Streetbeat News

GOGL

Golden Ocean Group Limited

https://www.goldenocean.bm

Industry

Marine Shipping

Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels comprising Newcastlemax, Capesize, Panamax, and Ultramax vessels worldwide. It owns and operates dry bulk vessels in the spot and time charter markets. The company transports bulk commodities, such as ores, coal, grains, and fertilizers. As of March 23, 2022, it owned a fleet of 81 dry bulk vessels. Golden Ocean Group Limited is based in Hamilton, Bermuda.

Open

12.09

Mkt cap

2.4B

Volume

480K

High

12.18

P/E Ratio

11.33

52-wk high

15.77

Low

12.03

Div yield

0.08

52-wk low

7.79

Golden Ocean Group shares are trading lower following the company's Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 11:59 am

Jefferies analyst Omar Nokta has downgraded Golden Ocean Group (NASDAQ:GOGL) from Buy to Hold, while maintaining a price target of $15.5.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 11:52 am

Golden Ocean Group (NASDAQ:GOGL) reported strong Q1 2024 results with adjusted EPS of $0.29, beating the $0.24 estimate, and sales of $246.735 million, surpassing the $188.125 million estimate. This represents significant year-over-year growth in both earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 6:15 am

Today's session highlighted significant options activity in the Industrials sector, with notable movements in stocks like VRT, BA, GOGL, UBER, NKLA, HON, GEV, UPS, TRU, and DE. The activity ranged from bullish to bearish sentiments, with various expiration dates and strike prices, indicating diverse trading strategies and expectations from large investors or 'whales'. This options activity could signal upcoming volatility or shifts in these stocks, providing traders with insights for potential trading opportunities.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 5:35 pm

The collapse of the Francis Scott Key Bridge in Baltimore, caused by the container ship Dali operated by Synergy Group and chartered by AP Moller Maersk (OTC:AMKBY), has significant implications for global trade, particularly affecting shipping routes and supply chains. Baltimore, a crucial U.S. port, has suspended vessel traffic, impacting the automobile industry and shipping lines. Shares of Maersk were down nearly 6%, while the SonicShares Global Shipping ETF (NYSE:BOAT) and stocks of companies within it, such as Golden Ocean Group Ltd (NASDAQ:GOGL) and Star Bulk Carriers Corp (NASDAQ:SBLK), also saw declines. Conversely, shares of U.S. carmakers General Motors Company (NYSE:GM) and Ford Motor Company (NYSE:F), and cruise lines Carnival Corp (NYSE:CCL) and Royal Caribbean Cruises Ltd (NYSE:RCL), were trading higher.

Portfolio Pulse from Neil Dennis

March 26, 2024 | 3:32 pm

Oddity Tech Ltd. (ODD) reported Q4 earnings below expectations and issued FY24 EPS guidance below estimates, causing its shares to fall 10.4% in pre-market trading. Other stocks also moved lower, including Entravision Communications (EVC), Grifols (GRFS), SOPHiA GENETICS (SOPH), Golden Ocean Group (GOGL), Benchmark Electronics (BHE), Digital World Acquisition Corp. (DWAC), and Ross Stores (ROST), with various reasons including poor earnings reports and significant business changes.

Portfolio Pulse from Avi Kapoor

March 06, 2024 | 10:00 am

Golden Ocean Group's shares surged following the announcement of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 8:19 pm

The article lists companies scheduled to report their earnings on February 28, 2024, including their expected earnings per share and revenue. It covers a wide range of sectors and provides a comprehensive overview of the financial performance expectations for these companies.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 11:24 am

Jefferies analyst Omar Nokta has reiterated a Buy rating on Golden Ocean Group (NASDAQ:GOGL) and maintained a $15 price target.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:55 am

Golden Ocean Group (NASDAQ:GOGL) reported Q4 adjusted EPS of $0.32, surpassing the $0.27 estimate, and sales of $254.21M, exceeding the $193.12M estimate. This represents a slight decrease in EPS and an increase in sales from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 7:05 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.