Analysts Set Golar LNG Limited (NASDAQ:GLNG) PT at $50.13

Shares of Golar LNG Limited (NASDAQ:GLNG) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $50.13.

A number of research firms recently commented on GLNG. StockNews.com raised shares of Golar LNG to a “sell” rating in a research report on Monday, December 9th. Fearnley Fonds downgraded shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. DNB Markets downgraded shares of Golar LNG from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Finally, Stifel Nicolaus increased their target price on shares of Golar LNG from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, December 24th.

Golar LNG Trading Down 0.3 %

Shares of NASDAQ:GLNG opened at $38.34 on Friday. Golar LNG has a 52 week low of $19.94 and a 52 week high of $44.36. The company’s 50 day moving average is $41.25 and its two-hundred day moving average is $38.14. The company has a market cap of $4.00 billion, a PE ratio of 273.87 and a beta of 0.55.

Institutional Trading of Golar LNG

Hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new stake in shares of Golar LNG in the 3rd quarter worth $32,000. Blue Trust Inc. increased its holdings in 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 acquiring an additional 703 shares in the last quarter. USA Financial Formulas purchased a new position in Golar LNG during the 4th quarter valued at about $61,000. CWM LLC grew its holdings in shares of Golar LNG by 830.9% during the third quarter. CWM LLC now owns 1,657 shares of the shipping company’s stock worth $61,000 after buying an additional 1,479 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Golar LNG during the fourth quarter worth about $107,000. 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.