2 weeks Ago By ABMN Staff
Shares of Golar LNG Limited ( NASDAQ:GLNG – Get Free Report ) hit a new 52-week high on Friday . The company traded as high as $36.73 and last traded at $36.
55, with a volume of 44398 shares trading hands. The stock had previously closed at $35.59.
Wall Street Analysts Forecast Growth Several equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Golar LNG from $43.00 to $56.
00 and gave the company a “buy” rating in a research note on Friday, August 16th. StockNews.com upgraded shares of Golar LNG to a “sell” rating in a research note on Thursday, September 19th.
BTIG Research raised their target price on shares of Golar LNG from $36.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th.
B. Riley lifted their price target on shares of Golar LNG from $35.50 to $44.
50 and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, Stifel Nicolaus decreased their price objective on Golar LNG from $55.00 to $53.
00 and set a “buy” rating for the company in a report on Friday, August 16th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Golar LNG currently has an average rating of “Moderate Buy” and a consensus price target of $49.
63. Get Our Latest Report on Golar LNG Golar LNG Stock Up 5.4 % Golar LNG ( NASDAQ:GLNG – Get Free Report ) last issued its earnings results on Thursday, August 15th.
The shipping company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.
02). Golar LNG had a return on equity of 9.20% and a net margin of 50.
89%. The company had revenue of $62.98 million during the quarter, compared to analysts’ expectations of $67.
38 million. As a group, equities analysts predict that Golar LNG Limited will post 1.56 earnings per share for the current year.
Golar LNG Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were given a $0.25 dividend.
The ex-dividend date of this dividend was Monday, August 26th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.
67%. Golar LNG’s dividend payout ratio (DPR) is currently 95.24%.
Hedge Funds Weigh In On Golar LNG A number of hedge funds have recently bought and sold shares of the business. Lowe Wealth Advisors LLC purchased a new position in Golar LNG during the second quarter valued at $45,000. EverSource Wealth Advisors LLC raised its position in shares of Golar LNG by 206.
2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,727 shares of the shipping company’s stock worth $54,000 after purchasing an additional 1,163 shares during the last quarter. Quarry LP lifted its stake in Golar LNG by 1,559.
3% in the 2nd quarter. Quarry LP now owns 2,323 shares of the shipping company’s stock valued at $73,000 after buying an additional 2,183 shares in the last quarter. Banque Cantonale Vaudoise boosted its holdings in Golar LNG by 11.
1% in the 2nd quarter. Banque Cantonale Vaudoise now owns 4,185 shares of the shipping company’s stock worth $132,000 after buying an additional 417 shares during the last quarter. Finally, Lake Hills Wealth Management LLC purchased a new stake in Golar LNG during the 2nd quarter worth approximately $212,000.
Hedge funds and other institutional investors own 92.21% of the company’s stock. About Golar LNG ( Get Free Report ) 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. Recommended Stories Receive News & Ratings for Golar LNG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golar LNG and related companies with MarketBeat.
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