Shares of Golar LNG Limited (NASDAQ:GLNG) have received an average recommendation of “Hold” from the fourteen analysts that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $34.67.

Several research analysts have weighed in on the company. Zacks Investment Research raised Golar LNG Limited from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Citigroup Inc. reissued a “buy” rating and issued a $28.00 price objective (down previously from $29.00) on shares of Golar LNG Limited in a research report on Thursday, June 1st. Stifel Nicolaus reissued a “buy” rating and issued a $36.00 price objective on shares of Golar LNG Limited in a research report on Wednesday, July 5th. Morgan Stanley reissued an “overweight” rating and issued 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, BidaskClub cut Golar LNG Limited from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 10th.

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Several institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC raised its stake in shares of Golar LNG Limited by 1.0% in the first quarter. FMR LLC now owns 10,103,929 shares of the shipping company’s stock valued at $282,203,000 after buying an additional 97,466 shares during the period. Prudential PLC raised its stake in shares of Golar LNG Limited by 2.3% in the second quarter. Prudential PLC now owns 1,821,946 shares of the shipping company’s stock valued at $40,538,000 after buying an additional 40,946 shares during the period. State Street Corp raised its stake in shares of Golar LNG Limited by 6.2% in the second quarter. State Street Corp now owns 1,734,953 shares of the shipping company’s stock valued at $38,608,000 after buying an additional 101,007 shares during the period. HITE Hedge Asset Management LLC raised its stake in shares of Golar LNG Limited by 79.3% in the second quarter. HITE Hedge Asset Management LLC now owns 1,567,493 shares of the shipping company’s stock valued at $34,877,000 after buying an additional 693,185 shares during the period. Finally, Balyasny Asset Management LLC raised its stake in shares of Golar LNG Limited by 35.1% in the second quarter. Balyasny Asset Management LLC now owns 1,136,056 shares of the shipping company’s stock valued at $25,277,000 after buying an additional 295,073 shares during the period. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Golar LNG Limited (GLNG) traded up 0.85% during midday trading on Wednesday, reaching $22.45. The company had a trading volume of 1,166,472 shares. The stock’s 50 day moving average is $21.24 and its 200 day moving average is $24.18. The firm’s market capitalization is $2.20 billion. Golar LNG Limited has a 12-month low of $19.85 and a 12-month high of $29.18.

Golar LNG Limited (NASDAQ:GLNG) last posted its quarterly earnings data on Wednesday, August 30th. The shipping company reported ($0.51) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.40) by ($0.11). Golar LNG Limited had a negative return on equity of 7.78% and a negative net margin of 179.35%. The business had revenue of $28.41 million during the quarter, compared to analysts’ expectations of $17.03 million. Equities research analysts expect that Golar LNG Limited will post ($1.90) earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Thursday, September 14th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.89%.

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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