Golden Ocean Group Ltd Stock Price, News & Analysis

Golden Ocean Group Limited (NASDAQ: GOGL) reported the acquisition of 150,000 of its own shares on December 7, 2022, as part of its $100 million buy-back program initiated on October 4, 2022. The shares were purchased at an average price of NOK 82.43 on the Oslo Stock Exchange and USD 8.20 on Nasdaq. Following this transaction, GOGL holds a total of 705,000 shares, representing 0.35% of its share capital.

Details of the buy-back program are available on the company's website, with further statements highlighting the inherent risks associated with forward-looking statements.

Golden Ocean Group Limited (GOGL) announced on December 2, 2022, that it has repurchased 250,000 of its own common shares as part of a previously established buy-back program of up to USD 100 million. This purchase included 100,000 shares on the Oslo Stock Exchange at an average price of NOK 79.37 and 150,000 shares on Nasdaq at USD 8.20 each. Following this transaction, GOGL now holds a total of 555,000 shares, representing 0.28% of its total capital. The buy-back program is expected to continue over a 12-month period from the original announcement on October 4, 2022.

Golden Ocean Group Limited is set to present its third quarter 2022 results during a webcast and conference call scheduled for 15:00 CET today. Interested participants can join via a provided link for the webcast or register online for the conference call. Q&A sessions will follow the presentations. Presentation materials and replay details are available on the company’s official website. This announcement falls under the disclosure requirements of the Norwegian Securities Trading Act.

Golden Ocean Group Limited (GOGL) reported its unaudited results for Q3 2022, showcasing a net income of $104.6 million and earnings per share of $0.52, down from $163.7 million and $0.82 in Q2 2022. The adjusted EBITDA also decreased to $118.2 million from $191.6 million. The average TCE rates were $22,658 for Capesize and $23,562 for Panamax/Ultramax. Notably, the sale of two vessels yielded a $21.9 million gain. A cash dividend of $0.35 per share was announced, along with a $100 million share buy-back program.

Golden Ocean Group Limited is set to release its third quarter financial results for 2022 on November 16, 2022. A conference call and webcast will occur at 3:00 P.M. CET (9:00 A.M. New York Time) on the same day. Interested parties can access the presentation via the Investor Relations section of the company's website, where the downloadable presentation will be available before the event. A Q&A session will follow the conference call/webcast, with details on question submission provided at the start of the session.

Golden Ocean Group Limited (OSE/NASDAQ: GOGL) has announced a share buy-back program, authorized on October 4, 2022, with a maximum budget of USD 100 million to repurchase up to 10 million common shares over the next 12 months. The buy-backs will take place on both the Oslo Stock Exchange and NASDAQ, with a maximum price of USD 10.00 per share. CEO Ulrik Uhrenfeldt Andersen noted this decision aims to enhance shareholder returns amid economic uncertainty, reflecting the company's strong balance sheet and positive long-term outlook.

Golden Ocean Group Limited conducted its 2022 Annual General Meeting on September 30, 2022, where shareholders reviewed the audited financial statements for the year ended December 31, 2021. Significant resolutions passed included setting a maximum of eight Directors, re-electing existing Directors, and re-appointing PricewaterhouseCoopers AS as auditors. The Board of Directors’ remuneration was approved at a total not exceeding US$600,000 for 2022. An amendment to the Company’s bye-laws was also approved.

Golden Ocean Group presented at the Pareto Securities’ 29th Energy Conference on September 15, 2022. The event focused on key developments in the energy sector and their implications for shipping companies. Golden Ocean Group highlighted its strategies to navigate market challenges and capitalize on growth opportunities. The presentation is available for download, offering insights into the company's vision, operational efficiencies, and expected industry trends. Investors are encouraged to review the materials to understand the company's positioning within the evolving energy landscape.

Golden Ocean Group Limited has scheduled its 2022 Annual General Meeting for September 30, 2022. Key documentation including the Notice of Annual General Meeting and the 2021 Consolidated Financial Statements on Form 20-F are available on the company's website. This meeting will adhere to the disclosure requirements set forth by Section 5-12 of the Norwegian Securities Trading Act. Interested parties can access the attachments linked in the release.