Golden Ocean is a global dry bulk shipping company that has recently experienced a downturn in its financials due to macroeconomic pressures. The company can sustain dividend payments as a result of the gradual rebound in the industry demand, which makes the annual dividend $0.40, representing a dividend yield of 5.20%. Despite the risk of fluctuating charter rates, the stock is undervalued and has the potential for 29.29% growth, with a decent dividend yield.

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 to earnings of $0.81 per share a year ago.

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 prospects remain strong. GOGL's fleet is modern with an average age of 6.7 years, and the company has a net long-term debt of $985.9 million on a fleet valued at $2,693 million. Despite risks to the demand for steel in China, the supply and demand dynamics for the dry bulk market look promising for the next 24 months, supporting a continued Buy stance for GOGL.

Golden Ocean Group Limited (NASDAQ:GOGL ) Q4 2022 Earnings Conference Call February 16, 2023 9:00 AM ET Company Participants Ulrik Andersen - Chief Executive Officer Peder Simonsen - Chief Financial Officer Conference Call Participants Omar Nokta - Jefferies Sherif Elmaghrabi - BTIG Operator Good day and thank you for standing by. Welcome to the Fourth Quarter 2022 Golden Ocean Group Limited Earnings Conference Call.