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.
Golar LNG Stock Up 5.2 %
Golar LNG stock opened at $27.19 on Friday. The firm has a 50 day moving average price of $22.86 and a 200 day moving average price of $21.52. The company has a market capitalization of $2.94 billion, a PE ratio of 5.98 and a beta of 0.70. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.74 and a current ratio of 1.74. Golar LNG has a fifty-two week low of $10.01 and a fifty-two week high of $27.52.
Golar LNG (NASDAQ:GLNG - Get Rating) last released its quarterly earnings data on Thursday, May 26th. The shipping company reported $0.34 earnings per share (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 business had revenue of $77.27 million during the quarter, compared to analysts' expectations of $92.30 million. Research analysts expect that Golar LNG will post 0.99 earnings per share for the current year.
Analyst Upgrades and Downgrades
GLNG has been the subject of a number of research analyst reports. StockNews.com raised Golar LNG from a "sell" rating to a "hold" rating in a report on Tuesday, June 7th. B. Riley boosted their target price on Golar LNG from $28.00 to $33.50 and gave the stock a "buy" rating in a research report on Tuesday, May 31st. Jefferies Financial Group began coverage on Golar LNG in a research note on Wednesday, April 27th. They set a "buy" rating on the stock. Finally, Clarkson Capital reaffirmed a "buy" rating on shares of Golar LNG in a research note on Tuesday, June 14th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.25.