Golar LNG Limited (NASDAQ:GLNG - Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 6,812,164 shares changed hands during trading, an increase of 313% from the previous session's volume of 1,648,291 shares.The stock last traded at $42.81 and had previously closed at $41.09.
Analyst Ratings Changes
GLNG has been the topic of a number of recent research reports. Fearnley Fonds upgraded Golar LNG from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. Wall Street Zen raised Golar LNG to a "sell" rating in a research note on Thursday, March 20th. Dnb Nor Markets upgraded shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. BTIG Research restated a "buy" rating on shares of Golar LNG in a report on Wednesday, May 28th. Finally, DNB Markets upgraded shares of Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 price objective for the company in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, five have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $50.88.
Check Out Our Latest Research Report on Golar LNG
Golar LNG Stock Performance
The company has a market cap of $4.33 billion, a price-to-earnings ratio of 1,381.83 and a beta of 0.57. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a fifty day simple moving average of $40.37 and a 200 day simple moving average of $39.61.
Golar LNG (NASDAQ:GLNG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 27th. The shipping company reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.09. Golar LNG had a return on equity of 6.82% and a net margin of 1.04%. The business had revenue of $63.00 million for the quarter, compared to analyst estimates of $64.90 million. On average, sell-side analysts expect that Golar LNG Limited will post 1.39 earnings per share for the current fiscal year.
Golar LNG Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Tuesday, June 3rd were given a $0.25 dividend. The ex-dividend date was Tuesday, June 3rd. This represents a $1.00 annualized dividend and a dividend yield of 2.42%. Golar LNG's dividend payout ratio is 3,333.33%.
Institutional Investors Weigh In On Golar LNG
Several hedge funds have recently made changes to their positions in the stock. Strs Ohio acquired a new position in Golar LNG in the 1st quarter valued at approximately $1,174,000. Intech Investment Management LLC raised its stake in shares of Golar LNG by 19.7% in the first quarter. Intech Investment Management LLC now owns 57,455 shares of the shipping company's stock valued at $2,183,000 after purchasing an additional 9,456 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in Golar LNG in the first quarter worth $44,682,000. Two Seas Capital LP acquired a new stake in Golar LNG during the first quarter worth $19,601,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Golar LNG by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,915 shares of the shipping company's stock worth $2,238,000 after buying an additional 2,572 shares in the last quarter. Institutional investors own 92.21% of the company's stock.
About Golar LNG
(
Get Free Report)
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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