Golar LNG Ltd. (NASDAQ:GLNG) – Seaport Global Securities issued their FY2016 earnings per share estimates for Golar LNG in a research note issued on Wednesday. Seaport Global Securities analyst M. Fyhr expects that the firm will post earnings of ($1.93) per share for the year. Seaport Global Securities currently has a “Buy” rating and a $35.00 price target on the stock. Seaport Global Securities also issued estimates for Golar LNG’s Q1 2017 earnings at ($0.43) EPS, Q3 2017 earnings at ($0.39) EPS and FY2017 earnings at ($1.17) EPS.

GLNG has been the subject of several other reports. Jefferies Group reissued a “buy” rating on shares of Golar LNG in a report on Monday, August 1st. Morgan Stanley assumed coverage on Golar LNG in a report on Tuesday, September 6th. They issued a “buy” rating and a $30.00 price target for the company. Wells Fargo & Co. reissued a “buy” rating on shares of Golar LNG in a report on Wednesday, October 5th. Cowen and Company reduced their price target on Golar LNG from $57.00 to $45.00 and set an “outperform” rating for the company in a report on Thursday, October 20th. Finally, ABN Amro raised Golar LNG from a “sell” rating to a “hold” rating in a report on Monday, October 3rd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $27.78.

Earnings History and Estimates for Golar LNG (NASDAQ:GLNG)

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Golar LNG (NASDAQ:GLNG) opened at 24.50 on Monday. The firm’s market cap is $2.21 billion. The firm’s 50-day moving average price is $23.27 and its 200-day moving average price is $19.63. Golar LNG has a 1-year low of $9.42 and a 1-year high of $28.63.

COPYRIGHT VIOLATION WARNING: “Seaport Global Securities Comments on Golar LNG Ltd.’s FY2016 Earnings (GLNG)” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark legislation. The correct version of this report can be accessed at https://www.thecerbatgem.com/2016/11/28/seaport-global-securities-comments-on-golar-lng-ltd-s-fy2016-earnings-glng.html.

Large investors have recently bought and sold shares of the company. Fernwood Investment Management LLC boosted its stake in Golar LNG by 4.5% in the second quarter. Fernwood Investment Management LLC now owns 57,400 shares of the company’s stock valued at $890,000 after buying an additional 2,485 shares during the period. DIAM Co. Ltd. boosted its stake in Golar LNG by 29.7% in the second quarter. DIAM Co. Ltd. now owns 72,183 shares of the company’s stock valued at $1,178,000 after buying an additional 16,534 shares during the period. Emerald Acquisition Ltd. acquired a new stake in Golar LNG during the second quarter valued at about $227,000. Quantitative Investment Management LLC boosted its stake in Golar LNG by 143.8% in the second quarter. Quantitative Investment Management LLC now owns 65,100 shares of the company’s stock valued at $1,009,000 after buying an additional 38,400 shares during the period. Finally, Peak Asset Management LLC boosted its stake in Golar LNG by 18.2% in the second quarter. Peak Asset Management LLC now owns 81,586 shares of the company’s stock valued at $1,265,000 after buying an additional 12,579 shares during the period. Institutional investors and hedge funds own 88.10% of the company’s stock.

Golar LNG Company Profile

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).

5 Day Chart for NASDAQ:GLNG

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