Cleaves Securities analyst Peter Christensen maintained a Buy rating on Golden Ocean Group (NASDAQ:GOGL) Limited on Monday, setting a price target of $18, which is approximately 94.81% above the present share price of $9.24.
Christensen expects Golden Ocean Group Limited to post earnings per share (EPS) of $0.52 for the fourth 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 $15.5.
The analysts price targets range from a high of $18 to a low of $13.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $275.7 million and a net profit of $97.37 million. The company's market cap is $1.85 billion.
According to TipRanks.com, Cleaves Securities analyst Peter Christensen is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -12.1% and a 0.00% 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.