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About Golar LNG (NASDAQ:GLNG)
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
Industry Water transportation
Sub-IndustryOil & Gas Storage & Transportation
SectorTransportation
SymbolNASDAQ:GLNG
CUSIPG9456A10
Phone441-295-4705
Debt
Debt-to-Equity Ratio0.57
Current Ratio0.29
Quick Ratio0.29
Price-To-Earnings
Trailing P/E Ratio-23.31
Forward P/E Ratio571.00
P/E GrowthN/A
Sales & Book Value
Annual Sales$143.54 million
Price / Sales24.14
Cash FlowN/A
Price / CashN/A
Book Value$17.78 per share
Price / Book1.93
Profitability
EPS (Most Recent Fiscal Year)($1.47)
Net Income$-179,700,000.00
Net Margins-125.20%
Return on Equity-8.11%
Return on Assets-3.21%
Miscellaneous
Employees612
Outstanding Shares101,120,000
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 declared a quarterly dividend on Wednesday, February 28th. Investors of record on Wednesday, March 14th will be paid a dividend of $0.05 per share on Wednesday, April 4th. This represents a $0.20 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Tuesday, March 13th. View Golar LNG's Dividend History.
How were Golar LNG's earnings last quarter?
Golar LNG Limited (NASDAQ:GLNG) posted its quarterly earnings results on Wednesday, February, 28th. The shipping company reported ($0.11) earnings per share for the quarter, beating analysts' consensus estimates of ($0.28) by $0.17. The shipping company had revenue of $57.59 million for the quarter, compared to analyst estimates of $43.87 million. Golar LNG had a negative return on equity of 8.11% and a negative net margin of 125.20%. View Golar LNG's Earnings History.
When is Golar LNG's next earnings date?
What price target have analysts set for GLNG?
6 equities research analysts have issued 12-month price targets for Golar LNG's shares. Their forecasts range from $26.00 to $49.00. On average, they anticipate Golar LNG's stock price to reach $38.40 in the next twelve months. 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 LIMITED is engaged in the acquisition, ownership, operation and chartering of liquid natural gas carriers and floating storage re-gasification units through its subsidiaries. " (5/9/2018)
- 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)
Who are some of Golar LNG's key competitors?
Some companies that are related to Golar LNG include Brookfield Infrastructure Partners (BIP), Kirby (KEX), GasLog (GLOG), Matson (MATX), Golar LNG Partners (GMLP), Teekay Lng Partners (TGP), Golden Ocean Group (GOGL), Teekay Offshore Partners (TOO), GasLog Partners (GLOP), Kenon (KEN), Tidewater (TDW), KNOT Offshore Partners (KNOP), Hoegh LNG Partners (HMLP), International Seaways (INSW) and Nordic American Tanker (NAT).
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. Hugo Skår, Chief Technical Officer of Golar Management Ltd (Age 50)
- Mr. Michael Ashford, Company Sec. & Director (Age 71)
Has Golar LNG been receiving favorable news coverage?
Media stories about GLNG stock have been trending somewhat positive this week, according to Accern. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Golar LNG earned a news impact score of 0.07 on Accern's scale. They also gave news articles about the shipping company an impact score of 47.59 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next several days.
Who are Golar LNG's major shareholders?
Golar LNG's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Barrow Hanley Mewhinney & Strauss LLC (6.59%), BlackRock Inc. (4.27%), Luxor Capital Group LP (1.66%), Millennium Management LLC (0.98%), Northern Trust Corp (0.87%) and Levin Capital Strategies L.P. (0.46%). View Institutional Ownership Trends for Golar LNG.
Which major investors are selling Golar LNG stock?
GLNG stock was sold by a variety of institutional investors in the last quarter, including Luxor Capital Group LP, Levin Capital Strategies L.P., Legal & General Group Plc, Guggenheim Capital LLC, Bluefin Trading LLC, SG Americas Securities LLC, BlackRock Inc. and UBS Group AG. View Insider Buying and Selling for Golar LNG.
Which major investors are buying Golar LNG stock?
