Golar LNG (GLNG) Rating Lowered to Hold at BidaskClub
Golar LNG (NASDAQ:GLNG) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.
Several other brokerages have also recently weighed in on GLNG. Jefferies Group began coverage on Golar LNG in a research note on Monday, December 18th. They issued a “buy” rating and a $39.00 price target on the stock. Cowen upped their price target on Golar LNG from $41.00 to $44.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 12th. Zacks Investment Research raised Golar LNG from a “sell” rating to a “hold” rating in a research note on Wednesday, November 29th. Finally, ABN Amro raised Golar LNG from a “hold” rating to a “buy” rating in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $35.17.
Shares of Golar LNG (GLNG) traded up $0.36 during mid-day trading on Friday, reaching $29.73. The company had a trading volume of 682,792 shares, compared to its average volume of 1,570,000. The stock has a market capitalization of $3,010.00, a PE ratio of -15.98, a price-to-earnings-growth ratio of 15.46 and a beta of 0.96. Golar LNG has a 12 month low of $19.32 and a 12 month high of $31.64. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.41 and a current ratio of 0.41.
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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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