Analysts forecast that Golar LNG Limited (NASDAQ:GLNG) will post sales of $19.25 million for the current quarter, according to Zacks. Three analysts have made estimates for Golar LNG Limited’s earnings, with the highest sales estimate coming in at $30.12 million and the lowest estimate coming in at $8.12 million. Golar LNG Limited reported sales of $18.37 million in the same quarter last year, which would suggest a positive year over year growth rate of 4.8%. The business is expected to announce its next quarterly earnings report on Wednesday, August 30th.

On average, analysts expect that Golar LNG Limited will report full-year sales of $19.25 million for the current financial year, with estimates ranging from $72.90 million to $162.82 million. For the next financial year, analysts expect that the business will report sales of $360.71 million per share, with estimates ranging from $287.20 million to $405.98 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Golar LNG Limited.

Golar LNG Limited (NASDAQ:GLNG) last posted its earnings results on Wednesday, May 31st. The shipping company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.38) by $0.03. The company had revenue of $25.11 million for the quarter, compared to analyst estimates of $17.62 million. Golar LNG Limited had a negative return on equity of 7.51% and a negative net margin of 228.55%.

Several equities analysts recently issued reports on GLNG shares. Zacks Investment Research cut Golar LNG Limited from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th. Citigroup Inc. restated a “buy” rating and issued a $28.00 price target (down previously from $29.00) on shares of Golar LNG Limited in a research report on Thursday, June 1st. BidaskClub cut Golar LNG Limited from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 10th. Morgan Stanley restated an “overweight” rating and issued a $32.00 price target (down previously from $36.00) on shares of Golar LNG Limited in a research report on Tuesday, June 13th. Finally, Cowen and Company restated an “outperform” rating and issued a $45.00 price target on shares of Golar LNG Limited in a research report on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $34.43.

A number of institutional investors have recently added to or reduced their stakes in the company. Federated Investors Inc. PA boosted its position in Golar LNG Limited by 16.6% in the second quarter. Federated Investors Inc. PA now owns 458,767 shares of the shipping company’s stock valued at $10,207,000 after buying an additional 65,256 shares during the last quarter. Boston Private Wealth LLC acquired a new position in Golar LNG Limited during the second quarter valued at about $4,461,000. State Board of Administration of Florida Retirement System boosted its position in Golar LNG Limited by 2.2% in the second quarter. State Board of Administration of Florida Retirement System now owns 58,089 shares of the shipping company’s stock valued at $1,292,000 after buying an additional 1,249 shares during the last quarter. Boston Family Office LLC boosted its position in Golar LNG Limited by 0.9% in the second quarter. Boston Family Office LLC now owns 187,849 shares of the shipping company’s stock valued at $4,180,000 after buying an additional 1,683 shares during the last quarter. Finally, KBC Group NV boosted its position in Golar LNG Limited by 70.8% in the second quarter. KBC Group NV now owns 57,616 shares of the shipping company’s stock valued at $1,282,000 after buying an additional 23,878 shares during the last quarter. Institutional investors own 88.96% of the company’s stock.

Shares of Golar LNG Limited (GLNG) opened at 22.45 on Monday. The company’s 50-day moving average price is $22.65 and its 200 day moving average price is $25.57. Golar LNG Limited has a 12-month low of $17.73 and a 12-month high of $29.18. The firm’s market capitalization is $2.20 billion.

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Golar LNG Limited Company Profile

Golar LNG Limited is a midstream liquefied natural gas (LNG) company engaged primarily in the transportation, regasification, liquefaction and trading of LNG. The Company is engaged in the acquisition, ownership, operation and chartering of LNG carriers and Floating Storage Regasification Unit (FSRUs) through its subsidiaries and affiliates, and the development of LNG projects, such as floating LNGs (FLNGs).

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Earnings History and Estimates for Golar LNG Limited (NASDAQ:GLNG)

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