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

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

Several other brokerages have also weighed in on GLNG. Stifel Nicolaus increased their target price on Golar LNG from $34.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, June 24th. Deutsche Bank Aktiengesellschaft increased their price target on Golar LNG from $28.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Finally, BTIG Research increased their price target on Golar LNG from $36.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Golar LNG has an average rating of “Moderate Buy” and a consensus target price of $41.75.

Golar LNG Stock Performance

Shares of GLNG remained flat at $34.30 during trading hours on Thursday. The company had a trading volume of 1,016,701 shares, compared to its average volume of 1,183,530. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of 32.67 and a beta of 0.64. The stock has a 50-day simple moving average of $28.32 and a two-hundred day simple moving average of $24.88. Golar LNG has a twelve month low of $19.94 and a twelve month high of $34.59.

Golar LNG (NASDAQ:GLNG) last issued its earnings results on Tuesday, May 28th. The shipping company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. The business had revenue of $63.19 million for the quarter, compared to analyst estimates of $72.27 million. Golar LNG had a return on equity of 10.15% and a net margin of 38.11%. As a group, sell-side analysts predict that Golar LNG will post 1.88 earnings per share for the current fiscal year.

Institutional Trading of Golar LNG

Large investors have recently modified their holdings of the business. Lowe Wealth Advisors LLC acquired a new stake in shares of Golar LNG during the second quarter valued at about $45,000. Headlands Technologies LLC acquired a new stake in shares of Golar LNG during the fourth quarter valued at about $117,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Golar LNG by 26,805.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,112 shares of the shipping company’s stock valued at $118,000 after acquiring an additional 5,093 shares in the last quarter. Cetera Trust Company N.A acquired a new stake in shares of Golar LNG during the fourth quarter valued at about $133,000. Finally, Lake Hills Wealth Management LLC acquired a new position in Golar LNG in the second quarter worth about $212,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

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.