Golar LNG (NASDAQ:GLNG) Price Target Raised to $55.00 at Stifel Nicolaus

Golar LNG (NASDAQ:GLNG) had its price target raised by Stifel Nicolaus from $53.00 to $55.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the shipping company’s stock.

Other equities analysts have also issued research reports about the stock. Fearnley Fonds lowered shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. StockNews.com raised Golar LNG to a “sell” rating in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $50.13.

Golar LNG Stock Performance

NASDAQ GLNG opened at $42.80 on Tuesday. The business has a 50-day moving average price of $38.71 and a 200-day moving average price of $35.14. The firm has a market cap of $4.47 billion, a price-to-earnings ratio of 305.74 and a beta of 0.61. Golar LNG has a twelve month low of $19.94 and a twelve month high of $44.08. The company has a quick ratio of 1.28, a current ratio of 1.55 and a debt-to-equity ratio of 0.41.

Golar LNG Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 25th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend was Monday, November 25th. Golar LNG’s payout ratio is 714.29%.

Institutional Trading of Golar LNG

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio purchased a new stake in shares of Golar LNG in the third quarter valued at $32,000. Blue Trust Inc. lifted its stake in Golar LNG by 105.1% in the third quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company’s stock worth $50,000 after purchasing an additional 703 shares during the last quarter. Sound Income Strategies LLC purchased a new position in shares of Golar LNG during the third quarter valued at approximately $52,000. EverSource Wealth Advisors LLC grew its stake in shares of Golar LNG by 206.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,727 shares of the shipping company’s stock valued at $54,000 after buying an additional 1,163 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of 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 acquiring an additional 1,479 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

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.