Golar LNG (NASDAQ:GLNG) Stock Rating Upgraded by StockNews.com

Golar LNG (NASDAQ:GLNG) was upgraded by analysts at StockNews.com to a “sell” rating in a research report issued to clients and investors on Tuesday.

A number of other analysts also recently issued reports on the stock. BTIG Research lifted their price target on shares of Golar LNG from $36.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Stifel Nicolaus reduced their price target on shares of Golar LNG from $55.00 to $53.00 and set a “buy” rating on the stock in a report on Friday, August 16th. B. Riley lifted their price target on shares of Golar LNG from $35.50 to $44.50 and gave the company a “buy” rating in a report on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Golar LNG from $43.00 to $56.00 and gave the company a “buy” rating in a report on Friday, August 16th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $49.63.

Golar LNG Stock Up 1.5 %

Shares of GLNG stock opened at $38.85 on Tuesday. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 37.00 and a beta of 0.58. Golar LNG has a one year low of $19.94 and a one year high of $38.99. The company’s fifty day moving average price is $33.47 and its 200-day moving average price is $29.66. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.28.

Golar LNG (NASDAQ:GLNG) last announced its quarterly earnings data on Thursday, August 15th. The shipping company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). The firm had revenue of $62.98 million for the quarter, compared to the consensus estimate of $67.38 million. Golar LNG had a net margin of 50.89% and a return on equity of 9.20%. Sell-side analysts expect that Golar LNG will post 1.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Golar LNG

Institutional investors and hedge funds have recently made changes to their positions in the business. Lowe Wealth Advisors LLC purchased a new position in shares of Golar LNG in the 2nd quarter worth $45,000. EverSource Wealth Advisors LLC grew its stake in shares of Golar LNG by 206.2% in the 2nd 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. Quarry LP boosted its stake in shares of Golar LNG by 1,559.3% during the 2nd quarter. Quarry LP now owns 2,323 shares of the shipping company’s stock worth $73,000 after purchasing an additional 2,183 shares during the period. Banque Cantonale Vaudoise grew its holdings in Golar LNG by 11.1% during the 2nd quarter. Banque Cantonale Vaudoise now owns 4,185 shares of the shipping company’s stock valued at $132,000 after purchasing an additional 417 shares during the last quarter. Finally, Lake Hills Wealth Management LLC bought a new position in Golar LNG during the 2nd quarter valued at about $212,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

About Golar LNG

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.