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.

Several hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC grew its holdings in shares of Golar LNG by 7.6% during the first quarter. FMR LLC now owns 7,966,210 shares of the shipping company’s stock worth $168,007,000 after buying an additional 560,753 shares in the last quarter. Steinberg Asset Management LLC grew its holdings in shares of Golar LNG by 2.6% during the second quarter. Steinberg Asset Management LLC now owns 1,685,500 shares of the shipping company’s stock worth $31,148,000 after buying an additional 43,190 shares in the last quarter. Federated Investors Inc. PA grew its holdings in shares of Golar LNG by 4.5% during the first quarter. Federated Investors Inc. PA now owns 1,313,841 shares of the shipping company’s stock worth $27,709,000 after buying an additional 56,702 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Golar LNG by 150.6% during the second quarter. Nuveen Asset Management LLC now owns 1,176,892 shares of the shipping company’s stock worth $21,750,000 after buying an additional 707,256 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. purchased a new stake in shares of Golar LNG during the first quarter worth about $24,566,000. Institutional investors and hedge funds own 67.80% of the company’s stock.

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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Analyst Recommendations for Golar LNG (NASDAQ:GLNG)

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