Golden Ocean Group (GOGL) Stock Forecast, Price Target & Predictions
GOGL Stock Forecast
Golden Ocean Group stock forecast is as follows: an average price target of $16.75 (represents a 92.31% upside from GOGL’s last price of $8.71) and a rating consensus of 'Hold', based on 5 wall street analysts offering a 1-year stock forecast.
GOGL Price Target
The average price target for Golden Ocean Group (GOGL) is $16.75 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $18.00 to $15.50. This represents a potential 92.31% upside from GOGL's last price of $8.71.
GOGL Analyst Ratings
According to 5 Wall Street analysts, Golden Ocean Group's rating consensus is 'Hold'. The analyst rating breakdown for GOGL stock is 1 'Strong Buy' (20.00%), 1 'Buy' (20.00%), 2 'Hold' (40.00%), 1 'Sell' (20.00%), and 0 'Strong Sell' (0.00%).
Golden Ocean Group Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| May 22, 2024 | Omar Nokta | Jefferies | $15.50 | $14.03 | 10.48% | 77.96% |
| Jul 21, 2022 | Jefferies | $14.00 | $10.89 | 28.56% | 60.73% | |
| May 20, 2022 | Magnus Fyhr | H.C. Wainwright | $18.00 | $15.57 | 15.57% | 106.66% |
The latest Golden Ocean Group stock forecast, released on May 22, 2024 by Omar Nokta from Jefferies, set a price target of $15.50, which represents a 10.48% increase from the stock price at the time of the forecast ($14.03), and a 77.96% increase from GOGL last price ($8.71).
Golden Ocean Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $15.50 |
| Last Closing Price | $8.71 | $8.71 | $8.71 |
| Upside/Downside | -100.00% | -100.00% | 77.96% |
In the current month, the average price target of Golden Ocean Group stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Golden Ocean Group's last price of $8.71. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jul 30, 2024 | Raymond James | Strong Buy | Strong Buy | Hold |
| Jul 30, 2024 | HSBC | Buy | Buy | Hold |
| May 22, 2024 | Jefferies | Buy | Hold | Downgrade |
| May 06, 2024 | DNB Markets | Sell | Downgrade | |
| Oct 24, 2023 | Jefferies | Hold | Buy | Upgrade |
| Sep 26, 2022 | Jefferies | Buy | Hold | Downgrade |
| Jul 21, 2022 | Jefferies | Buy | Initialise | |
| May 20, 2022 | H.C. Wainwright | Neutral | Neutral | Hold |
Golden Ocean Group's last stock rating was published by Raymond James on Jul 30, 2024. The company gave GOGL a "Strong Buy" rating, the same as its previous rate.
Golden Ocean Group Financial Forecast
Golden Ocean Group Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $196.52M | $249.56M | $282.05M | $316.67M | $265.18M | $381.81M | $387.62M | $275.70M | $158.05M | $168.71M | $185.58M |
| Avg Forecast | $399.38M | $386.48M | $373.99M | $361.91M | $183.29M | $183.29M | $177.91M | $175.95M | $219.47M | $181.88M | $172.52M | $153.48M | $176.84M | $190.33M | $188.88M | $189.47M | $189.46M | $142.98M | $145.79M | $108.76M | $156.72M | $208.95M | $222.24M | $191.27M | $304.69M | $274.78M | $198.98M | $118.41M | $124.27M | $115.71M |
| High Forecast | $421.25M | $407.64M | $394.48M | $381.74M | $193.33M | $193.33M | $187.65M | $185.59M | $231.50M | $191.84M | $181.97M | $166.34M | $186.53M | $200.76M | $189.72M | $189.47M | $199.84M | $143.37M | $153.78M | $114.72M | $165.30M | $208.95M | $222.24M | $191.27M | $304.69M | $274.78M | $198.98M | $118.41M | $124.27M | $115.71M |
| Low Forecast | $361.95M | $350.26M | $338.95M | $328.00M | $166.11M | $166.11M | $161.24M | $159.47M | $198.91M | $164.83M | $156.36M | $130.32M | $160.27M | $172.50M | $188.04M | $189.47M | $171.71M | $142.58M | $132.13M | $98.57M | $142.03M | $208.95M | $222.24M | $191.27M | $304.69M | $274.78M | $198.98M | $118.41M | $124.27M | $115.71M |
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 2 | 2 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.81% | 1.59% | 1.35% | 1.42% | 1.39% | 1.25% | 1.41% | 1.39% | 1.33% | 1.36% | 1.60% |
Golden Ocean Group's average Quarter revenue forecast for Jun 23 based on 1 analysts is $145.79M, with a low forecast of $132.13M, and a high forecast of $153.78M. GOGL's average Quarter revenue forecast represents a -25.81% decrease compared to the company's last Quarter revenue of $196.52M (Mar 23).
