Militia Capital Partners LP Takes $1.75 Million Position in Golar LNG Limited $GLNG

Militia Capital Partners LP acquired a new stake in Golar LNG Limited (NASDAQ:GLNG) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 43,398 shares of the shipping company’s stock, valued at approximately $1,754,000.

Other large investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its holdings in Golar LNG by 281.9% during the third quarter. Smartleaf Asset Management LLC now owns 909 shares of the shipping company’s stock valued at $37,000 after purchasing an additional 671 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Golar LNG by 43.5% during the 2nd quarter. Allworth Financial LP now owns 990 shares of the shipping company’s stock worth $41,000 after buying an additional 300 shares during the period. Crossingbridge Advisors LLC acquired a new position in Golar LNG in the 2nd quarter valued at $41,000. EverSource Wealth Advisors LLC grew its stake in Golar LNG by 94.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,356 shares of the shipping company’s stock valued at $56,000 after buying an additional 657 shares during the last quarter. Finally, State of Wyoming bought a new position in Golar LNG in the 2nd quarter worth $147,000. Institutional investors own 92.21% of the company’s stock.

Golar LNG Price Performance

Shares of Golar LNG stock opened at $44.86 on Tuesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.55 and a quick ratio of 1.32. Golar LNG Limited has a fifty-two week low of $29.56 and a fifty-two week high of $47.48. The firm has a fifty day moving average price of $42.46 and a two-hundred day moving average price of $40.20. The company has a market cap of $4.69 billion, a PE ratio of 70.09 and a beta of 0.18.

Golar LNG (NASDAQ:GLNG) last posted its quarterly earnings data on Wednesday, February 25th. The shipping company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.08). The company had revenue of $132.81 million for the quarter, compared to the consensus estimate of $123.29 million. Golar LNG had a return on equity of 6.24% and a net margin of 16.69%. Analysts expect that Golar LNG Limited will post 1.39 EPS for the current year.

Golar LNG Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Monday, March 9th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.2%. The ex-dividend date is Monday, March 9th. Golar LNG’s payout ratio is currently 156.25%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. BTIG Research boosted their target price on shares of Golar LNG from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Golar LNG in a research note on Monday, December 29th. Zacks Research raised Golar LNG from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. The Goldman Sachs Group set a $56.00 target price on Golar LNG in a research note on Monday, February 2nd. Finally, Wall Street Zen lowered Golar LNG from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Three analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Golar LNG has an average rating of “Buy” and a consensus target price of $50.50.

About Golar LNG

Golar LNG Ltd. is a leading owner and operator of liquefied natural gas (LNG) carriers and floating infrastructure. The company specializes in the transportation of LNG on long-term and spot charters for major energy firms around the world. In addition to shipping, Golar LNG has broadened its services to include project development and the conversion of existing carriers into Floating Liquefied Natural Gas (FLNG) and Floating Storage and Regasification Unit (FSRU) vessels.

Since pioneering the first purpose-built FLNG conversion project, Golar LNG has been at the forefront of offshore gas monetization.