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
SymbolNASDAQ:GLNG
CUSIPG9456A10
Phone441-295-4705
Debt
Debt-to-Equity Ratio1.01
Current Ratio0.62
Quick Ratio0.62
Price-To-Earnings
Trailing P/E Ratio-18.49
Forward P/E Ratio-24.49
P/E GrowthN/A
Sales & Book Value
Annual Sales$143.54 million
Price / Sales19.15
Cash FlowN/A
Price / CashN/A
Book Value$17.78 per share
Price / Book1.53
Profitability
EPS (Most Recent Fiscal Year)($1.47)
Net Income$-179,700,000.00
Net Margins-11.47%
Return on Equity-6.37%
Return on Assets-2.37%
Miscellaneous
Employees180
Outstanding Shares101,120,000
Market Cap$2.67 billion
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 Thursday, August 23rd. Shareholders of record on Thursday, September 6th will be given a dividend of $0.125 per share on Wednesday, October 3rd. This represents a $0.50 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Wednesday, September 5th. This is an increase from Golar LNG's previous quarterly dividend of $0.05. View Golar LNG's Dividend History.
How were Golar LNG's earnings last quarter?
Golar LNG Limited (NASDAQ:GLNG) announced its quarterly earnings results on Thursday, August, 23rd. The shipping company reported ($0.38) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.19) by $0.19. The shipping company had revenue of $59.37 million for the quarter, compared to the consensus estimate of $63.15 million. Golar LNG had a negative net margin of 11.47% and a negative return on equity of 6.37%. View Golar LNG's Earnings History.
When is Golar LNG's next earnings date?
What price target have analysts set for GLNG?
9 analysts have issued 12-month price objectives for Golar LNG's shares. Their forecasts range from $30.00 to $49.00. On average, they expect Golar LNG's share price to reach $36.50 in the next year. This suggests a possible upside of 34.3% from the stock's current price. View Analyst Price Targets for Golar LNG.
What is the consensus analysts' recommendation for Golar LNG?
9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Golar LNG in the last year. There are currently 1 hold rating and 8 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 is expected to benefit from commencement of the Hilli Episeyo. The company's third-quarter results are likely to get a boost from the operation of Hilli Episeyo as well as an improving shipping market. Third-quarter TCE (Time Charter Equivalent) is expected to at least double the second-quarter figure of $19,600. The company's measures to reward shareholders through dividends are also encouraging. To this end, it recently hiked its dividend to 12.5 cents per share from the previous 5 cents. However, the company reported lower-than-expected results in the second quarter of 2018. Results were hurt by softness in shipping activity. The massive increase in operating expenses is another cause for concern. Operating expenses soared 50.3% in the second quarter. Such high costs might limit Golar LNG's bottom line in the third quarter as well. Moreover, shares of the company have underperformed its industry in the last six months." (8/28/2018)
- 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)
Are investors shorting Golar LNG?
Golar LNG saw a decrease in short interest in August. As of August 15th, there was short interest totalling 8,219,300 shares, a decrease of 14.6% from the July 31st total of 9,621,174 shares. Based on an average trading volume of 890,114 shares, the short-interest ratio is presently 9.2 days. Approximately 9.0% of the company's stock are sold short. View Golar LNG's Current Options Chain.
Who are some of Golar LNG's key competitors?
Some companies that are related to Golar LNG include Kirby (KEX), Matson (MATX), GasLog (GLOG), Golden Ocean Group (GOGL), Teekay Lng Partners (TGP), GasLog Partners LP Unit (GLOP), Teekay Offshore Partners (TOO), Golar LNG Partners (GMLP), Tidewater (TDW), KNOT Offshore Partners (KNOP), Hoegh LNG Partners (HMLP), International Seaways (INSW), Dynagas LNG Partners (DLNG), Nordic American Tanker (NAT) and Teekay Tankers (TNK).
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. Øistein Dahl, Chief Operating Officer of Golar Management Ltd. (Age 57)
- Mr. Michael Ashford, Company Sec. & Director (Age 71)
- Stuart Buchanan, Head of Investor Relations
Has Golar LNG been receiving favorable news coverage?
News headlines about GLNG stock have been trending somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Golar LNG earned a news impact score of 0.18 on Accern's scale. They also gave news stories about the shipping company an impact score of 46.57 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the immediate future. View Recent Headlines for Golar LNG.
Who are Golar LNG's major shareholders?
Golar LNG's stock is owned by many different of institutional and retail investors. Top institutional shareholders include FMR LLC (10.00%), BlackRock Inc. (4.41%), Morgan Stanley (3.38%), BlueMountain Capital Management LLC (1.55%), Perella Weinberg Partners Capital Management LP (1.39%) and Victory Capital Management Inc. (1.22%).
Which institutional investors are selling Golar LNG stock?
GLNG stock was sold by a variety of institutional investors in the last quarter, including HITE Hedge Asset Management LLC, Millennium Management LLC, Gilder Gagnon Howe & Co. LLC, White Elm Capital LLC, Federated Investors Inc. PA, Morgan Stanley, SCP Investment LP and Pinnacle Associates Ltd..
Which institutional investors are buying Golar LNG stock?
GLNG stock was purchased by a variety of institutional investors in the last quarter, including BlueMountain Capital Management LLC, Victory Capital Management Inc., Perella Weinberg Partners Capital Management LP, BlackRock Inc., Nomura Holdings Inc., Point72 Asset Management L.P., Marshall Wace LLP and Bank of Montreal Can.
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 $27.18.
How big of a company is Golar LNG?
Golar LNG has a market capitalization of $2.67 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.
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.
