Golden Ocean Group Ltd (NASDAQ:GOGL) – Stock analysts at Seaport Global Securities issued their Q1 2020 earnings per share (EPS) estimates for Golden Ocean Group in a research report issued to clients and investors on Tuesday, January 15th. Seaport Global Securities analyst M. Fyhr forecasts that the shipping company will earn $0.16 per share for the quarter. Seaport Global Securities also issued estimates for Golden Ocean Group’s Q2 2020 earnings at $0.19 EPS, Q3 2020 earnings at $0.19 EPS, Q4 2020 earnings at $0.18 EPS and FY2020 earnings at $0.71 EPS.

Golden Ocean Group (NASDAQ:GOGL) last released its quarterly earnings results on Tuesday, November 20th. The shipping company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.16 by $0.08. Golden Ocean Group had a return on equity of 5.91% and a net margin of 13.95%. The business had revenue of $189.26 million during the quarter, compared to analyst estimates of $120.01 million.

GOGL has been the topic of several other reports. BidaskClub cut Golden Ocean Group from a “hold” rating to a “sell” rating in a research note on Saturday, October 6th. BTIG Research initiated coverage on Golden Ocean Group in a research note on Thursday, November 15th. They issued a “buy” rating and a $10.00 price objective on the stock. ValuEngine cut Golden Ocean Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 31st. Nordea Equity Research cut Golden Ocean Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 23rd. Finally, Zacks Investment Research upgraded Golden Ocean Group from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Monday, September 24th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $10.20.

Shares of NASDAQ GOGL opened at $6.34 on Wednesday. The firm has a market capitalization of $930.39 million, a PE ratio of -317.00 and a beta of 2.14. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.43 and a current ratio of 1.43. Golden Ocean Group has a 12-month low of $5.70 and a 12-month high of $10.05.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 20th. Shareholders of record on Thursday, December 6th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, December 5th. This is a boost from Golden Ocean Group’s previous quarterly dividend of $0.10. This represents a $0.60 dividend on an annualized basis and a yield of 9.46%. Golden Ocean Group’s dividend payout ratio (DPR) is currently -3,000.00%.

Institutional investors have recently bought and sold shares of the business. Bluefin Trading LLC acquired a new stake in Golden Ocean Group in the third quarter valued at $2,484,000. Renaissance Technologies LLC increased its position in shares of Golden Ocean Group by 27.2% during the second quarter. Renaissance Technologies LLC now owns 1,530,646 shares of the shipping company’s stock worth $13,291,000 after purchasing an additional 327,774 shares in the last quarter. Jane Street Group LLC increased its position in shares of Golden Ocean Group by 67.4% during the third quarter. Jane Street Group LLC now owns 94,980 shares of the shipping company’s stock worth $937,000 after purchasing an additional 38,232 shares in the last quarter. Credit Suisse AG increased its position in shares of Golden Ocean Group by 69.6% during the third quarter. Credit Suisse AG now owns 238,925 shares of the shipping company’s stock worth $2,355,000 after purchasing an additional 98,013 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in shares of Golden Ocean Group by 7.9% during the second quarter. California Public Employees Retirement System now owns 90,351 shares of the shipping company’s stock worth $785,000 after purchasing an additional 6,631 shares in the last quarter. Institutional investors own 20.22% of the company’s stock.

Golden Ocean Group Company Profile

Golden Ocean Group Limited, a shipping company, engages in the transportation of bulk commodities worldwide. It owns and operates a fleet of dry bulk vessels, including Newcastlemax, Capesize, Panamax, and Ultramax vessels in the spot and time charter markets. The company transports bulk commodities, such as ores, coal, grains, and fertilizers.

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Earnings History and Estimates for Golden Ocean Group (NASDAQ:GOGL)

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