%)
1m +17.3%
3m
6m
1yr
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10d / 3m
Price vs... (%)
52w High
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200d MA
Growth & Value
12m Forecast Rolling Industry Market
Valuation (ttm) Industry Market
Margin of Safety
Qualifying GuruScreens
Financial Summary
Year End 31st Dec 2014 2015 2016 2017 2018 2019 2020E 2021E CAGR / Avg
96.7 190.2 256.9 460 656.1 705.8 394.8 446.9 +48.8%
+124.3 -56.2
PEG
Profitability
ROA
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%
Cashflow
Dividends
Balance Sheet
NFA
m
FINANCIAL BRIEF: : For the six months ended 30 June 2020, Golden Ocean Group Ltd revenues increased 5% to $253.7M. Net loss increased from $40.6M to $202.1M. Revenues reflect Voyage charter revenues increase of 47% to $166.4M, Other revenues increase of 30% to $1M. Higher net loss reflects Gain (loss) on derivatives increase from $10.2M to $23.4M (expense), Depreciation increase of 20% to $56.1M (expense).
Health Trend(F-Score)
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Recent History
Latest interim period vs. prior period Industry Market
3yr Compound Annual Growth Rate Industry Market
Graphical History

Revenue

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Net Income

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Normalised EPS

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PE Ratio Range

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Dividend Yield Range

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Analyst Forecasts
Price Target:
( below Price)
31st Dec 2020
31st Dec 2021
Est. Long Term Growth Rate: Net Profit
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Analyst Consensus
Strong Sell Sell Hold Buy Strong Buy
EPS 2019 /  2020
GOGL EPS Forecasts Unlock GOGL Revenue
Profile Summary

Golden Ocean Group Limited, formerly Knightsbridge Shipping Limited, is an international dry bulk shipping company. The Company is engaged in the transportation of dry bulk cargoes. It owns and operates a fleet of dry bulk carrier vessels, focusing on the Capesize, Panamax and Supramax markets. Its vessels transport a range of major and minor bulk commodities, including ores, coal, grains and fertilizers. Its fleet includes owned vessels, bareboat vessels, chartered vessels, commercial management vessels and newbuildings. It owns over 40 dry bulk carriers and has contracts for over 20 newbuildings. It also has over 10 vessels chartered-in (of which over eight are chartered in from Ship Finance and over five are chartered in from third parties) and over one vessel chartered-in through a joint venture. Approximately six of the vessels are chartered-out on fixed rate time charters and the other operates in the spot market or fixed on index-linked time charter contracts.

Directors
Last Annual December 31st, 2019
Last Interim June 30th, 2020
Incorporated September 18, 1996
Public Since February 7, 1997
No. of Shareholders: n/a
No. of Employees: 37
Sector Industrials
Industry Freight & Logistics Services
Index
Exchange Oslo Stock Exchange (Dual Listing)
Shares in Issue 143,277,697
Free Float (0.0%)
Eligible for
ISAs
SIPPs
GOGL Share Price Performance
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Latest News for GOGL
Upcoming Events for GOGL
Frequently Asked Questions for Golden Ocean
What is the Golden Ocean share price?

As of 03/07/20, shares in Golden Ocean are trading at NOK38.16, giving the company a market capitalisation of £393.2m. This share price information is delayed by 15 minutes.

How has the Golden Ocean share price performed this year?

Shares in Golden Ocean are currently trading at NOK38.16 and the price has moved by -28.45% over the past 365 days. In terms of relative price strength - which takes into account the overall market trend - the Golden Ocean price has moved by -23.84% over the past year.

What are the analyst and broker recommendations for Golden Ocean?

There are no analysts currently covering Golden Ocean.

When will Golden Ocean next release its financial results?

Golden Ocean is scheduled to issue upcoming financial results on the following dates:

Interim results are scheduled for: 2021-06-30
What is the Golden Ocean dividend yield?

The Golden Ocean dividend yield is 7.11% based on the trailing twelve month period.

Does Golden Ocean pay a dividend?

Last year, Golden Ocean paid a total dividend of 0.3, and it currently has a trailing dividend yield of 7.11%. Looking ahead, Golden Ocean has not announced an ex-dividend date yet.

When does Golden Ocean next pay dividends?

Golden Ocean has yet to annouce their ex-dividend date. The historic dividend yield on Golden Ocean shares is currently 7.11%.

How do I buy Golden Ocean shares?

To buy shares in Golden Ocean you'll need a share-dealing account with an online or offline stock broker. Once you have opened your account and transferred funds into it, you'll be able to search and select shares to buy and sell. You can use Stockopedia’s share research software to help you find the the kinds of shares that suit your investment strategy and objectives.

What is the market cap of Golden Ocean?

Shares in Golden Ocean are currently trading at NOK38.16, giving the company a market capitalisation of £393.2m.

Where are Golden Ocean shares listed? Where are Golden Ocean shares listed?

Here are the trading details for Golden Ocean:

Country of listing: Norway
Exchange: OSL
Ticker Symbol: GOGL
What kind of share is Golden Ocean?

Based on an overall assessment of its quality, value and momentum, Golden Ocean is currently classified as a Value Trap. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. For more information, learn about our StockRank Styles.

Is there a Golden Ocean share price forecast 2020?

Shares in Golden Ocean are currently priced at NOK38.16. At that level they are trading at 19.5% discount to the analyst consensus target price of 0.00.

Analysts covering Golden Ocean currently have a consensus Earnings Per Share (EPS) forecast of -0.165 for the next financial year.

How can I tell whether the Golden Ocean share price will go up?

An important predictor of whether a stock price will go up is its track record of momentum. Price trends tend to persist, so it's worth looking at them when it comes to a share like Golden Ocean. Over the past six months, the relative strength of its shares against the market has been -39.8%. At the current price of NOK38.16, shares in Golden Ocean are trading at % against their 200 day moving average. You can read more about the power of momentum in assessing share price movements on Stockopedia.

What is the Golden Ocean PE Ratio?

We were not able to find PE ratio data for Golden Ocean.

Who are the key directors of Golden Ocean?

Golden Ocean's management team is headed by:

Ola Lorentzon - CHM
John Fredriksen - DRC
Ulrika Laurin - IND
James O'Shaughnessy - IND
Thomas Semino - OTH
Marius Hermansen - DRC
Ulrik Andersen - CEX
Peder Simonsen - CFO
Who are the major shareholders of Golden Ocean?

Here are the top five shareholders of Golden Ocean based on the size of their shareholding:

Hemen Holding Limited Holding Company
Percentage owned: 35.21% (50.5m shares)
Folketrygdfondet Pension Fund
Percentage owned: 5.33% (7.64m shares)
DNB Asset Management AS Investment Advisor/Hedge Fund
Percentage owned: 2.83% (4.05m shares)
Skagen Vekst Fund Mutual Fund
Percentage owned: 2.09% (3.00m shares)
Skagen AS Investment Advisor
Percentage owned: 2.09% (3.00m shares)
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