Militia Capital Management LLC Takes Position in Golar LNG Limited $GLNG

Militia Capital Management LLC purchased a new position in Golar LNG Limited (NASDAQ:GLNG) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 30,000 shares of the shipping company’s stock, valued at approximately $1,623,000.

Several other large investors also recently modified their holdings of GLNG. AdvisorNet Financial Inc increased its position in Golar LNG by 108.5% during the first quarter. AdvisorNet Financial Inc now owns 515 shares of the shipping company’s stock valued at $28,000 after acquiring an additional 268 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in Golar LNG by 6.4% in the fourth quarter. State of Alaska Department of Revenue now owns 4,540 shares of the shipping company’s stock valued at $168,000 after acquiring an additional 274 shares during the period. Franklin Resources Inc. boosted its position in Golar LNG by 2.2% in the fourth quarter. Franklin Resources Inc. now owns 16,707 shares of the shipping company’s stock worth $622,000 after purchasing an additional 359 shares during the last quarter. State of Wyoming boosted its position in Golar LNG by 12.7% in the fourth quarter. State of Wyoming now owns 3,878 shares of the shipping company’s stock worth $144,000 after purchasing an additional 436 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Golar LNG by 2.8% during the 2nd quarter. Legal & General Group Plc now owns 17,100 shares of the shipping company’s stock valued at $704,000 after purchasing an additional 459 shares during the period. Institutional investors own 92.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GLNG. BTIG Research reaffirmed a “buy” rating and set a $67.00 price target on shares of Golar LNG in a research report on Wednesday, May 20th. Pareto Securities downgraded shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Wall Street Zen lowered shares of Golar LNG from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. The Goldman Sachs Group set a $66.00 target price on shares of Golar LNG and gave the company a “conviction-buy” rating in a report on Tuesday, July 7th. Finally, Weiss Ratings upgraded shares of Golar LNG from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $58.70.

Golar LNG Stock Performance

NASDAQ:GLNG opened at $49.73 on Thursday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.57 and a current ratio of 2.57. The stock has a 50-day simple moving average of $51.09 and a two-hundred day simple moving average of $48.60. The firm has a market capitalization of $5.04 billion, a PE ratio of 36.04 and a beta of 0.02. Golar LNG Limited has a 52-week low of $35.02 and a 52-week high of $57.79.

Golar LNG (NASDAQ:GLNG) last posted its quarterly earnings data on Thursday, March 26th. The shipping company reported $0.82 EPS for the quarter. Golar LNG had a return on equity of 6.86% and a net margin of 30.10%.The firm had revenue of $137.55 million for the quarter. Analysts forecast that Golar LNG Limited will post 0.72 EPS for the current year.

Golar LNG Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Monday, June 1st were paid a dividend of $0.25 per share. The ex-dividend date was Monday, June 1st. This represents a $1.00 dividend on an annualized basis and a yield of 2.0%. Golar LNG’s dividend payout ratio (DPR) is presently 72.46%.

About Golar LNG

Golar LNG Ltd. is a leading owner and operator of liquefied natural gas (LNG) carriers and floating infrastructure. The company specializes in the transportation of LNG on long-term and spot charters for major energy firms around the world. In addition to shipping, Golar LNG has broadened its services to include project development and the conversion of existing carriers into Floating Liquefied Natural Gas (FLNG) and Floating Storage and Regasification Unit (FSRU) vessels.

Since pioneering the first purpose-built FLNG conversion project, Golar LNG has been at the forefront of offshore gas monetization.