Golar LNG (NASDAQ:GLNG) PT Lowered to $27.00 at Stifel Nicolaus

Share on StockTwits

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.

Featured Article: What are retained earnings?

Analyst Recommendations for Golar LNG (NASDAQ:GLNG)

Receive News & Ratings for Golar LNG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golar LNG and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

LegacyTexas Financial Group  Raised to Buy at BidaskClub
LegacyTexas Financial Group Raised to Buy at BidaskClub
Adverum Biotechnologies  PT Lowered to $8.00 at SunTrust Banks
Adverum Biotechnologies PT Lowered to $8.00 at SunTrust Banks
Johnson Outdoors  Raised to Sell at BidaskClub
Johnson Outdoors Raised to Sell at BidaskClub
Broadcom’s  Buy Rating Reaffirmed at Mizuho
Broadcom’s Buy Rating Reaffirmed at Mizuho
Pioneer Energy Services  Lowered to Sell at Zacks Investment Research
Pioneer Energy Services Lowered to Sell at Zacks Investment Research
Nice  Downgraded by BidaskClub
Nice Downgraded by BidaskClub


 
© 2006-2019 Zolmax.