Several other equities analysts have also commented on GLNG. Zacks Investment Research raised shares of Golar LNG from a “sell” rating to a “hold” rating in a report on Tuesday, February 26th. Cowen reaffirmed an “outperform” rating and set a $30.00 target price (down previously from $41.00) on shares of Golar LNG in a report on Monday, March 4th. Two equities research analysts have rated the stock with a sell rating and twelve have given a buy rating to the company’s stock. Golar LNG presently has an average rating of “Buy” and an average price target of $33.20.
GLNG stock opened at $16.94 on Wednesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.51 and a current ratio of 0.51. Golar LNG has a 52 week low of $16.42 and a 52 week high of $30.41. The firm has a market cap of $1.67 billion, a P/E ratio of -44.58 and a beta of 0.71.
Golar LNG (NASDAQ:GLNG) last released its earnings results on Tuesday, May 21st. The shipping company reported ($0.37) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by ($0.11). Golar LNG had a negative net margin of 52.68% and a negative return on equity of 2.93%. The business had revenue of $97.79 million for the quarter, compared to the consensus estimate of $88.87 million. Research analysts expect that Golar LNG will post -0.42 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the business. Coastal Investment Advisors Inc. bought a new stake in Golar LNG in the 1st quarter worth $41,000. Massey Quick Simon & CO. LLC bought a new stake in shares of Golar LNG during the 1st quarter valued at about $42,000. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Golar LNG during the 4th quarter valued at about $65,000. Bank of Montreal Can boosted its stake in shares of Golar LNG by 75.1% during the 4th quarter. Bank of Montreal Can now owns 3,130 shares of the shipping company’s stock valued at $68,000 after purchasing an additional 1,342 shares in the last quarter. Finally, NumerixS Investment Technologies Inc bought a new stake in shares of Golar LNG during the 4th quarter valued at about $78,000. 72.16% of the stock is currently owned by institutional investors and hedge funds.
About Golar LNG
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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