Golar LNG Limited (NASDAQ:GLNG) has been assigned an average rating of “Buy” from the fourteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $35.17.

Several equities research analysts have recently issued reports on GLNG shares. Zacks Investment Research downgraded shares of Golar LNG Limited from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th. Stifel Nicolaus reissued a “buy” rating and set a $36.00 price objective on shares of Golar LNG Limited in a research report on Wednesday, July 5th. Cowen and Company reissued an “outperform” rating and set a $45.00 price objective on shares of Golar LNG Limited in a research report on Friday, June 23rd. Morgan Stanley reissued an “overweight” rating and set a $32.00 price objective (down previously from $36.00) on shares of Golar LNG Limited in a research report on Tuesday, June 13th. Finally, Citigroup Inc. reissued a “buy” rating and set a $28.00 price objective (down previously from $29.00) on shares of Golar LNG Limited in a research report on Thursday, June 1st.

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Golar LNG Limited (GLNG) traded down 1.55% during trading on Tuesday, hitting $20.26. 1,124,030 shares of the stock traded hands. The company’s 50 day moving average is $22.69 and its 200 day moving average is $25.34. Golar LNG Limited has a one year low of $18.63 and a one year high of $29.18. The company’s market capitalization is $1.99 billion.

Golar LNG Limited (NASDAQ:GLNG) last issued its quarterly earnings data on Wednesday, May 31st. The shipping company reported ($0.41) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.38) by $0.03. Golar LNG Limited had a negative return on equity of 7.51% and a negative net margin of 228.55%. The company had revenue of $25.11 million for the quarter, compared to the consensus estimate of $17.62 million. On average, equities analysts forecast that Golar LNG Limited will post ($1.45) EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank increased its position in Golar LNG Limited by 1.1% in the first quarter. Comerica Bank now owns 9,250 shares of the shipping company’s stock worth $239,000 after buying an additional 105 shares during the period. Amalgamated Bank increased its position in Golar LNG Limited by 1.0% in the second quarter. Amalgamated Bank now owns 12,181 shares of the shipping company’s stock worth $271,000 after buying an additional 118 shares during the period. Principal Financial Group Inc. increased its position in Golar LNG Limited by 2.5% in the second quarter. Principal Financial Group Inc. now owns 11,939 shares of the shipping company’s stock worth $266,000 after buying an additional 292 shares during the period. Loomis Sayles & Co. L P increased its position in Golar LNG Limited by 1.7% in the first quarter. Loomis Sayles & Co. L P now owns 18,906 shares of the shipping company’s stock worth $528,000 after buying an additional 319 shares during the period. Finally, Fernwood Investment Management LLC increased its position in Golar LNG Limited by 0.6% in the first quarter. Fernwood Investment Management LLC now owns 78,050 shares of the shipping company’s stock worth $2,180,000 after buying an additional 450 shares during the period. 88.96% of the stock is owned by institutional investors and hedge funds.

Golar LNG Limited Company Profile

Golar LNG Limited is a midstream liquefied natural gas (LNG) company engaged primarily in the transportation, regasification, liquefaction and trading of LNG. The Company is engaged in the acquisition, ownership, operation and chartering of LNG carriers and Floating Storage Regasification Unit (FSRUs) through its subsidiaries and affiliates, and the development of LNG projects, such as floating LNGs (FLNGs).

Analyst Recommendations for Golar LNG Limited (NASDAQ:GLNG)

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