GOGL / Golden Ocean: Fundamentals And Future Supply And Demand Supports Our Buy Stance

Golden Ocean is a global dry bulk shipping company that has recently experienced a downturn in its financials due to macroeconomic pressures. The comp more_horizontal

Golden Ocean Group (GOGL) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares more_horizontal

Golden Ocean Group's (GOGL) share price has dropped 43% since being upgraded to a Buy a year ago, but the company's financial performance and business more_horizontal

Golden Ocean Group may still have long-term growth potential despite the slower-than-expected impact of China's reopening on the dry bulk carrier indu more_horizontal

Golden Ocean Group (GOGL) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This more_horizontal

Investors need not look far to obtain hints of dry bulker recovery, given GOGL's higher TCE rates in FQ2'23. FQ1'23 may be temporarily painful, due to more_horizontal

In the latest trading session, Golden Ocean Group (GOGL) closed at $9.28, marking no change from the previous day. more_horizontal

While the Baltic Dry Index has plunged tragically, we are confident that TCE rates may recover moderately, attributed to the 30Y record low order book more_horizontal