Golar LNG Limited (GLNG) - What Are Analysts Saying About This Stock?

Key Points

• Analyst sentiment is positive: Six firms give Golar LNG an average “Buy” rating, with a consensus 12-month price target of $68.67.
• Pareto Securities and Weiss Ratings upgraded the stock to “Buy,” while BTIG raised its price target to $75 from $70 and maintained a “Buy” rating.
• Golar LNG pays a quarterly dividend of $0.25, equivalent to $1 annually and a 2.3% yield. Institutional investors own 92.21% of the company’s shares.

Golar LNG Limited (NASDAQ:GLNG - Get Free Report) has received an average rating of "Buy" from the six ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $68.67.

GLNG has been the topic of several recent analyst reports. Pareto Securities raised Golar LNG from a "hold" rating to a "buy" rating in a report on Monday, August 24th. BTIG Research increased their price target on Golar LNG from $70.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday, September 24th. Finally, Weiss Ratings upgraded Golar LNG from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, October 8th.

Golar LNG Stock Up 1.3%

GLNG stock opened at $43.63 on Tuesday. Golar LNG has a 52 week low of $35.02 and a 52 week high of $57.79. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of 27.27 and a beta of 0.15. The firm's 50-day moving average is $48.29 and its two-hundred day moving average is $49.42. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 1.11.

Golar LNG Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Monday, August 24th were issued a $0.25 dividend. The ex-dividend date was Monday, August 24th. This represents a $1.00 annualized dividend and a dividend yield of 2.3%. Golar LNG's dividend payout ratio is 62.50%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Verbena Value LP raised its position in Golar LNG by 17.0% in the first quarter. Verbena Value LP now owns 1,210,402 shares of the shipping company's stock worth $65,495,000 after acquiring an additional 175,802 shares in the last quarter. Rokos Capital Management LLP bought a new position in shares of Golar LNG during the 1st quarter valued at about $63,293,000. Danske Bank A S boosted its position in shares of Golar LNG by 114.3% during the 3rd quarter. Danske Bank A S now owns 1,200,000 shares of the shipping company's stock valued at $57,024,000 after purchasing an additional 640,000 shares in the last quarter. Pinnacle Associates Ltd. boosted its position in shares of Golar LNG by 2.2% during the 3rd quarter. Pinnacle Associates Ltd. now owns 915,619 shares of the shipping company's stock valued at $43,510,000 after purchasing an additional 20,131 shares in the last quarter. Finally, BROOKFIELD Corp ON grew its stake in shares of Golar LNG by 12.8% in the 1st quarter. BROOKFIELD Corp ON now owns 789,859 shares of the shipping company's stock worth $42,739,000 after purchasing an additional 89,512 shares during the last quarter. Institutional investors own 92.21% of the company's stock.

About Golar LNG

Golar LNG Limited is an international provider of liquefied natural gas (LNG) infrastructure, with a primary focus on floating LNG (FLNG) technology. The company develops and operates floating facilities that process natural gas offshore and convert it into LNG for transport to customers.

Its business includes FLNG vessel ownership and operations, along with related project development and infrastructure services. By locating liquefaction facilities near offshore gas resources, Golar aims to help bring gas reserves to market without relying solely on onshore processing plants.

Golar traces its history to 1946 and has long been involved in the LNG shipping industry.

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