Golar LNG (NASDAQ:GLNG) PT Lowered to $27.00 at Stifel Nicolaus
Golar LNG (NASDAQ:GLNG) had its target price decreased by Stifel Nicolaus from $30.00 to $27.00 in a report released on Wednesday morning, BenzingaRatingsTable reports. Stifel Nicolaus currently has a buy rating on the shipping company’s stock.
Several other analysts have also recently commented on the stock. ValuEngine upgraded shares of Golar LNG from a sell rating to a hold rating in a research note on Thursday, August 1st. TheStreet downgraded shares of Golar LNG from a c- rating to a d+ rating in a report on Friday, August 16th. Zacks Investment Research upgraded shares of Golar LNG from a hold rating to a buy rating and set a $22.00 target price for the company in a report on Monday, April 29th. BidaskClub downgraded shares of Golar LNG from a sell rating to a strong sell rating in a report on Thursday, August 8th. Finally, Cowen restated an outperform rating and set a $22.00 target price (down from $30.00) on shares of Golar LNG in a report on Tuesday, June 25th. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $31.11.
Shares of NASDAQ GLNG opened at $12.33 on Wednesday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89. Golar LNG has a 52 week low of $12.27 and a 52 week high of $30.29. The firm has a 50-day moving average price of $15.92 and a 200 day moving average price of $18.96.
About Golar LNG
Golar LNG Limited, a midstream liquefied natural gas (LNG) company, engages in the transportation, regasification, and liquefaction of LNG. It operates through three segments: Vessel operations, Floating Liquefaction Natural Gas Vessel (FLNG), and Power. The company engages in the acquisition, ownership, operation, and chartering of LNG carriers and floating storage regasification units (FSRUs); and the development of LNG projects.
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