Golden Ocean Group EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 2 | 2 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $56.00M | $114.33M | $118.96M | $191.78M | $149.08M | $241.85M | $229.05M | $129.81M | $54.45M | $58.10M | $73.38M |
| Avg Forecast | $140.09M | $135.57M | $131.19M | $126.95M | $64.29M | $64.29M | $62.41M | $61.72M | $76.99M | $63.80M | $60.52M | $53.84M | $62.03M | $66.76M | $66.26M | $78.39M | $66.46M | $50.15M | $51.14M | $83.84M | $54.97M | $80.62M | $85.74M | $89.67M | $117.56M | $106.02M | $76.77M | $27.95M | $47.95M | $44.64M |
| High Forecast | $147.76M | $142.99M | $138.37M | $133.90M | $67.81M | $67.81M | $65.82M | $65.10M | $81.20M | $67.29M | $63.83M | $58.35M | $65.43M | $70.42M | $66.55M | $94.07M | $70.10M | $50.29M | $53.94M | $100.61M | $57.98M | $80.62M | $85.74M | $107.60M | $117.56M | $106.02M | $76.77M | $33.54M | $47.95M | $44.64M |
| Low Forecast | $126.96M | $122.86M | $118.89M | $115.05M | $58.27M | $58.27M | $56.56M | $55.94M | $69.77M | $57.82M | $54.85M | $45.71M | $56.22M | $60.51M | $65.96M | $62.71M | $60.23M | $50.01M | $46.35M | $67.07M | $49.82M | $80.62M | $85.74M | $71.74M | $117.56M | $106.02M | $76.77M | $22.36M | $47.95M | $44.64M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.67% | 2.08% | 1.48% | 2.24% | 1.66% | 2.06% | 2.16% | 1.69% | 1.95% | 1.21% | 1.64% |
1 analysts predict GOGL's average Quarter EBITDA for Jun 23 to be $51.14M, with a high of $53.94M and a low of $46.35M. This is -8.68% lower than Golden Ocean Group's previous annual EBITDA (Mar 23) of $56.00M.
Golden Ocean Group Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 2 | 2 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-8.82M | $68.21M | $104.56M | $163.75M | $125.32M | $203.82M | $195.33M | $104.50M | $23.58M | $25.37M | $39.06M |
| Avg Forecast | $95.61M | $94.75M | $92.25M | $89.85M | $92.51M | $91.55M | $81.25M | $79.07M | $90.47M | $58.99M | $49.06M | $26.65M | $42.49M | $57.16M | $56.29M | $58.54M | $53.35M | $12.67M | $22.18M | $62.61M | $152.46M | $85.70M | $117.35M | $66.96M | $181.96M | $139.12M | $89.38M | $11.12M | $39.67M | $25.06M |
| High Forecast | $102.42M | $101.50M | $98.82M | $96.25M | $99.10M | $98.07M | $87.04M | $84.70M | $96.91M | $63.19M | $52.56M | $39.98M | $45.51M | $61.23M | $57.15M | $70.24M | $57.15M | $12.71M | $23.76M | $75.13M | $182.95M | $85.70M | $117.35M | $80.35M | $181.96M | $139.12M | $89.38M | $13.34M | $39.67M | $25.06M |
| Low Forecast | $83.97M | $83.21M | $81.02M | $78.91M | $81.24M | $80.40M | $71.35M | $69.44M | $79.45M | $51.81M | $43.09M | $13.91M | $37.31M | $50.20M | $55.43M | $46.83M | $46.85M | $12.64M | $19.48M | $50.08M | $121.96M | $85.70M | $117.35M | $53.57M | $181.96M | $139.12M | $89.38M | $8.89M | $39.67M | $25.06M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.14% | 0.45% | 1.22% | 1.40% | 1.87% | 1.12% | 1.40% | 1.17% | 2.12% | 0.64% | 1.56% |
Golden Ocean Group's average Quarter net income forecast for Mar 23 is $62.61M, with a range of $50.08M to $75.13M. GOGL's average Quarter net income forecast represents a -8.21% decrease compared to the company's last Quarter net income of $68.21M (Dec 22).
