Brokerages Set Golar LNG Limited (NASDAQ:GLNG) PT at $50.13

Shares of Golar LNG Limited (NASDAQ:GLNG) have been given a consensus rating of “Moderate Buy” by the five analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $50.13.

GLNG has been the subject of a number of analyst reports. Stifel Nicolaus raised their price objective on shares of Golar LNG from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, December 24th. Fearnley Fonds downgraded shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Finally, StockNews.com upgraded shares of Golar LNG to a “sell” rating in a report on Monday, December 9th.

Institutional Investors Weigh In On Golar LNG

A number of large investors have recently added to or reduced their stakes in the stock. Barclays PLC boosted its stake in shares of Golar LNG by 431.3% in the 3rd quarter. Barclays PLC now owns 185,018 shares of the shipping company’s stock worth $6,802,000 after buying an additional 150,195 shares during the last quarter. De Lisle Partners LLP lifted its holdings in Golar LNG by 9.1% in the third quarter. De Lisle Partners LLP now owns 249,390 shares of the shipping company’s stock valued at $9,169,000 after acquiring an additional 20,890 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Golar LNG by 467.9% in 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 purchasing an additional 1,843,100 shares during the last quarter. Murchinson Ltd. bought a new stake in shares of Golar LNG during the 2nd quarter valued at about $1,301,000. Finally, Royce & Associates LP increased its position in shares of Golar LNG by 102.5% during the 3rd quarter. Royce & Associates LP now owns 81,000 shares of the shipping company’s stock valued at $2,978,000 after purchasing an additional 41,000 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Golar LNG Price Performance

Shares of NASDAQ:GLNG opened at $42.95 on Friday. The business has a fifty day moving average price of $39.72 and a 200-day moving average price of $36.17. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.55 and a quick ratio of 1.28. The company has a market capitalization of $4.48 billion, a PE ratio of 306.81 and a beta of 0.61. Golar LNG has a 1-year low of $19.94 and a 1-year high of $44.36.

Golar LNG Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 25th were given a dividend of $0.25 per share. The ex-dividend date was Monday, November 25th. This represents a $1.00 dividend on an annualized basis and a yield of 2.33%. Golar LNG’s dividend payout ratio (DPR) is 714.34%.

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.