Golden Ocean Group Ltd

Golden Ocean Group Ltd (GOGL) Stock Analysis

$22.662

-0.666 (-2.94%)At close

Loading chart…
High
22.940
Open
22.710
VWAP
22.70
Vol
4.58K
Mkt Cap
2.78B
Low
22.510
Amount
104.05K
EV/EBITDA, TTM
7.83

Golden Ocean Group Limited is a Bermuda-based shipping company, which is engaged in the transportation of dry bulk cargoes. It owns and operates a fleet of dry bulk vessels, consisting of Newcastlemax, Capesize, Kamsarmax and Panamax vessels. The Company’s fleet consists of approximately 90 vessels, with a capacity of approximately 13.7 million deadweight tons. Its vessels transport a range of bulk commodities, including ores, coal, grains, and fertilizers, along worldwide shipping routes. Its vessels operate in the spot and time charter markets. In addition, it has eight vessels chartered-in by SFL Corporation Ltd. (SFL) (of which seven are chartered in on finance leases and one is chartered on an operating lease). Approximately 8 of its vessels are chartered-out on fixed-rate time charters, 28 of its vessels are chartered out on index-linked-rate time charters and 55 vessels operate in the spot market.

Analyst Ratings (14)

-59.49% downside
Buy
12 Buy
1 Hold
1 Sell
Current: 22.66
Low
9.00
Average
9.18
High
9.37

Nordea

2025-05-20

Price Target

Hold

Jefferies

2025-04-23

Price Target

$8

Hold

Jefferies

2025-02-26

Price Target

$10

Hold

Jefferies

2024-11-27

Price Target

$12

Hold

Pareto Securities

2024-11-21

Price Target

$13

Hold

Valuation Metrics

The current forward P/E ratio for Golden Ocean Group Ltd (GOGL) is 11.51, compared to its 5-year average forward P/E of 10.36.

Forward P/E

Fair
5Y Average P/E
10.36
Current P/E
11.51
Overvalued
14.53
Undervalued
6.19

Forward EV/EBITDA

Fair
5Y Average EV/EBITDA
7.52
Current EV/EBITDA
7.83
Overvalued
8.52
Undervalued
6.52

Forward P/S

Fair
5Y Average P/S
2.77
Current P/S
2.71
Overvalued
3.25
Undervalued
2.29

Events Timeline

2025-08-21 (ET)

08:30:11

Delisting of One Option Scheduled for August 21st

2025-08-11 (ET)

05:18:09

CMB.TECH, Golden Ocean provide update on stock-for-stock merger

2025-05-21 (ET)

08:15:26

Golden Ocean reports Q1 EPS (22c) vs. 20c last quarter

05:28:23

Golden Ocean reports Q1 EPS (22c), consensus 12c

2025-04-22 (ET)

16:55:21

CMB.TECH and Golden Ocean announce stock-for-stock merger

News

GOGL FAQ — answered by Alphio AI

Golden Ocean Group Limited is a Bermuda-based shipping company, which is engaged in the transportation of dry bulk cargoes. It owns and operates a fleet of dry bulk vessels, consisting of Newcastlemax, Capesize, Kamsarmax and Panamax vessels. The Company’s fleet consists of approximately 90 vessels, with a capacity of approximately 13.7 million deadweight tons. Its vessels transport a range of bulk commodities, including ores, coal, grains, and fertilizers, along worldwide shipping routes. Its vessels operate in the spot and time charter markets. In addition, it has eight vessels chartered-in by SFL Corporation Ltd. (SFL) (of which seven are chartered in on finance leases and one is chartered on an operating lease). Approximately 8 of its vessels are chartered-out on fixed-rate time charters, 28 of its vessels are chartered out on index-linked-rate time charters and 55 vessels operate in the spot market. It operates in the Industrials sector.

14 analysts cover GOGL: 12 rate it Buy, 1 Hold and 1 Sell. The average price target is 9.18.

This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.

Get Started