Lars-Christian Svensen, Chief Executive Officer, commented: "Golden Ocean was well positioned as the new year got underway with significant spot exposure to capture counter-seasonal strength in freight rates during the first quarter of 2024. The freight market and strong year- over-year demand growth offer clear indications that the market is beginning to tighten. Looking forward, the demand outlook is broadly optimistic, firmly supported by limited fleet supply growth, particularly in the Capesize segment. ...

Golden Ocean Group Limited (NASDAQ/OSE: GOGL) (the "Company" or "Golden Ocean"), the world's largest listed owner of large size dry bulk vessels, today announced its unaudited results for the quarter ended March 31, 2024. Highlights Lars-Christian Svensen, Chief Executive Officer, commented: "Golden Ocean was well positioned as the new year got underway with significant spot exposure to capture counter-seasonal strength in freight rates during the first quarter of 2024. The freight market and strong year- o ...

Earnings ESP: Golden Oceanhas an Earnings ESP of 0.00% (the Most Accurate Estimate is in line with the Zacks Consensus Estimate). You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter. Moreover, supply-chain disruptions are likely to have dampened this shipping company's numbers. On a brighter note, continued fleet expansion initiatives are likely to have driven its performance. Moreover, reduced container availability due to Red Sea tensions has resulted in a r ...

Core Insights - Golden Ocean Group (GOGL) has seen its stock price increase by over 50% this year, significantly outperforming the Nasdaq 100 and S&P 500 indices, which have risen by less than 10% [1] - The company is a major player in the dry bulk shipping industry, operating 83 vessels primarily focused on transporting grains, fertilizers, ores, and coal [2] - The Baltic Dry Index experienced a significant rise from $1,306 to $2,425 in March, although it has recently dropped to $1,890, impacting the company's performance [2] - Despite a drop in net income from $461 million to $112.3 million year-over-year, the fourth quarter saw a net profit of over $57 million due to strong spot market presence [2] - GOGL benefits from strong demand in Asia, particularly from China, Japan, and South Korea, which has led to increased prices for coal and iron ore [4] - Upcoming earnings on May 22 are expected to show a revenue of $195 million, a 47% year-over-year increase, with annual revenue guidance projected at $660 million, up 34.7% from the previous year [4] - The company has a strong dividend yield of 8.15%, making it attractive to income-focused investors [4] Stock Performance - GOGL's stock price has increased over 820% since bottoming at $1.61 in 2020, currently holding a market cap of over $2 billion [6] - The stock recently surpassed a crucial resistance level at $13.71, indicating a potential bullish trend, with expectations to retest resistance at $20 [6]

Golden Ocean Group Limited (the "Company) will publish its financial results for the first quarter of 2024 on Wednesday May 22, 2024. In connection with the release, a conference call and webcast will be held as described below: Conference call and webcastA conference call will be held at 3:00 P.M. CET (9:00 A.M. New York Time) on Wednesday February 28, 2024. The presentation will be available for download from the Investor Relations section at www.goldenocean.bm (under "Presentations") prior to the confere ...

Golden Ocean Group (GOGL) closed the latest trading day at $14.13, indicating a +0.28% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily loss of 0.34%. Meanwhile, the Dow experienced a rise of 0.23%, and the technology-dominated Nasdaq saw a decrease of 0.33%.Shares of the shipping company witnessed a gain of 11.38% over the previous month, beating the performance of the Transportation sector with its loss of 10.34% and the S&P 500's loss of 4.05%.Investors ...

  Golden Ocean Group Limited (the "Company") advises that the 2024 Annual General Meeting of the Shareholders of the Company was held on April 29, 2024, at 16:30 hrs, at Hamilton Princess and Beach Club, 76 Pitts Bay Road, Hamilton HMCX, Bermuda. The audited consolidated financial statements for the Company for the year ended December 31, 2023 were presented to the Meeting. In addition, the following resolutions were passed: To set the maximum number of Directors to be not more than eight.To resolve that va ...

Monty Rakusen/DigitalVision via Getty Images My Thesis When I last wrote about Golden Ocean Group Limited (NASDAQ:GOGL) stock in June 2023, it was trading at $7.6 - at the time of this writing it's trading at $13.8, and GOGL's total return for the period indicated is around 90%. That's more than five times what the market, as represented by the S&P 500 Index (SPX), has shown. Seeking Alpha, Oakoff's coverage of GOGL And although at first glance it may seem that now is the time to “cast out the line" a ...

The latest trading session saw Golden Ocean Group (GOGL) ending at $13.82, denoting a +1.69% adjustment from its last day's close. This move outpaced the S&P 500's daily loss of 0.46%. At the same time, the Dow lost 0.98%, and the tech-heavy Nasdaq lost 0.64%.Shares of the shipping company witnessed a gain of 6.34% over the previous month, beating the performance of the Transportation sector with its loss of 8.93% and the S&P 500's loss of 3.04%.The investment community will be closely monitoring the perfor ...

The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Golden Ocean Group (GOGL) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Golden Ocean Group is a member of the Transportation sector. This group includes 132 individual stocks and currently holds a Zacks Sector Rank of #12. The Zacks Sector Rank includes 16 different groups and is listed in order fr ...