Analysts Are Pretty Bullish … Golden Ocean Group (NASDAQ:GOGL)

Earnings results for Golden Ocean Group (NASDAQ:GOGL)

Golden Ocean Group Limited is estimated to report earnings on 08/17/2021. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. The reported EPS for the same quarter last year was $-0.29.

Golden Ocean Group last posted its earnings data on May 19th, 2021. The shipping company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The firm earned $158.05 million during the quarter. Golden Ocean Group has generated $0.00 earnings per share over the last year ($0.30 diluted earnings per share) and currently has a price-to-earnings ratio of 33.7. Golden Ocean Group has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, August 17th, 2021 based off prior year’s report dates.

Analyst Opinion on Golden Ocean Group (NASDAQ:GOGL)

3 Wall Street analysts have issued ratings and price targets for Golden Ocean Group in the last 12 months. Their average twelve-month price target is $11.75, predicting that the stock has a possible upside of 16.34%. The high price target for GOGL is $12.00 and the low price target for GOGL is $11.50. There are currently 3 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Golden Ocean Group has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $11.75, Golden Ocean Group has a forecasted upside of 16.3% from its current price of $10.10. Golden Ocean Group has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Golden Ocean Group (NASDAQ:GOGL)

Golden Ocean Group is a leading dividend payer. It pays a dividend yield of 9.73%, putting its dividend yield in the top 25% of dividend-paying stocks. Golden Ocean Group has only been increasing its dividend for 1 years.

Insiders buying/selling: Golden Ocean Group (NASDAQ:GOGL)

In the past three months, Golden Ocean Group insiders have not sold or bought any company stock. Only 29.60% of the stock of Golden Ocean Group is held by institutions.

Earnings and Valuation of Golden Ocean Group (NASDAQ:GOGL

The P/E ratio of Golden Ocean Group is 33.67, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 19.15. The P/E ratio of Golden Ocean Group is 33.67, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 55.52. Golden Ocean Group has a P/B Ratio of 1.06. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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