Golar LNG Limited, a midstream liquefied natural gas (LNG) company, engages in the transportation, regasification, and liquefaction of LNG. It operates through three segments: Vessel operations, Floating Liquefaction Natural Gas Vessel (FLNG), and Power. The company engages in the acquisition, ownership, operation, and chartering of LNG carriers and floating storage regasification units (FSRUs); and the development of LNG projects. As of April 6, 2018, Golar LNG Limited, together with Golar LNG Partners LP and Golar Power Limited, owned and operated a fleet of 26 vessels, including 18 LNG carriers, 7 FSRUs, and 1 FLNG. The company was founded in 1946 and is headquartered in Hamilton, Bermuda.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Water transportation
Sub-IndustryOil & Gas Storage & Transportation
SectorTransportation
Current SymbolNASDAQ:GLNG
Previous Symbol
CUSIPG9456A10
Phone441-295-4705
Debt
Debt-to-Equity Ratio0.83
Current Ratio0.62
Quick Ratio0.62
Price-To-Earnings
Trailing P/E Ratio-17.21
Forward P/E Ratio-24.55
P/E GrowthN/A
Sales & Book Value
Annual Sales$143.54 million
Price / Sales17.82
Cash FlowN/A
Price / Cash FlowN/A
Book Value$17.78 per share
Price / Book1.42
Profitability
EPS (Most Recent Fiscal Year)($1.47)
Net Income$-179,700,000.00
Net Margins27.87%
Return on Equity-4.34%
Return on Assets-1.65%
Miscellaneous
Employees180
Outstanding Shares101,120,000
Market Cap$2.52 billion
OptionableOptionable
Golar LNG (NASDAQ:GLNG) Frequently Asked Questions
What is Golar LNG's stock symbol?
Golar LNG trades on the NASDAQ under the ticker symbol "GLNG."
How often does Golar LNG pay dividends? What is the dividend yield for Golar LNG?
Golar LNG announced a quarterly dividend on Wednesday, November 7th. Stockholders of record on Friday, December 14th will be given a dividend of $0.15 per share on Thursday, January 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Thursday, December 13th. This is an increase from Golar LNG's previous quarterly dividend of $0.13. View Golar LNG's Dividend History.
How were Golar LNG's earnings last quarter?
Golar LNG Limited (NASDAQ:GLNG) announced its earnings results on Monday, November, 5th. The shipping company reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). The shipping company had revenue of $123.10 million for the quarter, compared to analyst estimates of $86.58 million. Golar LNG had a negative return on equity of 4.34% and a net margin of 27.87%. View Golar LNG's Earnings History.
When is Golar LNG's next earnings date?
What price target have analysts set for GLNG?
11 equities research analysts have issued twelve-month target prices for Golar LNG's stock. Their predictions range from $32.00 to $49.00. On average, they anticipate Golar LNG's stock price to reach $36.70 in the next year. This suggests a possible upside of 45.1% from the stock's current price. View Analyst Price Targets for Golar LNG.
What is the consensus analysts' recommendation for Golar LNG?
11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Golar LNG in the last year. There are currently 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Golar LNG.
What are Wall Street analysts saying about Golar LNG stock?
Here are some recent quotes from research analysts about Golar LNG stock:
- 1. According to Zacks Investment Research, "Golar LNG's fourth-quarter results are likely to get a boost on the back of improved shipping activity. Fourth-quarter TCE (Time Charter Equivalent) is expected in the band of $70,000 - $80,000, almost double the third quarter figure of $41,200. The company is already seeing a significant increase in free cash flow from the onset of Hilli Episeyo operation as well as other positive factors. We are also encouraged by the company's efforts to reward shareholders in the form of dividend payments. Recently, Golar LNG raised its dividend payment to 15 cents per share from the previous 12.5 cents. However, the company's high operating expenses are expected to dent bottom-line growth in the fourth quarter. Moreover, the shipping space is highly competitive and it can become a hindrance to growth. In fact, shares of the company have underperformed the industry it belongs to in the past six months." (11/29/2018)
- 2. Cowen Inc analysts commented, "We are updating our forward estimates based on management’s recent guidance for 7(a) loan originations in 2018 and that factor’s impact on our expectations for timing/size of a secondary offering, as well as modest adjustments to cost of capital from the recent securitization. We are maintaining our rating of NEWT shares at Outperform and raising our target price to $20/share (previously $19) based on what we expect to be a well-covered dividend in 2017 ($1.64/share) and expectations of dividend growth in 2018 (current projection of $1.76/share, though management guidance is only $1.69/share). Risk/reward: We believe the primary risk is a reduction in the gross premium paid for the SBA 7(a) guaranteed loans – though this premium has been very stable over the last 5 years. We believe the downside risk in NEWT shares is (28)%, with upside price return potential of +35%. See page 2 for our risk/reward analysis." (12/12/2017)
Has Golar LNG been receiving favorable news coverage?
