Golar LNG Limited (NASDAQ:GLNG) has received a consensus rating of “Buy” from the thirteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $20.75.
A number of research firms recently commented on GLNG. ValuEngine raised Golar LNG from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Citigroup set a $15.00 price target on Golar LNG and gave the company a “buy” rating in a research note on Friday, August 30th. B. Riley set a $21.00 price target on Golar LNG and gave the company a “buy” rating in a research note on Friday, October 11th. TheStreet lowered Golar LNG from a “c-” rating to a “d+” rating in a research note on Friday, August 16th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $17.00 price target on shares of Golar LNG in a research note on Friday, September 20th.
Shares of Golar LNG stock traded up $0.24 during midday trading on Thursday, reaching $14.30. The company had a trading volume of 40,791 shares, compared to its average volume of 1,514,473. The stock has a fifty day moving average price of $12.96 and a 200 day moving average price of $16.64. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.43 and a quick ratio of 0.43. The firm has a market cap of $1.44 billion, a PE ratio of -37.50 and a beta of 0.80. Golar LNG has a fifty-two week low of $11.07 and a fifty-two week high of $30.29.
Golar LNG (NASDAQ:GLNG) last posted its quarterly earnings data on Thursday, August 29th. The shipping company reported ($0.62) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.34) by ($0.28). The company had revenue of $82.32 million during the quarter, compared to analyst estimates of $85.10 million. Golar LNG had a negative return on equity of 4.26% and a negative net margin of 77.74%. As a group, sell-side analysts forecast that Golar LNG will post -1.16 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of GLNG. Nuveen Asset Management LLC lifted its stake in Golar LNG by 150.6% in the second quarter. Nuveen Asset Management LLC now owns 1,176,892 shares of the shipping company’s stock valued at $21,750,000 after buying an additional 707,256 shares during the period. FMR LLC increased its holdings in shares of Golar LNG by 7.6% during the first quarter. FMR LLC now owns 7,966,210 shares of the shipping company’s stock valued at $168,007,000 after acquiring an additional 560,753 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of Golar LNG by 133.4% during the second quarter. Marshall Wace LLP now owns 713,148 shares of the shipping company’s stock valued at $13,179,000 after acquiring an additional 407,606 shares in the last quarter. Carlson Capital L P increased its holdings in shares of Golar LNG by 61.9% during the second quarter. Carlson Capital L P now owns 1,025,000 shares of the shipping company’s stock valued at $18,942,000 after acquiring an additional 392,068 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Golar LNG by 2,416.7% during the second quarter. SG Americas Securities LLC now owns 243,839 shares of the shipping company’s stock valued at $4,506,000 after acquiring an additional 234,150 shares in the last quarter. 68.77% of the stock is currently owned by hedge funds and other institutional investors.
About Golar LNG
Golar LNG Limited, a midstream liquefied natural gas (LNG) company, engages in the transportation, regasification, and liquefaction of LNG. It operates through three segments: Vessel operations, Floating Liquefaction Natural Gas Vessel (FLNG), and Power. The company engages in the acquisition, ownership, operation, and chartering of LNG carriers and floating storage regasification units (FSRUs); and the development of LNG projects.
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