GOGL Stock News & Sentiment

Frontline, FLEX LNG, and Golden Ocean are included in the Zacks Industry Outlook report.

After thoroughly examining the Zacks Transportation Shipping sector, we recommend investing in stocks such as FRO, FLNG, and GOGL.

Golden Ocean Group Limited (“GOGL” or “the Company”) announces the appointment of Ms. Tonesan Amissah as Director of the Company.

Golden Ocean Group Limited (NASDAQ/OSE: GOGL) (the “Company”) announces that it has declared the purchase options for eight Capesize vessels under the long-term charter-in agreements with subsidiaries of SFL Corporation Ltd. The total purchase price is $112 million en-bloc, and the options have been declared in connection with the 10-year anniversary of the charter-in agreements. The acquisition will be financed through a new $90 million revolving credit facility subject to customary documentation and closing procedures, and cash on hand. It is expected that the acquisition will be completed during Q3 2025.

Golden Ocean owns 91 dry bulk vessels with a combined capacity of 13.8 million deadweight tons, one of the industry's largest fleets and second only to Star Bulk. With an average age of 7.7 years, Golden Ocean has one of the youngest fleets in the industry, only behind Himalaya Shipping and its fleet of brand-new Newcastlemax carriers. Given Golden Ocean's size, general and administrative expenses represented only 6.1% of TCE revenues in the first nine months of 2024, which is among the lowest among industry peers.

Reference is made to the stock announcement on October 2, 2024, where Golden Ocean Group Limited (OSE/NASDAQ: GOGL) announced the renewal of its share buy-back program of maximum USD 100 million to purchase up to an aggregate of 10,000,000 of the company's common shares in a 12 months period from the announcement.

We have just put together a list of the 10 oversold global stocks that are worth buying at the moment. In this article, we will examine how Golden Ocean Group Limited (NASDAQ:GOGL) compares to the other oversold stocks. The saying, "There are decades where nothing happens, and there are weeks where decades happen," is a fitting way to begin this discussion.

Reference is made to the stock announcement on October 2, 2024, where Golden Ocean Group Limited (OSE/NASDAQ: GOGL) announced the renewal of its share buy-back program of maximum USD 100 million to purchase up to an aggregate of 10,000,000 of the company's common shares in a 12 months period from the announcement.

Golden Ocean Group delivered a pretty good Q3 financial results, despite a sluggish freight market for the Panamax vessels. Uncertainties around imminent U.S. tariffs on import will change some trading patterns, potentially adding tons/miles. However, return to usage of the Suez Canal will reduce the tons/miles. Despite uncertainties, latest reduction in GOGL share price may offer a buying opportunity.