Equities analysts expect Golar LNG Limited (NASDAQ:GLNG) to report earnings per share of $0.13 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Golar LNG’s earnings. The highest EPS estimate is $0.32 and the lowest is ($0.06). Golar LNG posted earnings of $0.32 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 59.4%. The business is scheduled to report its next quarterly earnings report on Wednesday, February 26th.
On average, analysts expect that Golar LNG will report full-year earnings of ($0.92) per share for the current financial year, with EPS estimates ranging from ($1.11) to ($0.80). For the next year, analysts anticipate that the business will report earnings of $0.59 per share, with EPS estimates ranging from ($0.72) to $1.69. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Golar LNG.
Golar LNG (NASDAQ:GLNG) last issued its quarterly earnings results on Tuesday, November 26th. The shipping company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.13). The company had revenue of $93.07 million during the quarter, compared to the consensus estimate of $100.53 million. Golar LNG had a negative return on equity of 6.06% and a negative net margin of 111.81%.
Several equities research analysts have recently weighed in on GLNG shares. Stifel Nicolaus dropped their target price on shares of Golar LNG from $30.00 to $27.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st. BidaskClub cut shares of Golar LNG from a “sell” rating to a “strong sell” rating in a research report on Saturday, November 16th. Scotiabank set a $23.00 price target on Golar LNG and gave the stock a “buy” rating in a research note on Monday, September 30th. Bank of America set a $19.00 price target on Golar LNG and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, B. Riley set a $21.00 price objective on Golar LNG and gave the company a “buy” rating in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. Golar LNG presently has an average rating of “Buy” and an average target price of $20.75.
NASDAQ GLNG opened at $13.35 on Friday. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of -35.12 and a beta of 0.89. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.40 and a quick ratio of 0.40. Golar LNG has a 12 month low of $11.07 and a 12 month high of $26.09. The company’s fifty day moving average price is $13.59 and its two-hundred day moving average price is $15.01.
Several large investors have recently made changes to their positions in GLNG. Capital Bank & Trust Co acquired a new stake in Golar LNG during the 2nd quarter worth about $43,000. Resources Investment Advisors LLC. acquired a new position in shares of Golar LNG during the second quarter worth approximately $55,000. Nisa Investment Advisors LLC lifted its holdings in shares of Golar LNG by 674.2% during the second quarter. Nisa Investment Advisors LLC now owns 3,445 shares of the shipping company’s stock worth $64,000 after buying an additional 3,000 shares during the last quarter. Aperio Group LLC bought a new stake in shares of Golar LNG in the second quarter valued at approximately $92,000. Finally, Advisor Group Inc. boosted its position in shares of Golar LNG by 86.2% in the second quarter. Advisor Group Inc. now owns 5,547 shares of the shipping company’s stock valued at $103,000 after acquiring an additional 2,568 shares during the period. 64.46% of the stock is owned by institutional investors and hedge funds.
Golar LNG Company Profile
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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