Golar LNG Limited Price Target Raised to $60.00 (GLNG)
Stock analysts at Jefferies Group boosted their price target on shares of Golar LNG Limited (NASDAQ:GLNG) to $60.00 in a report issued on Wednesday. Jefferies Group’s price target indicates a potential downside of 8.75% from the company’s current price.
Shares of Golar LNG Limited (NASDAQ:GLNG) opened at 65.75 on Wednesday. Golar LNG Limited has a 52-week low of $33.07 and a 52-week high of $67.76. The stock’s 50-day moving average is $61.82 and its 200-day moving average is $48.90. The company has a market cap of $5.299 billion and a price-to-earnings ratio of 85.62.
Golar LNG Limited (NASDAQ:GLNG) last announced its earnings results on Tuesday, August 26th. The company reported ($0.11) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.09) by $0.02. Analysts expect that Golar LNG Limited will post $-0.08 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. 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. Finally, analysts at Bank of America initiated coverage on shares of Golar LNG Limited in a research note on Monday, July 7th. They set a “buy” rating on the stock. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $57.16.
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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