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

Golar LNG (NASDAQ:GLNG) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

A number of other analysts have also weighed in on GLNG. Pareto Securities lowered shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a report on Thursday. BTIG Research restated a “buy” rating and set a $67.00 price target on shares of Golar LNG in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $65.00 price target on shares of Golar LNG in a report on Thursday. Finally, The Goldman Sachs Group set a $56.00 price objective on Golar LNG in a research report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Golar LNG has a consensus rating of “Moderate Buy” and an average price target of $56.70.

Golar LNG Stock Up 0.1%

GLNG stock opened at $52.36 on Friday. The stock has a 50-day simple moving average of $53.35 and a two-hundred day simple moving average of $44.69. Golar LNG has a twelve month low of $35.02 and a twelve month high of $57.79. The firm has a market capitalization of $5.31 billion, a PE ratio of 37.94 and a beta of 0.06. The company has a quick ratio of 2.55, a current ratio of 2.57 and a debt-to-equity ratio of 1.14.

Golar LNG (NASDAQ:GLNG) last announced its quarterly earnings results on Thursday, March 26th. The shipping company reported $0.82 earnings per share for the quarter. Golar LNG had a return on equity of 6.86% and a net margin of 30.10%.The firm had revenue of $137.55 million for the quarter. On average, equities analysts predict that Golar LNG will post 1.05 EPS for the current fiscal year.

Institutional Trading of Golar LNG

A number of hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd grew its position in Golar LNG by 278.2% in the third quarter. Caitong International Asset Management Co. Ltd now owns 658 shares of the shipping company’s stock worth $27,000 after acquiring an additional 484 shares in the last quarter. AdvisorNet Financial Inc raised its position in Golar LNG by 108.5% during the first quarter. AdvisorNet Financial Inc now owns 515 shares of the shipping company’s stock valued at $28,000 after purchasing an additional 268 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Golar LNG by 281.9% during the third 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 in the last quarter. Zions Bancorporation National Association UT purchased a new stake in Golar LNG during the fourth quarter valued at about $44,000. Finally, EverSource Wealth Advisors LLC raised its position in Golar LNG by 94.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,356 shares of the shipping company’s stock valued at $56,000 after purchasing an additional 657 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Golar LNG Company Profile

Golar LNG Ltd. is a leading owner and operator of liquefied natural gas (LNG) carriers and floating infrastructure. The company specializes in the transportation of LNG on long-term and spot charters for major energy firms around the world. In addition to shipping, Golar LNG has broadened its services to include project development and the conversion of existing carriers into Floating Liquefied Natural Gas (FLNG) and Floating Storage and Regasification Unit (FSRU) vessels.

Since pioneering the first purpose-built FLNG conversion project, Golar LNG has been at the forefront of offshore gas monetization.