Golar LNG Limited (NASDAQ:GLNG)‘s stock had its “outperform” rating reaffirmed by Cowen and Company in a report issued on Thursday, August 31st. They currently have a $45.00 price target on the shipping company’s stock. Cowen and Company’s price target points to a potential upside of 109.79% from the stock’s previous close.
Other analysts have also recently issued reports about the stock. Citigroup Inc. reiterated a “buy” rating and issued a $28.00 target price (down from $29.00) on shares of Golar LNG Limited in a research note on Thursday, June 1st. Stifel Nicolaus restated a “buy” rating and set a $36.00 price objective on shares of Golar LNG Limited in a research report on Wednesday, July 5th. Zacks Investment Research raised shares of Golar LNG Limited from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Morgan Stanley reaffirmed an “overweight” rating and set a $32.00 target price (down previously from $36.00) on shares of Golar LNG Limited in a report on Tuesday, June 13th. Finally, BidaskClub lowered shares of Golar LNG Limited from a “sell” rating to a “strong sell” rating in a report on Saturday, June 10th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. Golar LNG Limited presently has a consensus rating of “Hold” and a consensus price target of $34.00.
Shares of Golar LNG Limited (NASDAQ GLNG) traded up 1.80% during mid-day trading on Thursday, reaching $21.45. The company had a trading volume of 1,521,142 shares. The stock has a 50 day moving average of $21.41 and a 200-day moving average of $24.32. The firm’s market capitalization is $2.10 billion. Golar LNG Limited has a one year low of $19.85 and a one year high of $29.18.
Golar LNG Limited (NASDAQ:GLNG) last released its earnings results on Wednesday, August 30th. The shipping company reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.40) by ($0.11). Golar LNG Limited had a negative net margin of 179.35% and a negative return on equity of 7.78%. The firm had revenue of $28.41 million during the quarter, compared to analyst estimates of $17.03 million. Equities analysts predict that Golar LNG Limited will post ($1.87) EPS for the current year.
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A number of institutional investors have recently modified their holdings of the business. Comerica Bank raised its holdings in Golar LNG Limited by 1.1% in the first quarter. Comerica Bank now owns 9,250 shares of the shipping company’s stock worth $239,000 after buying an additional 105 shares during the last quarter. Amalgamated Bank raised its holdings in Golar LNG Limited by 1.0% in the second quarter. Amalgamated Bank now owns 12,181 shares of the shipping company’s stock worth $271,000 after buying an additional 118 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Golar LNG Limited by 2.5% in the second quarter. Principal Financial Group Inc. now owns 11,939 shares of the shipping company’s stock worth $266,000 after buying an additional 292 shares during the last quarter. Loomis Sayles & Co. L P raised its holdings in Golar LNG Limited by 1.7% in the first quarter. Loomis Sayles & Co. L P now owns 18,906 shares of the shipping company’s stock worth $528,000 after buying an additional 319 shares during the last quarter. Finally, Fernwood Investment Management LLC raised its holdings in Golar LNG Limited by 0.6% in the first quarter. Fernwood Investment Management LLC now owns 78,050 shares of the shipping company’s stock worth $2,180,000 after buying an additional 450 shares during the last quarter. 87.51% of the stock is owned by institutional investors and hedge funds.
Golar LNG Limited Company Profile
Golar LNG Limited is a midstream liquefied natural gas (LNG) company engaged primarily in the transportation, regasification, liquefaction and trading of LNG. The Company is engaged in the acquisition, ownership, operation and chartering of LNG carriers and Floating Storage Regasification Unit (FSRUs) through its subsidiaries and affiliates, and the development of LNG projects, such as floating LNGs (FLNGs).
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