Golar LNG (NASDAQ:GLNG) Stock Rating Upgraded by StockNews.com

Golar LNG (NASDAQ:GLNG) was upgraded by equities researchers at StockNews.com to a “sell” rating in a report issued on Wednesday.

Other equities analysts have also issued reports about the stock. Stifel Nicolaus cut their price objective on shares of Golar LNG from $55.00 to $53.00 and set a “buy” rating on the stock in a report on Friday, August 16th. Deutsche Bank Aktiengesellschaft lifted their price target on Golar LNG from $43.00 to $56.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, B. Riley upped their price objective on Golar LNG from $35.50 to $44.50 and gave the stock a “buy” rating in a research note on Friday, July 19th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $49.63.

Golar LNG Price Performance

GLNG opened at $34.99 on Wednesday. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 26.23 and a beta of 0.58. The company has a current ratio of 1.24, a quick ratio of 1.28 and a debt-to-equity ratio of 0.31. Golar LNG has a 12-month low of $19.94 and a 12-month high of $39.40. The business’s fifty day simple moving average is $36.13 and its 200-day simple moving average is $32.37.

Golar LNG (NASDAQ:GLNG) last issued its earnings results on Thursday, August 15th. The shipping company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). Golar LNG had a return on equity of 9.20% and a net margin of 50.89%. The business had revenue of $62.98 million for the quarter, compared to the consensus estimate of $67.38 million. On average, equities research analysts anticipate that Golar LNG will post 1.53 earnings per share for the current fiscal year.

Institutional Trading of Golar LNG

Institutional investors have recently made changes to their positions in the business. Lowe Wealth Advisors LLC purchased a new stake in Golar LNG in the second quarter valued at about $45,000. Blue Trust Inc. increased its holdings in shares of Golar LNG by 105.1% during the third quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company’s stock valued at $50,000 after acquiring an additional 703 shares in the last quarter. Sound Income Strategies LLC purchased a new position in shares of Golar LNG in the 3rd quarter valued at approximately $52,000. EverSource Wealth Advisors LLC boosted its stake in Golar LNG by 206.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,727 shares of the shipping company’s stock worth $54,000 after purchasing an additional 1,163 shares in the last quarter. Finally, CWM LLC grew its position in Golar LNG by 830.9% during the 3rd quarter. CWM LLC now owns 1,657 shares of the shipping company’s stock worth $61,000 after purchasing an additional 1,479 shares during the last quarter. Institutional investors and hedge funds 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.