Golar LNG Limited designs, builds, owns, and operates marine infrastructure for the liquefaction and regasification of LNG. It operates through Shipping and FLNG segments. The company engages in the operation and chartering of LNG carriers, Floating Liquefaction Natural Gas Vessel (FLNG), and floating storage regasification units (FSRUs), as well as operates external vessels. As of December 31, 2021, it operated nine LNG carriers, one FSRU, and three FLNGs. The company was founded in 1946 and is headquartered in Hamilton, Bermuda.
Analysts Set New Price Targets
Several research analysts recently commented on the company. Jefferies Financial Group began coverage on Golar LNG in a research note on Wednesday, April 27th. They set a "buy" rating for the company. Clarkson Capital reaffirmed a "buy" rating on shares of Golar LNG in a report on Tuesday, June 14th. StockNews.com upgraded shares of Golar LNG from a "sell" rating to a "hold" rating in a report on Tuesday, June 7th. Finally, B. Riley increased their price objective on shares of Golar LNG from $28.00 to $33.50 and gave the company a "buy" rating in a research report on Tuesday, May 31st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $26.25.
Golar LNG Stock Up 5.2 %
GLNG Stock opened at $27.19 on Friday. The stock has a market cap of $2.94 billion, a P/E ratio of 5.98 and a beta of 0.70. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.44. Golar LNG has a twelve month low of $10.01 and a twelve month high of $27.52. The company's 50 day moving average is $22.86 and its two-hundred day moving average is $21.58.
Golar LNG (NASDAQ:GLNG - Get Rating) last announced its quarterly earnings results on Thursday, May 26th. The shipping company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.25 by $0.09. Golar LNG had a net margin of 133.25% and a return on equity of 4.46%. The firm had revenue of $77.27 million for the quarter, compared to analyst estimates of $92.30 million. Research analysts expect that Golar LNG will post 0.99 earnings per share for the current fiscal year.