Golar LNG (NASDAQ:GLNG – Get Free Report) is scheduled to announce its earnings results before the market opens on Thursday, February 29th. Analysts expect the company to announce earnings of $0.50 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.
Golar LNG Trading Down 0.5 %
NASDAQ:GLNG opened at $21.15 on Tuesday. Golar LNG has a 12 month low of $19.62 and a 12 month high of $25.06. The business’s 50-day moving average is $22.26 and its 200 day moving average is $22.42.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded Golar LNG from a “sell” rating to a “hold” rating in a research report on Tuesday, February 20th.
Institutional Investors Weigh In On Golar LNG
Several hedge funds and other institutional investors have recently modified their holdings of GLNG. Bell Investment Advisors Inc grew its stake in Golar LNG by 251.7% in the fourth quarter. Bell Investment Advisors Inc now owns 1,421 shares of the shipping company’s stock worth $33,000 after purchasing an additional 1,017 shares in the last quarter. Amundi purchased a new stake in shares of Golar LNG during the fourth quarter worth about $34,000. Cohanzick Management LLC purchased a new stake in shares of Golar LNG during the first quarter worth about $37,000. Sunbelt Securities Inc. grew its stake in shares of Golar LNG by 481.8% during the second quarter. Sunbelt Securities Inc. now owns 2,327 shares of the shipping company’s stock worth $47,000 after acquiring an additional 1,927 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in shares of Golar LNG during the second quarter worth about $52,000. 89.67% of the stock is currently owned by hedge funds and other institutional investors.
Golar LNG Company Profile
Golar LNG Limited designs, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It also engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels; operation of the transportation of LNG carriers; and vessel management.
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