GLNG stock was purchased by a variety of institutional investors in the last quarter, including Millennium Management LLC, Zweig DiMenna Associates LLC, Cobalt Capital Management Inc., Centenus Global Management LP, ICM Asset Management Inc. WA, DekaBank Deutsche Girozentrale, Nuveen Asset Management LLC and Cannell Peter B & Co. Inc.. View Insider Buying and Selling for Golar LNG.
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 $34.26.
How big of a company is Golar LNG?
Golar LNG has a market capitalization of $3.46 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 612 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 (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.
Golar LNG (NASDAQ:GLNG) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
6 Wall Street analysts have issued ratings and price targets for Golar LNG in the last 12 months. Their average twelve-month price target is $38.40, suggesting that the stock has a possible upside of 12.08%. The high price target for GLNG is $49.00 and the low price target for GLNG is $26.00. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.83 | 2.83 | 2.86 | 2.89 |
| Ratings Breakdown: | 0 Sell Rating(s)
1 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $38.40 | $38.40 | $36.00 | $34.6667 |
| Price Target Upside: | 12.08% upside | 24.31% upside | 41.40% upside | 74.73% upside |
Golar LNG (NASDAQ:GLNG) Consensus Price Target History
Golar LNG (NASDAQ:GLNG) Analyst Ratings History
Show:
(Data available from 5/21/2016 forward)
Golar LNG (NASDAQ:GLNG) Dividend Information
Golar LNG pays an annual dividend of $0.20 per share, with a dividend yield of 0.58%. GLNG's most recent quarterly dividend payment was Wednesday, April 4. Golar LNG pays out -13.61% of its earnings out as a dividend.
| Most Recent Dividend: | 4/4/2018 |
| Annual Dividend: | $0.20 |
| Dividend Yield: | 0.58% |
| Payout Ratio(s): | -13.61% (Trailing 12 Months of Earnings)
333.33% (Based on This Year's Estimates)
33.33% (Based on Next Year's Estimates)
|
Golar LNG (NASDAQ:GLNG) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/28/2018 | Quarterly | $0.05 | | 3/13/2018 | 3/14/2018 | 4/4/2018 |
| 11/30/2017 | Quarterly | $0.05 | 0.83% | 12/13/2017 | 12/14/2017 | 1/4/2018 |
| 8/30/2017 | Quarterly | $0.05 | 0.92% | 9/13/2017 | 9/14/2017 | 10/4/2017 |
| 5/31/2017 | Quarterly | $0.05 | 0.85% | 6/14/2017 | 6/16/2017 | 7/5/2017 |
| 2/28/2017 | quarterly | $0.05 | 0.73% | 3/13/2017 | 3/15/2017 | 4/3/2017 |
| 11/30/2016 | Quarterly | $0.05 | 0.85% | 12/12/2016 | 12/14/2016 | 1/6/2017 |
| 9/1/2016 | quarterly | $0.05 | 0.98% | 9/12/2016 | 9/14/2016 | 10/3/2016 |
| 6/1/2016 | quarterly | $0.05 | 1.2% | 6/13/2016 | 6/15/2016 | 7/7/2016 |
| 3/1/2016 | quarterly | $0.05 | 1.06% | 3/14/2016 | 3/16/2016 | 3/30/2016 |
| 12/1/2015 | quarterly | $0.45 | 6.65% | 12/8/2015 | 12/10/2015 | 1/6/2016 |
| 8/28/2015 | quarterly | $0.45 | 4.64% | 9/8/2015 | 9/10/2015 | 9/25/2015 |
| 5/28/2015 | quarterly | $0.45 | 3.61% | 6/10/2015 | 6/12/2015 | 6/26/2015 |
