Golar LNG Limited Sees Unusually Large Options Volume (GLNG)
Shares of Golar LNG Limited (NASDAQ:GLNG) were the target of some unusual options trading activity on Thursday. Investors bought 4,420 call options on the company, American Banking & Market News reports. This represents an increase of approximately 546% compared to the typical volume of 684 call options.
A number of research firms have recently commented on GLNG. Analysts at Jefferies Group raised their price target on shares of Golar LNG Limited from $55.00 to $60.00 in a research note on Wednesday. They now have a “hold” rating on the stock. Separately, 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. Three analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. Golar LNG Limited presently has an average rating of “Hold” and an average target price of $57.16.
Shares of Golar LNG Limited (NASDAQ:GLNG) traded down 4.20% on Thursday, hitting $61.32. 1,453,548 shares of the company’s stock traded hands. Golar LNG Limited has a 52-week low of $33.07 and a 52-week high of $67.76. The stock has a 50-day moving average of $61.97 and a 200-day moving average of $49.01. The company has a market cap of $4.942 billion and a P/E ratio of 84.78.
Golar LNG Limited (NASDAQ:GLNG) last announced its earnings results on Tuesday, August 26th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by $0.02. On average, analysts predict that Golar LNG Limited will post $-0.09 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 26th. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend is Monday, September 8th.
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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