Golar LNG (NASDAQ:GLNG) Raised to "Hold" at Wall Street Zen

Key Points

• Golar LNG has been upgraded from a "sell" rating to a "hold" rating by Wall Street Zen, reflecting a shift in analyst sentiment towards the stock.
• The stock currently has a consensus rating of "Buy" and a target price of $53.00, with several analysts offering "buy" and "strong buy" ratings.
• Golar LNG's recent earnings report showed an EPS of $0.26, which missed the consensus estimate, raising concerns about the company's revenue performance.

Golar LNG (NASDAQ:GLNG - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

GLNG has been the topic of several other reports. BTIG Research reiterated a "buy" rating on shares of Golar LNG in a research note on Wednesday, May 28th. DNB Markets raised shares of Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 target price on the stock in a report on Tuesday, April 22nd. Finally, Dnb Nor Markets raised shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $53.00.

Golar LNG Stock Up 0.1%

Golar LNG stock opened at $40.41 on Friday. Golar LNG has a twelve month low of $29.56 and a twelve month high of $44.36. The firm has a 50 day moving average price of $41.14 and a 200-day moving average price of $39.34. The company has a market capitalization of $4.22 billion, a P/E ratio of -577.20 and a beta of 0.56. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.38.

Golar LNG (NASDAQ:GLNG - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The shipping company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.03). The business had revenue of $75.67 million during the quarter, compared to the consensus estimate of $79.37 million. Golar LNG had a positive return on equity of 6.25% and a negative net margin of 2.83%. As a group, equities analysts predict that Golar LNG will post 1.39 EPS for the current year.

Institutional Trading of Golar LNG

Several large investors have recently added to or reduced their stakes in GLNG. Hexagon Capital Partners LLC boosted its position in shares of Golar LNG by 358.9% in the first quarter. Hexagon Capital Partners LLC now owns 647 shares of the shipping company's stock worth $25,000 after purchasing an additional 506 shares during the period. Quarry LP bought a new position in shares of Golar LNG in the first quarter worth approximately $26,000. SVB Wealth LLC purchased a new position in shares of Golar LNG in the first quarter worth $31,000. Signaturefd LLC lifted its holdings in shares of Golar LNG by 64.6% in the second quarter. Signaturefd LLC now owns 856 shares of the shipping company's stock worth $35,000 after buying an additional 336 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Golar LNG by 43.5% in the second quarter. Allworth Financial LP now owns 990 shares of the shipping company's stock worth $41,000 after buying an additional 300 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors.

About Golar LNG

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.

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