Shares of Golar LNG Limited (NASDAQ:GLNG) have received an average recommendation of “Hold” from the eleven research firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $34.60.

GLNG has been the topic of several analyst reports. Morgan Stanley reissued an “overweight” rating and set a $31.00 price target (down from $32.00) on shares of Golar LNG in a research report on Friday, September 1st. Cowen reissued an “outperform” rating and set a $45.00 price target on shares of Golar LNG in a research report on Thursday, August 31st. ValuEngine cut shares of Golar LNG from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. ABN Amro raised shares of Golar LNG from a “hold” rating to a “buy” rating in a research report on Monday, October 30th. Finally, Zacks Investment Research cut shares of Golar LNG from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st.

Shares of Golar LNG (GLNG) traded up $0.75 during trading hours on Monday, reaching $25.92. 1,572,382 shares of the company’s stock traded hands, compared to its average volume of 1,191,105. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.77. Golar LNG has a 52-week low of $19.32 and a 52-week high of $29.18.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Thursday, December 14th will be issued a $0.05 dividend. The ex-dividend date is Wednesday, December 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.77%. Golar LNG’s payout ratio is -10.26%.

Hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its holdings in shares of Golar LNG by 23,320.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 71,198 shares of the shipping company’s stock valued at $1,583,000 after purchasing an additional 70,894 shares during the period. State Street Corp raised its holdings in shares of Golar LNG by 6.2% in the 2nd quarter. State Street Corp now owns 1,734,953 shares of the shipping company’s stock valued at $38,608,000 after purchasing an additional 101,007 shares during the period. Capital Management Associates NY raised its holdings in shares of Golar LNG by 100.0% in the 3rd quarter. Capital Management Associates NY now owns 19,000 shares of the shipping company’s stock valued at $430,000 after purchasing an additional 9,500 shares during the period. Vanguard Group Inc. raised its holdings in shares of Golar LNG by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 213,180 shares of the shipping company’s stock valued at $5,954,000 after purchasing an additional 4,739 shares during the period. Finally, Verition Fund Management LLC bought a new stake in shares of Golar LNG in the 2nd quarter valued at about $639,000. 82.85% of the stock is currently owned by institutional investors.

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About Golar LNG

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 (NASDAQ:GLNG)

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