NASDAQ:GLNG - Get Free Report ) hit a new 52-week high on Wednesday . The company traded as high as $26.00 and last traded at $26.00, with a volume of 150 shares trading hands. The stock had previously closed at $25.62.
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Analyst Upgrades and Downgrades Separately, StockNews.com lowered shares of Golar LNG from a "hold" rating to a "sell" rating in a research note on Thursday, April 25th.
Check Out Our Latest Analysis on Golar LNG
Golar LNG Stock Up 1.1 % The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.34. The company has a market cap of $2.71 billion, a price-to-earnings ratio of -59.77 and a beta of 0.62. The business has a fifty day moving average of $23.98 and a two-hundred day moving average of $22.75.
Golar LNG (NASDAQ:GLNG - Get Free Report ) last posted its quarterly earnings data on Thursday, February 29th. The shipping company reported $0.90 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.40. Golar LNG had a negative net margin of 15.68% and a positive return on equity of 11.67%. The company had revenue of $78.65 million during the quarter, compared to analysts' expectations of $76.85 million. As a group, equities analysts anticipate that Golar LNG Limited will post 1.65 EPS for the current fiscal year.
Golar LNG Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Tuesday, March 12th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date was Monday, March 11th. Golar LNG's dividend payout ratio is presently -232.56%.
Institutional Investors Weigh In On Golar LNG Several hedge funds and other institutional investors have recently made changes to their positions in GLNG. Kingswood Wealth Advisors LLC lifted its holdings in Golar LNG by 8.0% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 10,800 shares of the shipping company's stock valued at $248,000 after acquiring an additional 800 shares during the period. Rathbones Group PLC lifted its holdings in shares of Golar LNG by 2.7% during the 3rd quarter. Rathbones Group PLC now owns 41,090 shares of the shipping company's stock worth $997,000 after acquiring an additional 1,090 shares during the period. ProShare Advisors LLC raised its stake in shares of Golar LNG by 7.3% in the 1st quarter. ProShare Advisors LLC now owns 17,802 shares of the shipping company's stock valued at $428,000 after acquiring an additional 1,208 shares during the period. Intrust Bank NA raised its stake in shares of Golar LNG by 3.6% during the fourth quarter. Intrust Bank NA now owns 35,203 shares of the shipping company's stock valued at $809,000 after purchasing an additional 1,215 shares during the period. Finally, Quantbot Technologies LP lifted its holdings in Golar LNG by 3.6% in the 1st quarter. Quantbot Technologies LP now owns 49,286 shares of the shipping company's stock worth $1,186,000 after buying an additional 1,715 shares in the last quarter. Institutional investors and hedge funds 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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