Golar LNG (GLNG) Upgraded to Strong-Buy by BidaskClub
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.
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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).
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