Golar LNG (NASDAQ:GLNG) Downgraded to Sell Rating by Wall Street Zen

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

Other equities research analysts have also issued research reports about the stock. BTIG Research reaffirmed a “buy” rating and issued a $67.00 target price on shares of Golar LNG in a report on Wednesday, May 20th. Pareto Securities downgraded shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Weiss Ratings raised shares of Golar LNG from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $65.00 price target on shares of Golar LNG in a research report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $56.70.

Golar LNG Price Performance

Shares of GLNG stock opened at $49.75 on Friday. The stock’s fifty day simple moving average is $52.55 and its 200 day simple moving average is $46.92. Golar LNG has a one year low of $35.02 and a one year high of $57.79. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 36.05 and a beta of 0.02. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.57 and a quick ratio of 2.57.

Golar LNG (NASDAQ:GLNG) last released its quarterly earnings data on Thursday, March 26th. The shipping company reported $0.82 earnings per share (EPS) for the quarter. The firm had revenue of $137.55 million during the quarter. Golar LNG had a return on equity of 6.86% and a net margin of 30.10%. On average, analysts expect that Golar LNG will post 0.72 earnings per share for the current fiscal year.

Institutional Trading of Golar LNG

Large investors have recently made changes to their positions in the business. Amundi lifted its position in Golar LNG by 29.6% during the 1st quarter. Amundi now owns 19,586 shares of the shipping company’s stock worth $744,000 after buying an additional 4,468 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Golar LNG by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,915 shares of the shipping company’s stock worth $2,238,000 after acquiring an additional 2,572 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Golar LNG by 2.8% in the second quarter. Legal & General Group Plc now owns 17,100 shares of the shipping company’s stock worth $704,000 after acquiring an additional 459 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of Golar LNG by 68.4% during the second quarter. Prudential Financial Inc. now owns 11,689 shares of the shipping company’s stock worth $481,000 after purchasing an additional 4,746 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Golar LNG by 94.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,356 shares of the shipping company’s stock worth $56,000 after purchasing an additional 657 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

About Golar LNG

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.