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home / news releases / is the good news priced in for golden ocean s share

GOGL - Is The Good News Priced In For Golden Ocean's Share Price?

Golden Ocean Group Limited

2024-03-05 17:18:32 ET

Summary

  • Golden Ocean Group Limited has published its last quarter and FY 2023 results, with adjusted net income and dividends showing improvement.
  • The dividend yield on a TTM basis has not been very good, but the current share price suggests expectations for earnings and dividends to rise in 2024.
  • The stock market participants may be too optimistic about the dry bulk market for 2024, leading to a downgrade in the bullish call from Buy to Hold.

Golden Ocean Group logo (GOGL)

Investment Thesis

We have been bullish on Golden Ocean Group Limited ( GOGL ) since May 2022 when their ex-CEO stated that "the stars seem to be aligning"....

For further details see:

Is The Good News Priced In For Golden Ocean's Share Price?
Stock Information
Company Name: Golden Ocean Group Limited
Stock Symbol: GOGL
Market: NASDAQ
Website: goldenocean.bm
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