Golar LNG (NASDAQ:GLNG) Rating Increased to Sell at StockNews.com

StockNews.com upgraded shares of Golar LNG (NASDAQ:GLNG) to a sell rating in a report published on Monday morning.

Other analysts have also recently issued research reports about the company. Fearnley Fonds cut Golar LNG from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft raised their price objective on Golar LNG from $43.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Stifel Nicolaus reduced their target price on shares of Golar LNG from $55.00 to $53.00 and set a “buy” rating for the company in a report on Friday, August 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $49.63.

Golar LNG Price Performance

NASDAQ GLNG opened at $43.54 on Monday. The company has a market cap of $4.55 billion, a PE ratio of 311.00 and a beta of 0.60. The firm’s 50 day moving average price is $38.15 and its 200-day moving average price is $34.18. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.28 and a current ratio of 1.55. Golar LNG has a 52-week low of $19.94 and a 52-week high of $43.95.

Golar LNG Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 25th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.30%. Golar LNG’s payout ratio is 714.29%.

Institutional Investors Weigh In On Golar LNG

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. De Lisle Partners LLP increased its holdings in shares of Golar LNG by 9.1% during the third quarter. De Lisle Partners LLP now owns 249,390 shares of the shipping company’s stock valued at $9,169,000 after acquiring an additional 20,890 shares in the last quarter. SG Americas Securities LLC increased its stake in Golar LNG by 532.0% during the 2nd quarter. SG Americas Securities LLC now owns 133,444 shares of the shipping company’s stock valued at $4,183,000 after purchasing an additional 112,331 shares in the last quarter. Murchinson Ltd. acquired a new position in Golar LNG during the 2nd quarter valued at approximately $1,301,000. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Golar LNG by 467.9% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,237,000 shares of the shipping company’s stock worth $82,232,000 after buying an additional 1,843,100 shares during the period. Finally, Royce & Associates LP lifted its stake in shares of Golar LNG by 102.5% during the third quarter. Royce & Associates LP now owns 81,000 shares of the shipping company’s stock worth $2,978,000 after buying an additional 41,000 shares during the period. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Golar LNG Company Profile

Golar LNG Limited designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels or projects; transportation of LNG carriers; and vessel management activities.