Golar LNG (NASDAQ:GLNG – Get Free Report) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Thursday.
Golar LNG Stock Performance
Shares of Golar LNG stock opened at $25.10 on Thursday. The firm has a market capitalization of $2.62 billion, a P/E ratio of -58.37 and a beta of 0.61. Golar LNG has a 52 week low of $19.62 and a 52 week high of $25.90. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.34. The firm’s 50 day moving average is $23.46 and its two-hundred day moving average is $22.72.
Golar LNG (NASDAQ:GLNG – Get Free Report) last announced its quarterly earnings results on Thursday, February 29th. The shipping company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.50 by $0.40. The company had revenue of $78.65 million for the quarter, compared to analyst estimates of $76.85 million. Golar LNG had a negative net margin of 15.68% and a positive return on equity of 11.67%. Research analysts forecast that Golar LNG will post 1.66 EPS for the current fiscal year.
Hedge Funds Weigh In On Golar LNG
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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