Golar LNG Limited (NASDAQ:GLNG) has earned an average rating of “Buy” from the fourteen ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $35.17.

GLNG has been the topic of several recent analyst reports. Stifel Nicolaus restated a “buy” rating and set a $36.00 price objective on shares of Golar LNG Limited in a research note on Wednesday, July 5th. Citigroup Inc. reiterated a “buy” rating and issued a $28.00 price target (down previously from $29.00) on shares of Golar LNG Limited in a research note on Thursday, June 1st. Zacks Investment Research upgraded shares of Golar LNG Limited from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Cowen and Company reiterated an “outperform” rating and issued a $45.00 price target on shares of Golar LNG Limited in a research note on Friday, June 23rd. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $32.00 price target (down previously from $36.00) on shares of Golar LNG Limited in a research note on Tuesday, June 13th.

A number of hedge funds have recently bought and sold shares of GLNG. Principal Financial Group Inc. increased its stake in Golar LNG Limited by 2.5% in the second quarter. Principal Financial Group Inc. now owns 11,939 shares of the shipping company’s stock worth $266,000 after buying an additional 292 shares in the last quarter. HITE Hedge Asset Management LLC increased its stake in Golar LNG Limited by 79.3% in the second quarter. HITE Hedge Asset Management LLC now owns 1,567,493 shares of the shipping company’s stock worth $34,877,000 after buying an additional 693,185 shares in the last quarter. Federated Investors Inc. PA increased its stake 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 worth $10,207,000 after buying an additional 65,256 shares in the last quarter. Boston Private Wealth LLC acquired a new stake in Golar LNG Limited during the second quarter worth about $4,461,000. Finally, State Board of Administration of Florida Retirement System increased its stake 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 worth $1,292,000 after buying an additional 1,249 shares in the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

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Golar LNG Limited (NASDAQ:GLNG) traded down 2.57% during midday trading on Tuesday, reaching $21.23. 918,684 shares of the company’s stock were exchanged. Golar LNG Limited has a 52 week low of $18.35 and a 52 week high of $29.18. The firm has a 50-day moving average price of $22.74 and a 200 day moving average price of $25.51. The company’s market cap is $2.08 billion.

Golar LNG Limited (NASDAQ:GLNG) last released its quarterly earnings data on Wednesday, May 31st. The shipping company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.38) by $0.03. The firm 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%. Analysts anticipate that Golar LNG Limited will post ($1.45) EPS for the current year.

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).

Analyst Recommendations for Golar LNG Limited (NASDAQ:GLNG)

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