Share on StockTwits

Analysts at BTIG Research initiated coverage on shares of Golar LNG Limited (NASDAQ:GLNG) in a research report issued to clients and investors on Wednesday, reports. The firm set a “buy” rating on the stock.

A number of other analysts have also recently weighed in on GLNG. Analysts at Evercore Partners raised their price target on shares of Golar LNG Limited from $52.00 to $59.00 in a research note on Wednesday, June 18th. They now have an “overweight” rating on the stock. Separately, 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. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $43.39.

Golar LNG Limited (NASDAQ:GLNG) traded up 8.05% during mid-day trading on Wednesday, hitting $59.75. The stock had a trading volume of 6,708,957 shares. Golar LNG Limited has a one year low of $30.51 and a one year high of $57.80. The stock’s 50-day moving average is $47.80 and its 200-day moving average is $40.67. The company has a market cap of $4.817 billion and a P/E ratio of 70.63.

The company also recently declared a quarterly dividend, which is scheduled for Friday, June 27th. Stockholders 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 3.25%. 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).

The Fly On The Wall

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.