Golar LNG Ltd. Plans Dividend of $0.45 (GLNG)
Golar LNG (NASDAQ:GLNG) announced a dividend on Wednesday, May 28th, Stock Ratings Network reports. Stockholders of record on Friday, June 6th will be paid a dividend of 0.45 per share on Friday, June 27th. The ex-dividend date is Wednesday, June 4th.
A number of analysts have recently weighed in on GLNG shares. Analysts at Danske downgraded shares of Golar LNG from a “buy” rating to a “sell” rating in a research note on Tuesday. They now have a $38.00 price target on the stock, down previously from $42.00. On a related note, analysts at Danske Bank downgraded shares of Golar LNG from a “buy” rating to a “sell” rating in a research note on Tuesday. They now have a $38.00 price target on the stock, down previously from $42.00. Finally, analysts at Stifel Nicolaus initiated coverage on shares of Golar LNG in a research note on Friday, May 23rd. They set a “hold” rating on the stock. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $37.95.
Shares of Golar LNG (NASDAQ:GLNG) opened at 46.35 on Thursday. Golar LNG has a 52-week low of $30.51 and a 52-week high of $47.11. The stock has a 50-day moving average of $44.12 and a 200-day moving average of $38.80. The company has a market cap of $3.735 billion and a P/E ratio of 27.11. Golar LNG also was the target of unusually large options trading activity on Tuesday. Investors bought 9,907 call options on the company. This is an increase of approximately 352% compared to the typical daily volume of 2,193 call options.
Golar LNG Limited (NASDAQ:GLNG) is the owner and operator of liquefied natural gas (LNG) carriers and floating storage regasification units (FSRUs).
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