|Bid||5.96 x 1200|
|Ask||6.00 x 900|
|Day's Range||5.96 - 6.03|
|52 Week Range||4.33 - 8.53|
|Beta (3Y Monthly)||1.73|
|PE Ratio (TTM)||47.24|
|Forward Dividend & Yield||0.33 (5.44%)|
|1y Target Est||N/A|
Larger U.S.-listed ship owners are poised to grow larger still via so-called ship-for-share deals, in which the fleet seller takes stock in lieu of cash. Shipping stock prices have risen substantially, making shares more palatable as transaction currency, and private equity (PE) vessel owners are increasingly anxious to "harvest" positions as their funds reach maturity dates. Trading ships for public stock gets them one step closer to the exit.
U.S. refiners, as well as transport and tanker companies, stand to benefit from the international rules that go into effect on Jan. 1.
If you're interested in Golden Ocean Group Limited (NASDAQ:GOGL), then you might want to consider its beta (a measure...
Readers hoping to buy Golden Ocean Group Limited (NASDAQ:GOGL) for its dividend will need to make their move shortly...
If you're really worried about the limitations on marine fuel supply due to upcoming regulations, one way to hedge your risk – assuming you're big enough – is to buy your own marine fuel supplier, or at least part of one. This is the strategy chosen by dry bulk owner Golden Ocean (NASDAQ: GOGL), which reported larger-than-expected quarterly losses on August 15. Golden Ocean has signed a non-binding term sheet to buy 10 percent of a bunkering (marine fuel supply) joint venture (JV) together with global trading giant Trafigura, which will own 75 percent, and tanker company Frontline (NYSE: FRO), which will own 15 percent.
We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be...
This should theoretically be a heady and turbulent time for very large crude carrier (VLCC) rates, given escalating geopolitical tensions in the Strait of Hormuz. VLCCs, which carry two million barrels of crude oil each, are the workhorse tankers of the Middle East export trade. According to data from Clarksons Platou Securities, VLCC rates as of July 24 were $14,800 per day, essentially flat week-on-week (up 0.8 percent) and down 44 percent month-on-month.
Dry bulk – iron ore, coal, grains and other mineral and agricultural commodities – is by far the world's largest cargo segment. One of the most innovative options is the Breakwave Dry Bulk Shipping ETF (NYSE: BDRY), an exchange-traded fund (ETF) launched in March 2018 that owns and tracks bulker freight futures. Not surprisingly given what's going on with bulker rates, BDRY is now gaining more traction after a quiet start.
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
Today we'll take a closer look at Golden Ocean Group Limited (NASDAQ:GOGL) from a dividend investor's perspective...
Freight rates and shipping charter rates are on the upswing in certain segments of the ocean transport market. For ship owners who have suffered through years at break-even or below, it's a welcome reprieve, for however long it lasts. In the spotlight this week are larger bulk carriers carrying iron ore from Brazil to China, container ships bringing Chinese goods to California, and gas carriers transporting propane from the U.S. Gulf and Middle East to Asia.
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of...
Golden Ocean (NASDAQ: GOGL), one of the largest U.S.-listed owners of dry bulk ships, swung to a loss in the first three months of 2019 due to disruptions in Brazilian iron-ore exports, but it sees signs that the situation in Brazil is improving. The company, whose largest shareholder is Norwegian shipping magnate John Fredriksen, reported a net loss of $7.5 million for the first quarter of 2019, compared to net income of $16.7 million in the same period last year. In the most recent quarter, Golden Ocean's ships earned an average of $13,131 per day, down from $15,593 per day in the first quarter of 2018.
Golden Ocean Group (GOGL) delivered earnings and revenue surprises of 61.54% and 23.27%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
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The U.S. stock selloff is accelerating as American and Chinese tariffs, retaliatory tariffs, and counter-retaliatory tariffs continue to pile up – with seemingly no end in sight. The latest round of Chinese tariffs covers $60 billion in U.S. products, beginning June 1, according to China's Ministry of Finance. The finance ministry released four lists, showing the Harmonized Commodity Description System Codes (HS Codes) of all U.S. products that will be subject to tariffs of 5 percent, 10 percent, 20 percent, and 25 percent.
Golden Ocean Group (GOGL) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
U.S.-listed shipping stocks have fallen on investor fears that U.S.-China trade tensions could reduce the volume of cargo at sea. U.S. President Donald Trump said in a tweet on May 5 that previously implemented 10 percent tariffs on $200 billion of Chinese goods would be increased to 25 percent as of May 10, and further warned of 25 percent tariffs on an additional $325 billion of Chinese goods.
Is Golden Ocean Group Ltd (NASDAQ:GOGL) a good stock to buy right now? We at Insider Monkey like to examine what billionaires and hedge funds think of a company before doing days of research on it. Given their 2 and 20 payment structure, hedge funds have more incentives and resources than the average investor. The […]
The simplest way to benefit from a rising market is to buy an index fund. But if you buy individual stocks, you can do both better or worse than that. Investors in Golden Ocean Group Limited (NASDAQ:GOGL) have tasted that bit...