Golar LNG (NASDAQ:GLNG) Raised to Hold at Wall Street Zen

Golar LNG (NASDAQ:GLNG) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Monday.

A number of other research analysts also recently issued reports on the company. B. Riley reaffirmed a “neutral” rating and set a $44.50 price target on shares of Golar LNG in a report on Monday, August 25th. The Goldman Sachs Group began coverage on shares of Golar LNG in a research note on Monday, September 29th. They set a “buy” rating and a $54.00 target price on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Golar LNG in a research note on Tuesday, December 2nd. Zacks Research downgraded shares of Golar LNG from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. Finally, Citigroup assumed coverage on shares of Golar LNG in a research report on Friday, October 10th. They issued a “buy” rating and a $51.00 target price for the company. Three analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $50.42.

Golar LNG Price Performance

Shares of GLNG opened at $38.27 on Monday. Golar LNG has a twelve month low of $29.56 and a twelve month high of $45.98. The company has a market capitalization of $4.00 billion, a P/E ratio of 67.14 and a beta of 0.18. The firm has a 50 day moving average of $38.57 and a 200 day moving average of $40.37. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.61.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Quarry LP bought a new position in shares of Golar LNG during the 1st quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd lifted its holdings in Golar LNG by 278.2% during the third quarter. Caitong International Asset Management Co. Ltd now owns 658 shares of the shipping company’s stock valued at $27,000 after purchasing an additional 484 shares in the last quarter. SVB Wealth LLC purchased a new stake in shares of Golar LNG in the first quarter worth $31,000. Signaturefd LLC increased its stake in shares of Golar LNG by 64.6% in the second quarter. Signaturefd LLC now owns 856 shares of the shipping company’s stock worth $35,000 after purchasing an additional 336 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Golar LNG by 281.9% during the 3rd quarter. Smartleaf Asset Management LLC now owns 909 shares of the shipping company’s stock valued at $37,000 after purchasing an additional 671 shares during the period. Institutional investors own 92.21% of the company’s stock.

About Golar LNG

Golar LNG Limited designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels or projects; transportation of LNG carriers; and vessel management activities.