Golar LNG (NASDAQ:GLNG – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Thursday.
Golar LNG Stock Down 0.6 %
Shares of Golar LNG stock traded down $0.16 on Thursday, reaching $25.02. The company’s stock had a trading volume of 961,155 shares, compared to its average volume of 1,130,252. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of -58.18 and a beta of 0.61. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.34. Golar LNG has a 52 week low of $19.62 and a 52 week high of $25.90. The firm’s fifty day simple moving average is $23.39 and its two-hundred day simple moving average is $22.71.
Golar LNG (NASDAQ:GLNG – Get Free Report) last released its quarterly earnings data on Thursday, February 29th. The shipping company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.50 by $0.40. The company had revenue of $78.65 million during the quarter, compared to the consensus estimate of $76.85 million. Golar LNG had a positive return on equity of 11.67% and a negative net margin of 15.68%. Equities analysts anticipate that Golar LNG will post 1.66 earnings per share for the current year.
Hedge Funds Weigh In On Golar LNG
About Golar LNG
Golar LNG Limited designs, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It also engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels; operation of the transportation of LNG carriers; and vessel management.
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