Golar LNG (GLNG) – Analysts’ Weekly Ratings Updates

Several analysts have recently updated their ratings and price targets for Golar LNG (NASDAQ: GLNG):

  • 5/14/2018 – Golar LNG was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 5/9/2018 – Golar LNG was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “GOLAR LNG LIMITED is engaged in the acquisition, ownership, operation and chartering of liquid natural gas carriers and floating storage re-gasification units through its subsidiaries. “
  • 5/4/2018 – Golar LNG was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 5/4/2018 – Golar LNG was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 4/19/2018 – Golar LNG was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 4/19/2018 – Golar LNG had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $42.00 price target on the stock, up previously from $36.00.

Shares of Golar LNG opened at $33.98 on Friday, Marketbeat reports. Golar LNG has a 52-week low of $33.34 and a 52-week high of $33.80. The company has a market capitalization of $3.40 billion, a PE ratio of -23.12 and a beta of 0.74. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.29 and a quick ratio of 0.29.

Golar LNG (NASDAQ:GLNG) last announced its earnings results on Wednesday, February 28th. The shipping company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.17. Golar LNG had a negative return on equity of 8.11% and a negative net margin of 125.20%. The firm had revenue of $57.59 million during the quarter, compared to analyst estimates of $43.87 million. equities research analysts forecast that Golar LNG will post 0.06 EPS for the current year.

Several large investors have recently made changes to their positions in GLNG. California Public Employees Retirement System raised its position in shares of Golar LNG by 3.3% in the 3rd quarter. California Public Employees Retirement System now owns 88,000 shares of the shipping company’s stock worth $1,990,000 after acquiring an additional 2,800 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Golar LNG by 3.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 279,123 shares of the shipping company’s stock worth $8,321,000 after acquiring an additional 9,868 shares in the last quarter. Fox Run Management L.L.C. bought a new position in shares of Golar LNG in the 4th quarter worth approximately $520,000. Pelham Capital Ltd. bought a new position in Golar LNG during the 4th quarter valued at approximately $47,112,000. Finally, Strs Ohio bought a new position in Golar LNG during the 4th quarter valued at approximately $146,000. 81.88% of the stock is owned by hedge funds and other institutional investors.

Golar LNG Limited, a midstream liquefied natural gas (LNG) company, engages in the transportation, regasification, liquefaction, and trading of LNG. The company operates through Vessel Operations, LNG Trading, FLNG, and Power segments. It is involved 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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