Golar LNG (NASDAQ:GLNG) Rating Increased to Sell at StockNews.com

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

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

Golar LNG Trading Down 4.3 %

Shares of GLNG traded down $1.57 during mid-day trading on Wednesday, reaching $34.88. 1,300,433 shares of the company were exchanged, compared to its average volume of 1,183,934. The business has a 50 day simple moving average of $36.13 and a two-hundred day simple moving average of $32.37. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.28 and a current ratio of 1.24. The stock has a market capitalization of $3.65 billion, a PE ratio of 26.03 and a beta of 0.58. Golar LNG has a 52 week low of $19.94 and a 52 week high of $39.40.

Golar LNG (NASDAQ:GLNG) last issued its quarterly earnings results on Thursday, August 15th. The shipping company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $67.38 million. On average, analysts predict that Golar LNG will post 1.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Golar LNG

Several large investors have recently added to or reduced their stakes in GLNG. Lowe Wealth Advisors LLC purchased a new stake in Golar LNG during the second quarter valued at about $45,000. Blue Trust Inc. raised its holdings in shares of Golar LNG by 105.1% during the 3rd quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company’s stock valued at $50,000 after buying an additional 703 shares in the last quarter. Sound Income Strategies LLC bought a new stake in Golar LNG in the 3rd quarter worth approximately $52,000. EverSource Wealth Advisors LLC boosted its stake in Golar LNG by 206.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,727 shares of the shipping company’s stock worth $54,000 after buying an additional 1,163 shares in the last quarter. Finally, CWM LLC grew its position in Golar LNG by 830.9% during the third quarter. CWM LLC now owns 1,657 shares of the shipping company’s stock valued at $61,000 after acquiring an additional 1,479 shares during the last quarter. Institutional investors 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.