Golar LNG (NASDAQ:GLNG) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Thursday, Analyst Ratings Network reports. They currently have a $37.20 target price on the stock. Zacks‘ price target suggests a potential downside of 5.10% from the stock’s previous close.
GLNG has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “buy” rating on shares of Golar LNG (NASDAQ:GLNG) in a research note to investors on Friday, August 30th. They now have a $46.00 price target on the stock, down previously from $47.00. Separately, analysts at Goldman Sachs Group Inc. upgraded shares of Golar LNG (NASDAQ:GLNG) from a “sell” rating to a “neutral” rating in a research note to investors on Friday, July 5th. Finally, analysts at ABG Sundal Collier reiterated a “sell” rating on shares of Golar LNG (NASDAQ:GLNG) in a research note to investors on Friday, July 5th. They now have a $29.00 price target on the stock, down previously from $33.00. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $38.84.
Golar LNG (NASDAQ:GLNG) traded down 3.24% on Thursday, hitting $37.93. The stock had a trading volume of 311,776 shares. Golar LNG has a one year low of $30.51 and a one year high of $43.56. The stock has a 50-day moving average of $37. and a 200-day moving average of $35.44. The company has a market cap of $3.054 billion and a price-to-earnings ratio of 2.96.
Golar LNG (NASDAQ:GLNG) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.74 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.23 by $0.51. On average, analysts predict that Golar LNG will post $1.06 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 26th. Investors of record on Friday, September 13th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend is Wednesday, September 11th.
Golar LNG Limited (NASDAQ:GLNG) is the owner and operator of liquefied natural gas (LNG) carriers and floating storage regasification units (FSRUs).
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