Golar LNG (NASDAQ:GLNG) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

Several other equities analysts have also issued reports on the stock. Morgan Stanley lifted their price target on shares of Golar LNG from $32.00 to $36.00 and gave the stock an “equal weight” rating in a report on Monday. Zacks Investment Research lowered shares of Golar LNG from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. Jefferies Group began coverage on shares of Golar LNG in a report on Monday, December 18th. They issued a “buy” rating and a $39.00 price target on the stock. Cowen lifted their price target on shares of Golar LNG from $41.00 to $44.00 and gave the stock an “outperform” rating in a report on Tuesday, December 12th. Finally, ABN Amro raised shares of Golar LNG from a “hold” rating to a “buy” rating in a report on Monday, October 30th. Two analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $36.00.

Golar LNG (NASDAQ:GLNG) opened at $28.79 on Thursday. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.77. Golar LNG has a 1-year low of $19.32 and a 1-year high of $31.64. The stock has a market cap of $2,910.00, a price-to-earnings ratio of -15.48, a price-to-earnings-growth ratio of 16.74 and a beta of 0.76.

Golar LNG (NASDAQ:GLNG) last released its quarterly earnings results on Thursday, November 30th. The shipping company reported ($0.43) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.36) by ($0.07). Golar LNG had a negative return on equity of 9.15% and a negative net margin of 180.90%. The firm had revenue of $32.43 million during the quarter, compared to analysts’ expectations of $24.04 million. sell-side analysts anticipate that Golar LNG will post -1.84 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Golar LNG by 0.3% during the fourth quarter. BlackRock Inc. now owns 4,382,377 shares of the shipping company’s stock valued at $130,638,000 after buying an additional 11,409 shares during the last quarter. Alyeska Investment Group L.P. grew its holdings in shares of Golar LNG by 17.6% during the third quarter. Alyeska Investment Group L.P. now owns 2,356,050 shares of the shipping company’s stock valued at $53,270,000 after buying an additional 353,089 shares during the last quarter. HITE Hedge Asset Management LLC grew its holdings in shares of Golar LNG by 15.1% during the third quarter. HITE Hedge Asset Management LLC now owns 1,803,869 shares of the shipping company’s stock valued at $40,785,000 after buying an additional 236,376 shares during the last quarter. Ascend Capital LLC grew its holdings in shares of Golar LNG by 67.5% during the fourth quarter. Ascend Capital LLC now owns 1,737,895 shares of the shipping company’s stock valued at $51,807,000 after buying an additional 700,436 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Golar LNG by 6.2% during 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 last quarter. 84.55% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: “BidaskClub Upgrades Golar LNG (GLNG) to “Hold”” was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another publication, it was copied illegally and republished in violation of US and international trademark & copyright legislation. The original version of this piece can be read at https://www.thecerbatgem.com/2018/02/15/bidaskclub-upgrades-golar-lng-glng-to-hold.html.

About Golar LNG

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 (NASDAQ:GLNG)

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.com's FREE daily email newsletter.