Golar LNG Limited (NASDAQ:GLNG) Receives Average Recommendation of “Moderate Buy” from Analysts

Golar LNG Limited (NASDAQ:GLNG) has been assigned a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $49.63.

Several brokerages have commented on GLNG. Fearnley Fonds downgraded shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. StockNews.com upgraded shares of Golar LNG to a “sell” rating in a report on Monday, December 9th.

Institutional Trading of Golar LNG

Hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio acquired a new stake in shares of Golar LNG in the third quarter valued at approximately $32,000. Blue Trust Inc. raised its holdings in shares of Golar LNG by 105.1% in 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 during the last quarter. Sound Income Strategies LLC acquired a new stake in shares of Golar LNG in the third quarter valued at approximately $52,000. CWM LLC raised its holdings in shares of Golar LNG by 830.9% in 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 during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Golar LNG by 206.2% in 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 during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Golar LNG Stock Performance

Shares of GLNG stock opened at $43.48 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.28 and a current ratio of 1.55. The company has a market capitalization of $4.54 billion, a P/E ratio of 310.57 and a beta of 0.61. The company’s 50 day moving average price is $38.34 and its two-hundred day moving average price is $34.42. Golar LNG has a 52 week low of $19.94 and a 52 week high of $44.04.

Golar LNG Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 25th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.30%. Golar LNG’s dividend payout ratio (DPR) is presently 714.29%.

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.