Media stories about GLNG stock have trended somewhat positive this week, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Golar LNG earned a news impact score of 1.1 on InfoTrie's scale. They also assigned news headlines about the shipping company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the near future.
Who are some of Golar LNG's key competitors?
Some companies that are related to Golar LNG include Kirby (KEX), GasLog (GLOG), Matson (MATX), Teekay Lng Partners (TGP), Golden Ocean Group (GOGL), GasLog Partners LP Unit (GLOP), Golar LNG Partners (GMLP), Teekay Offshore Partners (TOO), KNOT Offshore Partners (KNOP), Tidewater (TDW), Hoegh LNG Partners (HMLP), International Seaways (INSW), Nordic American Tanker (NAT), Teekay Tankers (TNK) and Dynagas LNG Partners (DLNG).
Who are Golar LNG's key executives?
Golar LNG's management team includes the folowing people:
- Mr. Iain Ross, Chief Exec. Officer of Golar Management Ltd (Age 56)
- Mr. Graham Robjohns, Deputy CEO & CFO of Golar Management Ltd. (Age 53)
- Mr. Ãistein Dahl, Chief Operating Officer of Golar Management Ltd. (Age 57)
- Mr. Michael Ashford, Company Sec. & Director (Age 71)
- Stuart Buchanan, Head of Investor Relations
Who are Golar LNG's major shareholders?
Golar LNG's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include FMR LLC (8.99%), BlackRock Inc. (4.49%), Morgan Stanley (3.28%), Capital World Investors (3.05%), BlueMountain Capital Management LLC (2.06%) and Trafelet Brokaw Capital Management L.P. (1.24%).
Which major investors are selling Golar LNG stock?
GLNG stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, FMR LLC, Wells Fargo & Company MN, Perella Weinberg Partners Capital Management LP, Gilder Gagnon Howe & Co. LLC, JPMorgan Chase & Co., JPMorgan Chase & Co. and Morgan Stanley.
Which major investors are buying Golar LNG stock?
GLNG stock was purchased by a variety of institutional investors in the last quarter, including Capital World Investors, BlueMountain Capital Management LLC, Point72 Asset Management L.P., Renaissance Technologies LLC, DNB Asset Management AS, Marshall Wace LLP, Trafelet Brokaw Capital Management L.P. and Capital Fund Management S.A..
How do I buy shares of Golar LNG?
Shares of GLNG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Golar LNG's stock price today?
One share of GLNG stock can currently be purchased for approximately $25.29.
How big of a company is Golar LNG?
Golar LNG has a market capitalization of $2.52 billion and generates $143.54 million in revenue each year. The shipping company earns $-179,700,000.00 in net income (profit) each year or ($1.47) on an earnings per share basis. Golar LNG employs 180 workers across the globe.
What is Golar LNG's official website?
How can I contact Golar LNG?
Golar LNG's mailing address is 2ND FLOOR S.E. PEARMAN BUILDING 9 PAR-LA-VILLE ROAD, HAMILTON D0, HM 11. The shipping company can be reached via phone at 441-295-4705 or via email at [email protected]
MarketBeat Community Rating for Golar LNG (NASDAQ GLNG)
MarketBeat's community ratings are surveys of what our community members think about Golar LNG and other stocks. Vote "Outperform" if you believe GLNG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GLNG will underperform the S&P 500 over the long term. You may vote once every thirty days.
