Golar LNG Limited Sets New 52-Week High at $49.05 (GLNG)
Golar LNG Limited (NASDAQ:GLNG) hit a new 52-week high during mid-day trading on Monday , American Banking News.com reports. The company traded as high as $49.05 and last traded at $48.61, with a volume of 555,789 shares changing hands. The stock had previously closed at $47.28.
A number of research firms have recently commented on GLNG. Analysts at Global Hunter Securities raised their price target on shares of Golar LNG Limited from $42.00 to $54.00 in a research note on Thursday, May 29th. They now have a “buy” rating on the stock. Separately, analysts at Evercore Partners raised their price target on shares of Golar LNG Limited from $40.00 to $52.00 in a research note on Thursday, May 29th. They now have an “overweight” rating on the stock. Finally, analysts at Danske downgraded shares of Golar LNG Limited from a “buy” rating to a “sell” rating in a research note on Tuesday, May 27th. They now have a $38.00 price target on the stock, down previously from $42.00. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $42.39.
The stock’s 50-day moving average is $44.88 and its 200-day moving average is $39.22. The company has a market cap of $3.923 billion and a P/E ratio of 60.38.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 27th. Shareholders of record on Friday, June 6th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend is Wednesday, June 4th.
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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