Equities research analysts at Jefferies Group started coverage on shares of Golar LNG (NASDAQ:GLNG) in a research report issued to clients and investors on Monday. The brokerage set a “buy” rating and a $39.00 price target on the shipping company’s stock. Jefferies Group’s target price would suggest a potential upside of 35.28% from the stock’s previous close.
Several other equities research analysts also recently weighed in on the company. BidaskClub raised Golar LNG from a “buy” rating to a “strong-buy” rating in a research report on Friday. Cowen upped their target price on Golar LNG from $41.00 to $44.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 12th. Zacks Investment Research raised Golar LNG from a “sell” rating to a “hold” rating in a research report on Wednesday, November 29th. ABN Amro raised Golar LNG from a “hold” rating to a “buy” rating in a research report on Monday, October 30th. Finally, ValuEngine downgraded Golar LNG from a “hold” rating to a “sell” rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Golar LNG presently has a consensus rating of “Buy” and an average price target of $35.17.
Shares of Golar LNG (NASDAQ GLNG) traded up $1.15 during midday trading on Monday, hitting $28.83. The stock had a trading volume of 2,965,815 shares, compared to its average volume of 1,217,622. Golar LNG has a 52 week low of $19.32 and a 52 week high of $29.36. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.77.
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Golar LNG Company Profile
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).