Golar LNG Limited (NASDAQ:GLNG) Given Consensus Recommendation of “Buy” by Analysts

Golar LNG Limited (NASDAQ:GLNG) has been assigned a consensus recommendation of “Buy” from the four brokerages that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have covered the stock in the last year is $49.63.

A number of equities analysts have weighed in on GLNG shares. Stifel Nicolaus dropped their price target on shares of Golar LNG from $55.00 to $53.00 and set a “buy” rating for the company in a research report on Friday, August 16th. B. Riley upped their price target on shares of Golar LNG from $35.50 to $44.50 and gave the stock a “buy” rating in a research report on Friday, July 19th. StockNews.com upgraded shares of Golar LNG to a “sell” rating in a research report on Wednesday. Fearnley Fonds lowered shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Golar LNG from $43.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, August 16th.

Golar LNG Stock Up 0.3 %

GLNG opened at $34.99 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.28 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $3.65 billion, a PE ratio of 26.11 and a beta of 0.58. Golar LNG has a 1-year low of $19.94 and a 1-year high of $39.40. The firm’s 50 day simple moving average is $36.13 and its two-hundred day simple moving average is $32.37.

Golar LNG (NASDAQ:GLNG) last posted its quarterly earnings data on Thursday, August 15th. The shipping company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). The company had revenue of $62.98 million during the quarter, compared to the consensus estimate of $67.38 million. Golar LNG had a return on equity of 9.20% and a net margin of 50.89%. As a group, equities analysts forecast that Golar LNG will post 1.53 EPS for the current year.

Golar LNG Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 25th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend is Monday, November 25th. Golar LNG’s dividend payout ratio (DPR) is presently 74.63%.

Institutional Investors Weigh In On Golar LNG

Hedge funds have recently bought and sold shares of the business. Lowe Wealth Advisors LLC purchased a new stake in Golar LNG during the second quarter valued at $45,000. Blue Trust Inc. raised its stake in Golar LNG by 105.1% during the third quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company’s stock valued at $50,000 after purchasing an additional 703 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in Golar LNG during the third quarter valued at $52,000. EverSource Wealth Advisors LLC raised its stake in Golar LNG by 206.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,727 shares of the shipping company’s stock valued at $54,000 after purchasing an additional 1,163 shares in the last quarter. Finally, CWM LLC raised its stake in Golar LNG by 830.9% during the third quarter. CWM LLC now owns 1,657 shares of the shipping company’s stock valued at $61,000 after purchasing an additional 1,479 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Golar LNG Company Profile

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.