Golar LNG Limited (NASDAQ:GLNG) Given Consensus Recommendation of “Moderate Buy” by Analysts

Golar LNG Limited (NASDAQ:GLNG) has been given a consensus rating of “Moderate Buy” by the five research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $49.63.

A number of equities analysts have commented on the stock. Fearnley Fonds downgraded shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Golar LNG from $43.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, August 16th. StockNews.com raised shares of Golar LNG to a “sell” rating in a report on Wednesday, November 13th. Finally, Stifel Nicolaus decreased their price objective on Golar LNG from $55.00 to $53.00 and set a “buy” rating for the company in a report on Friday, August 16th.

Institutional Investors Weigh In On Golar LNG

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio purchased a new position in Golar LNG in the 3rd quarter worth $32,000. Lowe Wealth Advisors LLC purchased a new position in shares of Golar LNG in the second quarter worth about $45,000. Blue Trust Inc. lifted its holdings in shares of Golar LNG by 105.1% during the third quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company’s stock worth $50,000 after purchasing an additional 703 shares during the period. Sound Income Strategies LLC acquired a new position in Golar LNG in the 3rd quarter worth approximately $52,000. Finally, EverSource Wealth Advisors LLC raised its position in Golar LNG by 206.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,727 shares of the shipping company’s stock worth $54,000 after buying an additional 1,163 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Golar LNG Trading Up 1.3 %

Shares of NASDAQ:GLNG opened at $34.90 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.28 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $3.64 billion, a PE ratio of 26.04 and a beta of 0.58. Golar LNG has a 12-month low of $19.94 and a 12-month high of $39.40. The business’s fifty day simple moving average is $36.31 and its 200-day simple moving average is $32.63.

Golar LNG Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 25th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $1.00 dividend on an annualized basis and a yield of 2.87%. Golar LNG’s payout ratio is 74.63%.

Golar LNG Company Profile

Golar LNG Limited designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels or projects; transportation of LNG carriers; and vessel management activities.