Golden Ocean Group Limited (GOGL) Gets a Buy Rating from Seaport Global

By Jason Carr

In a report released yesterday, Magnus Fyhr from Seaport Global reiterated a Buy rating on Golden Ocean Group Limited (NASDAQ: GOGL), with a price target of $13. The company’s shares closed yesterday at $9.01.

According to TipRanks.com, Fyhr is a 2-star analyst with an average return of 0.9% and a 36.7% success rate. Fyhr covers the Services sector, focusing on stocks such as Ship Finance International, Star Bulk Carriers, and Scorpio Bulkers.

Golden Ocean Group Limited has an analyst consensus of Moderate Buy, with a price target consensus of $12.25.

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Golden Ocean Group Limited’s market cap is currently $1.3B and has a P/E ratio of 42.34. The company has a Price to Book ratio of 0.86.

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Golden Ocean Group Ltd. is engaged in the management and operation of dry bulk shipping services. The company owns and operates a fleet of dry bulk vessels, comprising of newcastlemaxes, capesizes, kamsarmaxes, panamaxes and supramaxes. Its fleet includes bareboat, chartered and commercial management vessels.