Golar LNG (NASDAQ:GLNG) Sets New 52-Week High at $26.56

Golar LNG Limited (NASDAQ:GLNG - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $26.56 and last traded at $26.50, with a volume of 245460 shares. The stock had previously closed at $26.29.

Analysts Set New Price Targets

Separately, StockNews.com cut Golar LNG from a "hold" rating to a "sell" rating in a research note on Thursday, April 25th.

Golar LNG Price Performance

The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of -61.65 and a beta of 0.62. The stock's fifty day moving average price is $24.40 and its two-hundred day moving average price is $22.83. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.34.

Golar LNG (NASDAQ:GLNG - Get Free Report) last posted its quarterly earnings results on Thursday, February 29th. The shipping company reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.40. The company had revenue of $78.65 million for the quarter, compared to analysts' expectations of $76.85 million. Golar LNG had a positive return on equity of 11.67% and a negative net margin of 15.68%. Equities research analysts expect that Golar LNG Limited will post 1.65 EPS for the current year.

Golar LNG Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Tuesday, March 12th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend was Monday, March 11th. Golar LNG's dividend payout ratio (DPR) is -232.55%.

Institutional Trading of Golar LNG

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kingswood Wealth Advisors LLC raised its stake in Golar LNG by 8.0% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 10,800 shares of the shipping company's stock worth $248,000 after acquiring an additional 800 shares in the last quarter. Rathbones Group PLC grew its stake in 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 buying an additional 1,090 shares during the last quarter. ProShare Advisors LLC increased its position in Golar LNG by 7.3% during the first quarter. ProShare Advisors LLC now owns 17,802 shares of the shipping company's stock worth $428,000 after buying an additional 1,208 shares during the period. Intrust Bank NA lifted its stake in Golar LNG by 3.6% in the fourth quarter. Intrust Bank NA now owns 35,203 shares of the shipping company's stock valued at $809,000 after buying an additional 1,215 shares during the last quarter. Finally, Quantbot Technologies LP boosted its holdings in shares of Golar LNG by 3.6% in the first quarter. Quantbot Technologies LP now owns 49,286 shares of the shipping company's stock valued at $1,186,000 after acquiring an additional 1,715 shares during the period. Institutional investors and hedge funds own 92.21% of the company's stock.

Golar LNG Company Profile

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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