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-16.91
Forward P/E Ratio-24.14
P/E GrowthN/A
Sales & Book Value
Annual Sales$143.54 million
Price / Sales17.51
Cash FlowN/A
Price / CashN/A
Book Value$21.23 per share
Price / Book1.17
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$2.62 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. Investors of record on Friday, December 14th will be paid a dividend of $0.15 per share on Thursday, January 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Thursday, December 13th. This is a boost 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) released its quarterly earnings data on Monday, November, 5th. The shipping company reported ($0.45) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.11) by $0.34. Golar LNG had a net margin of 27.87% and a negative return on equity of 4.34%. View Golar LNG's Earnings History.
When is Golar LNG's next earnings date?
What price target have analysts set for GLNG?
11 Wall Street analysts have issued 1 year price targets for Golar LNG's stock. Their forecasts 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 47.5% 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 is expected to benefit from commencement of the Hilli Episeyo. The company's third-quarter results, scheduled to be announced on Nov 5, 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, Golar LNG hiked its dividend to 12.5 cents per share from the previous 5 cents. Despite such tailwinds, the massive increase in operating expenses is another cause for concern. Such high costs might limit Golar LNG's bottom line in the third quarter as well. Its high debt levels are concerning too. In fact, shares of the company have underperformed its industry in the last six months due to the headwinds." (11/13/2018)
- 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?
News coverage about GLNG stock has trended somewhat positive on Wednesday, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Golar LNG earned a media sentiment score of 0.7 on InfoTrie's scale. They also assigned news articles about the shipping company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the next several days.
Who are some of Golar LNG's key competitors?
Some companies that are related to Golar LNG include Kirby (KEX), Matson (MATX), GasLog (GLOG), Teekay Lng Partners (TGP), GasLog Partners LP Unit (GLOP), Golden Ocean Group (GOGL), Golar LNG Partners (GMLP), Tidewater (TDW), Teekay Offshore Partners (TOO), KNOT Offshore Partners (KNOP), 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. 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
Who are Golar LNG's major shareholders?
Golar LNG's stock is owned by a variety of of institutional and retail investors. Top institutional investors 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 institutional 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 institutional investors are buying Golar LNG stock?
GLNG stock was acquired 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, Trafelet Brokaw Capital Management L.P., Capital Fund Management S.A. and BlackRock Inc..
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 $24.88.
How big of a company is Golar LNG?
Golar LNG has a market capitalization of $2.62 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.
