Brokerages predict that Golar LNG Limited (NASDAQ:GLNG) will post ($0.28) earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Golar LNG’s earnings. The highest EPS estimate is ($0.09) and the lowest is ($0.57). Golar LNG reported earnings of ($0.33) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 15.2%. The business is expected to report its next earnings results on Tuesday, February 27th.
According to Zacks, analysts expect that Golar LNG will report full-year earnings of ($1.90) per share for the current financial year, with EPS estimates ranging from ($2.11) to ($1.63). For the next fiscal year, analysts anticipate that the business will report earnings of $0.22 per share, with EPS estimates ranging from ($0.41) to $0.95. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Golar LNG.
Golar LNG (NASDAQ:GLNG) last released its quarterly earnings data on Thursday, November 30th. The shipping company reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.07). The business had revenue of $32.43 million during the quarter, compared to analysts’ expectations of $24.04 million. Golar LNG had a negative net margin of 180.90% and a negative return on equity of 9.15%.
Several research firms have recently commented on GLNG. BidaskClub downgraded shares of Golar LNG from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 6th. Zacks Investment Research downgraded shares of Golar LNG from a “hold” rating to a “sell” rating in a report on Thursday, January 25th. Jefferies Group began coverage on shares of Golar LNG in a report on Monday, December 18th. They set a “buy” rating and a $39.00 price target on the stock. Cowen increased their price target on shares of Golar LNG from $41.00 to $44.00 and gave the stock an “outperform” rating in a report on Tuesday, December 12th. Finally, Morgan Stanley increased their price target on shares of Golar LNG from $32.00 to $36.00 and gave the stock an “equal weight” rating in a report on Monday, February 12th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. Golar LNG currently has a consensus rating of “Hold” and a consensus target price of $36.00.
Shares of Golar LNG (GLNG) opened at $27.86 on Tuesday. The company has a market cap of $2,820.00, a price-to-earnings ratio of -14.98, a PEG ratio of 12.50 and a beta of 0.76. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.77. Golar LNG has a twelve month low of $19.32 and a twelve month high of $31.64.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. ICM Asset Management Inc. WA purchased a new stake in Golar LNG during the fourth quarter worth $255,000. MetLife Investment Advisors LLC purchased a new stake in Golar LNG during the fourth quarter worth $1,315,000. LPL Financial LLC purchased a new stake in Golar LNG during the fourth quarter worth $214,000. Raymond James & Associates purchased a new position in Golar LNG during the fourth quarter valued at $210,000. Finally, Two Sigma Advisers LP purchased a new position in Golar LNG during the fourth quarter valued at $587,000. 85.56% of the stock is currently owned by hedge funds and other institutional investors.
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About Golar LNG
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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