Golar LNG (NASDAQ:GLNG – Get Free Report) is expected to be releasing its earnings data before the market opens on Thursday, February 27th. Analysts expect Golar LNG to post earnings of $0.48 per share and revenue of $73.54 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.
Golar LNG Price Performance
Shares of NASDAQ:GLNG opened at $38.27 on Wednesday. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 273.38 and a beta of 0.55. The firm’s 50 day simple moving average is $41.37 and its 200 day simple moving average is $38.10. Golar LNG has a fifty-two week low of $19.94 and a fifty-two week high of $44.36.
Analyst Ratings Changes
Several brokerages have commented on GLNG. DNB Markets downgraded shares of Golar LNG from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. StockNews.com upgraded shares of Golar LNG to a “sell” rating in a report on Monday, December 9th. Fearnley Fonds downgraded shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Finally, Stifel Nicolaus raised their target price on shares of Golar LNG from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, December 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $50.13.
About Golar LNG
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.
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