A number of other analysts also recently issued reports on GLNG. Cowen restated an “outperform” rating and issued a $22.00 price target (down from $30.00) on shares of Golar LNG in a research report on Tuesday, June 25th. BidaskClub downgraded Golar LNG from a “hold” rating to a “sell” rating in a research report on Wednesday, July 24th. Finally, Zacks Investment Research upgraded Golar LNG from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Monday, April 29th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company’s stock. Golar LNG presently has an average rating of “Buy” and a consensus target price of $32.11.
GLNG traded down $0.62 during trading on Thursday, reaching $16.32. The company had a trading volume of 780,602 shares, compared to its average volume of 992,225. The company has a market capitalization of $1.72 billion, a PE ratio of -42.95 and a beta of 0.65. The business’s 50 day moving average is $17.47. Golar LNG has a 52 week low of $16.17 and a 52 week high of $30.29. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89.
A number of hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers increased its stake in Golar LNG by 1.1% in the first quarter. Rhumbline Advisers now owns 136,458 shares of the shipping company’s stock worth $2,878,000 after purchasing an additional 1,433 shares during the period. Massey Quick Simon & CO. LLC purchased a new position in shares of Golar LNG during the first quarter valued at $42,000. Boston Family Office LLC increased its stake in shares of Golar LNG by 1.0% during the second quarter. Boston Family Office LLC now owns 214,737 shares of the shipping company’s stock valued at $3,968,000 after buying an additional 2,221 shares during the period. Advisor Group Inc. increased its stake in shares of Golar LNG by 86.2% during the second quarter. Advisor Group Inc. now owns 5,547 shares of the shipping company’s stock valued at $103,000 after buying an additional 2,568 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in shares of Golar LNG by 674.2% during the second quarter. Nisa Investment Advisors LLC now owns 3,445 shares of the shipping company’s stock valued at $64,000 after buying an additional 3,000 shares during the period. Institutional investors and hedge funds own 72.05% of the company’s stock.
Golar LNG Company Profile
Golar LNG Limited, a midstream liquefied natural gas (LNG) company, engages in the transportation, regasification, and liquefaction of LNG. It operates through three segments: Vessel operations, Floating Liquefaction Natural Gas Vessel (FLNG), and Power. The company engages in the acquisition, ownership, operation, and chartering of LNG carriers and floating storage regasification units (FSRUs); and the development of LNG projects.
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