| 2/26/2015 | quarterly | $0.45 | 5.74% | 3/10/2015 | 3/12/2015 | 3/24/2015 |
| 11/26/2014 | quarterly | $0.45 | 4.34% | 12/3/2014 | 12/5/2014 | 12/30/2014 |
| 8/27/2014 | quarterly | $0.45 | 2.81% | 9/8/2014 | 9/10/2014 | 9/26/2014 |
| 5/28/2014 | quarterly | $0.45 | 3.85% | 6/4/2014 | 6/6/2014 | 6/27/2014 |
| 3/3/2014 | quarterly | $0.45 | 4.72% | 3/10/2014 | 3/12/2014 | 3/24/2014 |
| 11/29/2013 | quarterly | $0.45 | 4.95% | 12/4/2013 | 12/6/2013 | 12/20/2013 |
| 11/27/2013 | | $0.45 | | 12/4/2013 | 12/6/2013 | 12/20/2013 |
| 8/30/2013 | quarterly | $0.45 | 4.82% | 9/11/2013 | 9/13/2013 | 9/26/2013 |
| 5/31/2013 | quarterly | $0.45 | 5.29% | 6/11/2013 | 6/13/2013 | 6/27/2013 |
(Data available from 1/1/2013 forward)
Golar LNG (NASDAQ GLNG) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.02%
Institutional Ownership Percentage: 81.88%
Golar LNG (NASDAQ GLNG) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
(Data available from 1/1/2013 forward)
Golar LNG (NASDAQ GLNG) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Reuters: Golar's Cameroon LNG project ships first cargo
seekingalpha.com - May 18 at 5:40 PM |
 | $60.45 Million in Sales Expected for Golar LNG (GLNG) This Quarter
www.americanbankingnews.com - May 18 at 2:54 AM |
| Golar LNG (GLNG) to Release Earnings on Friday
www.americanbankingnews.com - May 18 at 1:02 AM |
 | Noteworthy Thursday Option Activity: WWE, V, GLNG
www.nasdaq.com - May 17 at 6:02 PM |
| Zacks: Analysts Expect Golar LNG (GLNG) to Announce -$0.22 Earnings Per Share
www.americanbankingnews.com - May 16 at 1:26 PM |
| Golar LNG (GLNG) Downgraded to Hold at ValuEngine
www.americanbankingnews.com - May 15 at 1:15 PM |
| Golar LNG (GLNG) versus Teekay Offshore Partners (TOO) Financial Survey
www.americanbankingnews.com - May 14 at 1:19 AM |
| Golar LNG (GLNG) Receives Consensus Rating of "Buy" from Analysts
www.americanbankingnews.com - May 10 at 5:47 PM |
 | Call Buyers Should Strike Now On Golar LNG Stock
www.forbes.com - May 10 at 5:39 PM |
| Zacks Investment Research Lowers Golar LNG (GLNG) to Sell
www.americanbankingnews.com - May 9 at 7:31 PM |
 | GLOBAL LNG-Prices firm as fundamentals tighten, amid support from oil, coal
www.reuters.com - May 5 at 5:26 PM |
| Golar LNG (GLNG) Rating Increased to Buy at ValuEngine
www.americanbankingnews.com - May 5 at 2:27 PM |
| Golar LNG (GLNG) Upgraded to "Buy" by BidaskClub
www.americanbankingnews.com - May 5 at 12:11 AM |
| Analysts Expect Golar LNG (GLNG) Will Post Quarterly Sales of $60.45 Million
www.americanbankingnews.com - May 1 at 5:04 AM |
| Golar LNG (GLNG) Expected to Post Earnings of -$0.22 Per Share
www.americanbankingnews.com - April 29 at 1:18 AM |
 | Form SC 13D GOLAR LNG LTD Filed by: SKAGEN FUNDS
www.streetinsider.com - April 28 at 5:04 PM |
| Golar LNG: Playing The Turnaround
seekingalpha.com - April 26 at 8:29 AM |
 | What’s Happening With These Shipping Stocks? — Golar LNG, Kirby, Navios Maritime, and Gener8 Maritime
www.prnewswire.com - April 25 at 8:32 AM |
 | Is It The Right Time To Buy Golar LNG Limited (NASDAQ:GLNG)?
