Cleaves Securities analyst Joakim Hannisdahl maintained a Buy rating on Golden Ocean Group (NASDAQ:GOGL) Limited on Thursday, setting a price target of $11, which is approximately 53.85% above the present share price of $7.15.
Hannisdahl expects Golden Ocean Group Limited to post earnings per share (EPS) of $0.18 for the first quarter of 2021.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in Golden Ocean Group, with an average price target of $9.
The analysts price targets range from a high of $11 to a low of $7.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $168.71 million and a net profit of $28.72 million. The company's market cap is $1.41 billion.
According to TipRanks.com, Cleaves Securities analyst Joakim Hannisdahl is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 15.8% and a 61.09% success rate.
Golden Ocean Group Ltd. engages in the ownership and operation of dry bulk vessels. The company manages Newcastlemax, Capesize, Panamax, and Ultramax vessels and transports bulk commodities, including ores, coal, grains, and fertilizers. It also involves in the charter, purchase, and sale of vessels. The company was founded on September 18, 1996 and is headquartered in Hamilton, Bermuda.