Golar LNG (NASDAQ:GLNG) Raised to Sell at StockNews.com

Golar LNG (NASDAQ:GLNG) was upgraded by equities research analysts at StockNews.com to a “sell” rating in a note issued to investors on Thursday.

A number of other analysts have also commented on GLNG. DNB Markets lowered Golar LNG from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Stifel Nicolaus lifted their price objective on Golar LNG from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, December 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $50.13.

Golar LNG Stock Performance

Shares of NASDAQ:GLNG traded up $1.10 during trading on Thursday, reaching $38.30. 2,662,364 shares of the stock traded hands, compared to its average volume of 1,208,183. Golar LNG has a 52-week low of $23.45 and a 52-week high of $44.36. The stock has a market cap of $4.00 billion, a P/E ratio of 273.59 and a beta of 0.78. The stock has a 50-day moving average of $38.92 and a two-hundred day moving average of $38.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. 111 Capital bought a new position in shares of Golar LNG in the 4th quarter worth approximately $248,000. Teza Capital Management LLC purchased a new position in shares of Golar LNG during the 4th quarter worth $2,652,000. Toronto Dominion Bank bought a new stake in shares of Golar LNG during the 4th quarter valued at $1,185,000. Sagefield Capital LP purchased a new stake in shares of Golar LNG in the 4th quarter worth $8,725,000. Finally, ProShare Advisors LLC lifted its position in Golar LNG by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 27,871 shares of the shipping company’s stock valued at $1,180,000 after purchasing an additional 9,169 shares in the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

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.