Golar LNG Limited (NASDAQ:GLNG) Receives $49.63 Consensus PT from Analysts

Shares of Golar LNG Limited (NASDAQ:GLNG) have earned a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $49.63.

Several equities research analysts recently issued reports on GLNG shares. Fearnley Fonds downgraded shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft lifted their target price on Golar LNG from $43.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Stifel Nicolaus dropped their price target on Golar LNG from $55.00 to $53.00 and set a “buy” rating on the stock in a research note on Friday, August 16th. Finally, StockNews.com raised shares of Golar LNG to a “sell” rating in a research report on Wednesday, November 13th.

Golar LNG Stock Performance

Shares of GLNG stock opened at $36.86 on Friday. The stock has a market cap of $3.85 billion, a P/E ratio of 26.85 and a beta of 0.58. The company has a fifty day moving average price of $36.48 and a two-hundred day moving average price of $32.72. Golar LNG has a one year low of $19.94 and a one year high of $39.40. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.28.

Golar LNG Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 25th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $1.00 annualized dividend and a yield of 2.71%. Golar LNG’s dividend payout ratio (DPR) is presently 74.63%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund grew its position in Golar LNG by 467.9% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,237,000 shares of the shipping company’s stock worth $82,232,000 after buying an additional 1,843,100 shares in the last quarter. Clearline Capital LP acquired a new stake in shares of Golar LNG during the 3rd quarter worth $36,865,000. Donald Smith & CO. Inc. increased its position in shares of Golar LNG by 32.0% in the first quarter. Donald Smith & CO. Inc. now owns 3,586,994 shares of the shipping company’s stock worth $86,303,000 after purchasing an additional 870,233 shares during the period. American Century Companies Inc. raised its stake in Golar LNG by 53.7% in the second quarter. American Century Companies Inc. now owns 1,732,655 shares of the shipping company’s stock valued at $54,319,000 after purchasing an additional 605,499 shares in the last quarter. Finally, Brookfield Corp ON lifted its position in Golar LNG by 180.8% during the third quarter. Brookfield Corp ON now owns 849,959 shares of the shipping company’s stock worth $31,244,000 after purchasing an additional 547,253 shares during the period. Institutional investors own 92.21% of the company’s stock.

Golar LNG Company Profile

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.