Golar LNG (NASDAQ:GLNG) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Golar LNG Limited (NASDAQ:GLNG)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $35.76 and traded as high as $42.67. Golar LNG shares last traded at $42.32, with a volume of 1,635,573 shares changing hands.

Wall Street Analyst Weigh In

GLNG has been the topic of several research analyst reports. Fearnley Fonds lowered shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Stifel Nicolaus boosted their price objective on shares of Golar LNG from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, December 24th. Finally, StockNews.com raised shares of Golar LNG to a “sell” rating in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $50.13.

Golar LNG Stock Up 3.6 %

The company has a current ratio of 1.55, a quick ratio of 1.28 and a debt-to-equity ratio of 0.41. The firm has a 50 day moving average price of $39.36 and a 200-day moving average price of $35.81. The firm has a market cap of $4.58 billion, a price-to-earnings ratio of 313.17 and a beta of 0.61.

Golar LNG Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 25th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend was Monday, November 25th. Golar LNG’s payout ratio is currently 714.29%.

Institutional Investors Weigh In On Golar LNG

A number of large investors have recently bought and sold shares of GLNG. Barclays PLC boosted its stake in shares of Golar LNG by 431.3% during the 3rd quarter. Barclays PLC now owns 185,018 shares of the shipping company’s stock worth $6,802,000 after purchasing an additional 150,195 shares during the last quarter. De Lisle Partners LLP lifted its stake in shares of Golar LNG by 9.1% during the third quarter. De Lisle Partners LLP now owns 249,390 shares of the shipping company’s stock valued at $9,169,000 after buying an additional 20,890 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Golar LNG by 467.9% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,237,000 shares of the shipping company’s stock worth $82,232,000 after acquiring an additional 1,843,100 shares during the last quarter. Murchinson Ltd. purchased a new stake in Golar LNG in the 2nd quarter worth approximately $1,301,000. Finally, Royce & Associates LP raised its holdings in Golar LNG by 102.5% in the 3rd quarter. Royce & Associates LP now owns 81,000 shares of the shipping company’s stock valued at $2,978,000 after acquiring an additional 41,000 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

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.