Golar LNG Limited (GLNG) Releases Quarterly Earnings Results
Golar LNG Limited (NASDAQ:GLNG) released its earnings data on Tuesday. The company reported ($0.11) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.09) by $0.02, Stock Ratings News reports.
GLNG has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Golar LNG Limited from an “underperform” rating to a “neutral” rating in a research note on Monday. They now have a $65.30 price target on the stock. On the ratings front, analysts at Jefferies Group reiterated a “hold” rating on shares of Golar LNG Limited in a research note on Monday, July 28th. They now have a $55.00 price target on the stock, up previously from $40.00. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Golar LNG Limited has an average rating of “Hold” and a consensus target price of $56.54.
Golar LNG Limited (NASDAQ:GLNG) traded up 2.07% during mid-day trading on Tuesday, hitting $65.98. 2,163,191 shares of the company’s stock traded hands. Golar LNG Limited has a one year low of $33.07 and a one year high of $66.18. The stock’s 50-day moving average is $61.63 and its 200-day moving average is $48.6. The company has a market cap of $5.318 billion and a P/E ratio of 85.62.
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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