Golar LNG Limited (NASDAQ:GLNG) Receives $41.75 Consensus Target Price from Brokerages

Shares of Golar LNG Limited (NASDAQ:GLNG) have earned an average rating of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $42.30.

Several brokerages have recently weighed in on GLNG. B. Riley upped their price target on Golar LNG from $35.50 to $44.50 and gave the company a “buy” rating in a research report on Friday, July 19th. StockNews.com cut Golar LNG from a “hold” rating to a “sell” rating in a research report on Wednesday. Stifel Nicolaus upped their price target on Golar LNG from $34.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, June 24th. BTIG Research upped their price target on Golar LNG from $36.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Golar LNG from $28.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th.

Golar LNG Trading Down 0.5 %

Shares of Golar LNG stock opened at $35.36 on Friday. Golar LNG has a 52-week low of $19.94 and a 52-week high of $36.52. The stock’s 50-day simple moving average is $30.07 and its 200 day simple moving average is $25.68. The stock has a market capitalization of $3.70 billion, a P/E ratio of 33.68 and a beta of 0.64. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.49 and a current ratio of 1.49.

Golar LNG (NASDAQ:GLNG) last announced its quarterly earnings data on Tuesday, May 28th. The shipping company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Golar LNG had a return on equity of 10.15% and a net margin of 38.11%. The business had revenue of $63.19 million for the quarter, compared to analysts’ expectations of $72.27 million. As a group, research analysts anticipate that Golar LNG will post 1.88 EPS for the current year.

Golar LNG Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 10th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.83%. The ex-dividend date was Monday, June 10th. Golar LNG’s payout ratio is 95.24%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of GLNG. CenterBook Partners LP boosted its stake in Golar LNG by 84.3% in the fourth quarter. CenterBook Partners LP now owns 101,438 shares of the shipping company’s stock worth $2,332,000 after buying an additional 46,393 shares in the last quarter. 1492 Capital Management LLC purchased a new stake in Golar LNG in the fourth quarter worth approximately $1,498,000. Capstone Investment Advisors LLC purchased a new stake in Golar LNG in the first quarter worth approximately $1,252,000. American Century Companies Inc. boosted its stake in Golar LNG by 59.1% in the third quarter. American Century Companies Inc. now owns 888,096 shares of the shipping company’s stock worth $21,545,000 after buying an additional 330,059 shares in the last quarter. Finally, Denali Advisors LLC purchased a new stake in Golar LNG in the first quarter worth approximately $1,049,000. Hedge funds and other 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.