Golar LNG Limited Receives Average Rating of “Hold” from Brokerages (NASDAQ:GLNG)
Golar LNG Limited (NASDAQ:GLNG) has earned a consensus rating of “Hold” from the thirteen brokerages that are presently covering the stock, American Banking News.com reports. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $57.16.
Golar LNG Limited (NASDAQ:GLNG) opened at 61.32 on Monday. 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 $62.03 and a 200-day moving average of $49.10. The company has a market cap of $4.942 billion and a price-to-earnings ratio of 84.78. Golar LNG Limited also was the recipient of some unusual options trading on Thursday. Traders acquired 4,420 call options on the stock. This is an increase of 546% compared to the average volume of 684 call options.
Golar LNG Limited (NASDAQ:GLNG) last announced its earnings results on Tuesday, August 26th. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.09) by $0.02. Analysts expect that Golar LNG Limited will post $-0.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 26th. Investors of record on Wednesday, September 10th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Monday, September 8th.
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.
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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