Golar LNG (NASDAQ:GLNG) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Friday.

Several other equities analysts have also weighed in on the stock. Morgan Stanley restated an “overweight” rating and set a $31.00 price target (down previously from $32.00) on shares of Golar LNG in a research report on Friday, September 1st. Cowen restated an “outperform” rating and set a $45.00 price target on shares of Golar LNG in a research report on Thursday, August 31st. ValuEngine lowered shares of Golar LNG from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. ABN Amro upgraded shares of Golar LNG from a “hold” rating to a “buy” rating in a research report on Monday, October 30th. Finally, Zacks Investment Research downgraded shares of Golar LNG from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Golar LNG has an average rating of “Buy” and a consensus price target of $34.40.

Golar LNG (GLNG) traded up $1.18 on Friday, reaching $27.68. 4,249,178 shares of the company traded hands, compared to its average volume of 1,215,004. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.41 and a quick ratio of 0.41. Golar LNG has a one year low of $19.32 and a one year high of $29.18.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Amalgamated Bank lifted its holdings in Golar LNG by 1.0% during the second quarter. Amalgamated Bank now owns 12,181 shares of the shipping company’s stock valued at $271,000 after purchasing an additional 118 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Golar LNG by 2.5% during the second quarter. Principal Financial Group Inc. now owns 11,939 shares of the shipping company’s stock valued at $266,000 after purchasing an additional 292 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its holdings in Golar LNG by 10.3% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 9,600 shares of the shipping company’s stock valued at $214,000 after purchasing an additional 900 shares during the last quarter. Sei Investments Co. lifted its holdings in Golar LNG by 19.3% during the second quarter. Sei Investments Co. now owns 6,511 shares of the shipping company’s stock valued at $145,000 after purchasing an additional 1,054 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its holdings in Golar LNG by 2.2% during 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 purchasing an additional 1,249 shares during the last quarter. 82.85% of the stock is currently owned by institutional investors and hedge funds.

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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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