Golar LNG Ltd. (NASDAQ:GLNG)‘s stock had its “buy” rating reiterated by research analysts at Jefferies Group in a research report issued on Monday.
Several other equities analysts have also issued reports on GLNG. Wells Fargo & Co. reiterated a “buy” rating on shares of Golar LNG in a report on Tuesday, May 31st. Credit Suisse Group AG reiterated an “outperform” rating on shares of Golar LNG in a report on Wednesday, June 1st. Morgan Stanley began coverage on shares of Golar LNG in a report on Tuesday, September 6th. They set a “buy” rating and a $30.00 target price for the company. Clarkson Capital reiterated a “buy” rating on shares of Golar LNG in a report on Friday, June 17th. Finally, Nordea Equity Research upgraded shares of Golar LNG from a “hold” rating to a “buy” rating in a report on Wednesday, June 1st. Four analysts have rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the company’s stock. Golar LNG presently has an average rating of “Hold” and a consensus price target of $30.89.
Shares of Golar LNG (NASDAQ:GLNG) traded up 1.16% during trading on Monday, reaching $21.84. The company’s stock had a trading volume of 1,634,110 shares. The firm’s 50-day moving average price is $19.37 and its 200-day moving average price is $18.18. Golar LNG has a one year low of $9.42 and a one year high of $35.90. The company’s market capitalization is $1.97 billion.
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Golar LNG (NASDAQ:GLNG) last posted its quarterly earnings data on Wednesday, August 31st. The company reported ($0.96) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.47) by $0.49. Golar LNG had a negative net margin of 453.75% and a negative return on equity of 9.31%. On average, equities analysts anticipate that Golar LNG will post ($2.00) earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Wednesday, September 14th will be issued a $0.05 dividend. The ex-dividend date is Monday, September 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.92%.
A number of institutional investors have recently made changes to their positions in GLNG. Luxor Capital Group LP raised its position in shares of Golar LNG by 392.9% in the fourth quarter. Luxor Capital Group LP now owns 9,229,350 shares of the company’s stock worth $145,731,000 after buying an additional 7,356,777 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in Golar LNG during the first quarter worth approximately $527,000. Commonwealth Equity Services Inc increased its stake in Golar LNG by 4.9% in the first quarter. Commonwealth Equity Services Inc now owns 28,124 shares of the company’s stock worth $505,000 after buying an additional 1,304 shares during the period. Aperio Group LLC bought a new stake in Golar LNG during the first quarter worth approximately $547,000. Finally, ICM Asset Management Inc. WA bought a new stake in Golar LNG during the first quarter worth approximately $1,532,000. Institutional investors own 88.23% of the company’s stock.
About Golar LNG
Golar LNG Limited (Golar) is the owner and operator of liquefied natural gas (LNG) carriers and floating storage regasification units (FSRUs). As of March 31, 2010, Golar had a fleet of 13 vessels, 10 LNG carriers, three FSRUs and a 50% interest in a further LNG carrier. On June 22, 2009, the Company formed a wholly owned subsidiary, Golar LNG Energy Limited (Golar Energy).
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