Golden Ocean Group SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 2 | 2 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $4.16M | $4.96M | $4.79M | $5.50M | $5.13M | $4.83M | $4.60M | $4.61M | $4.12M | $4.02M | $3.10M |
| Avg Forecast | $7.75M | $7.50M | $7.26M | $7.02M | $3.56M | $3.56M | $3.45M | $3.42M | $4.26M | $3.53M | $3.35M | $2.98M | $3.43M | $3.69M | $3.67M | $2.39M | $3.68M | $2.78M | $2.83M | $2.56M | $3.61M | $4.06M | $4.31M | $2.74M | $5.91M | $5.33M | $3.86M | $1.94M | $2.41M | $2.25M |
| High Forecast | $8.18M | $7.91M | $7.66M | $7.41M | $3.75M | $3.75M | $3.64M | $3.60M | $4.49M | $3.72M | $3.53M | $3.23M | $3.62M | $3.90M | $3.68M | $2.87M | $3.88M | $2.78M | $2.98M | $3.07M | $4.33M | $4.06M | $4.31M | $3.29M | $5.91M | $5.33M | $3.86M | $2.33M | $2.41M | $2.25M |
| Low Forecast | $7.03M | $6.80M | $6.58M | $6.37M | $3.22M | $3.22M | $3.13M | $3.10M | $3.86M | $3.20M | $3.03M | $2.53M | $3.11M | $3.35M | $3.65M | $1.92M | $3.33M | $2.77M | $2.56M | $2.05M | $2.89M | $4.06M | $4.31M | $2.19M | $5.91M | $5.33M | $3.86M | $1.55M | $2.41M | $2.25M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.63% | 1.38% | 1.18% | 1.27% | 1.87% | 0.82% | 0.86% | 1.19% | 2.12% | 1.67% | 1.38% |
Golden Ocean Group's average Quarter SG&A projection for Jun 23 is $2.83M, based on 1 Wall Street analysts, with a range of $2.56M to $2.98M. The forecast indicates a -32.01% fall compared to GOGL last annual SG&A of $4.16M (Mar 23).
Golden Ocean Group EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 2 | 2 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-0.04 | $0.34 | $0.52 | $0.82 | $0.63 | $1.02 | $0.97 | $0.52 | $0.14 | $0.18 | $0.27 |
| Avg Forecast | $0.48 | $0.47 | $0.46 | $0.45 | $0.46 | $0.46 | $0.41 | $0.40 | $0.45 | $0.29 | $0.25 | $0.13 | $0.21 | $0.29 | $0.28 | $0.27 | $0.27 | $0.06 | $0.11 | $-0.03 | $0.22 | $0.43 | $0.59 | $0.39 | $0.91 | $0.70 | $0.45 | $0.11 | $0.20 | $0.13 |
| High Forecast | $0.51 | $0.51 | $0.49 | $0.48 | $0.50 | $0.49 | $0.44 | $0.42 | $0.48 | $0.32 | $0.26 | $0.20 | $0.23 | $0.31 | $0.29 | $0.27 | $0.29 | $0.06 | $0.12 | $-0.03 | $0.24 | $0.43 | $0.59 | $0.39 | $0.91 | $0.70 | $0.45 | $0.11 | $0.20 | $0.13 |
| Low Forecast | $0.42 | $0.42 | $0.41 | $0.39 | $0.41 | $0.40 | $0.36 | $0.35 | $0.40 | $0.26 | $0.22 | $0.07 | $0.19 | $0.25 | $0.28 | $0.27 | $0.23 | $0.06 | $0.10 | $-0.03 | $0.20 | $0.43 | $0.59 | $0.39 | $0.91 | $0.70 | $0.45 | $0.11 | $0.20 | $0.13 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.53% | 1.53% | 1.21% | 1.40% | 1.63% | 1.12% | 1.39% | 1.16% | 1.22% | 0.91% | 2.16% |
According to 1 Wall Street analysts, Golden Ocean Group's projected average Quarter EPS for Mar 23 is $-0.03, with a low estimate of $-0.03 and a high estimate of $-0.03. This represents a -108.47% decrease compared to GOGL previous annual EPS of $0.34 (Dec 22).
Golden Ocean Group Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| GOGL | Golden Ocean Group | $8.85 | $16.75 | 89.27% | Hold |
| NMM | Navios Maritime Partners | $43.17 | $80.00 | 85.31% | Buy |
| DSX | Diana Shipping | $1.84 | $3.00 | 63.04% | Hold |
| SBLK | Star Bulk Carriers | $14.94 | $22.40 | 49.93% | Buy |
| GNK | Genco Shipping & Trading | $14.03 | $19.50 | 38.99% | Buy |
| GSL | Global Ship Lease | $21.31 | $29.00 | 36.09% | Buy |
| DAC | Danaos | $77.30 | $105.00 | 35.83% | Buy |
| CMRE | Costamare | $12.63 | $14.00 | 10.85% | Buy |