finance.yahoo.com - April 20 at 5:11 PM |
| Golar LNG reaches deal to provide FLNG vessel for BP's Tortue project
seekingalpha.com - April 20 at 8:40 AM |
| Golar LNG (GLNG) Reports Pact and Exchanges Heads of Terms for FLNG vessel for Phase 1A of Greater Tortue / Ahmeyim Project, West Africa
www.streetinsider.com - April 20 at 8:40 AM |
| Stock Traders Purchase High Volume of Golar LNG Call Options (GLNG)
www.americanbankingnews.com - April 20 at 7:53 AM |
| ValuEngine Upgrades Golar LNG (GLNG) to "Hold"
www.americanbankingnews.com - April 20 at 12:24 AM |
| Golar LNG (GLNG) Rating Reiterated by Stifel Nicolaus
www.americanbankingnews.com - April 19 at 9:40 PM |
| BRIEF-Golar Power Reaches Financial Closing On 1.5Gw Sergipe Power Project
www.reuters.com - April 19 at 5:26 PM |
| Form 6-K GOLAR LNG LTD For: Apr 19
www.streetinsider.com - April 19 at 5:26 PM |
 | Golar LNG enters into a Preliminary Agreement and exchanges Heads of Terms for an FLNG vessel for Phase 1A of the ...
globenewswire.com - April 19 at 5:26 PM |
| Golar Power reaches Financial Closing on 1.5GW Sergipe Power Project
finance.yahoo.com - April 19 at 8:31 AM |
| Zacks Investment Research Downgrades Golar LNG (GLNG) to Sell
www.americanbankingnews.com - April 19 at 12:28 AM |
| Form 6-K GOLAR LNG LTD For: Apr 16
www.streetinsider.com - April 18 at 8:31 AM |
| First LNG shipment from Cameroon delayed until late April -spokesman
www.reuters.com - April 17 at 5:43 PM |
| Golar LNG Partners LP - Announcement of filing of Form 20-F Annual Report
globenewswire.com - April 17 at 5:43 PM |
| Golar LNG Limited (GLNG) Receives Consensus Rating of "Hold" from Analysts
www.americanbankingnews.com - April 15 at 5:31 PM |
| Golar LNG Limited (GLNG) Expected to Post Quarterly Sales of $66.79 Million
www.americanbankingnews.com - April 14 at 5:35 AM |
| Golar LNG Limited (GLNG) Expected to Announce Earnings of -$0.20 Per Share
www.americanbankingnews.com - April 12 at 1:13 AM |
| Golar LNG (GLNG) Receives "Buy" Rating from Stifel Nicolaus
www.americanbankingnews.com - April 9 at 10:55 PM |
| Golar LNG (GLNG) Upgraded to "Buy" by ABN Amro
www.americanbankingnews.com - April 4 at 1:52 PM |
| Golar LNG (GLNG) Lowered to Sell at Zacks Investment Research
www.americanbankingnews.com - April 2 at 6:58 PM |
| Reviewing Scorpio Bulkers (SALT) and Golar LNG (GLNG)
www.americanbankingnews.com - March 31 at 3:07 AM |
| Zacks: Analysts Expect Golar LNG Limited (GLNG) Will Post Quarterly Sales of $66.79 Million
www.americanbankingnews.com - March 28 at 11:54 AM |
| Golar LNG (GLNG) Stock Rating Lowered by BidaskClub
www.americanbankingnews.com - March 26 at 8:39 AM |
| Golar LNG (GLNG) Rating Increased to Hold at Zacks Investment Research
www.americanbankingnews.com - March 26 at 12:36 AM |
| Analysts’ Views on GasLog This Month
finance.yahoo.com - March 23 at 5:27 PM |
| Analysts’ Post-4Q17 Recommendations for LNG Carrier Stocks
finance.yahoo.com - March 23 at 5:27 PM |
| What Analysts Recommend for Teekay LNG Partners
finance.yahoo.com - March 23 at 5:27 PM |
| Golar LNG Limited (GLNG) Receives Average Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - March 21 at 5:30 PM |
| This Morning's Technical Outlook on Shipping Stocks -- Gener8 Maritime, Globus Maritime, Navios Maritime Partners ... - PR Newswire (press release)
www.prnewswire.com - March 20 at 8:45 AM |
| Golar LNG (GLNG) Reports Organizational Changes - StreetInsider.com
www.streetinsider.com - March 19 at 8:38 AM |
| Commit To Buy Golar LNG At $17.50, Earn 11.4% Using Options - Nasdaq
www.nasdaq.com - March 16 at 8:36 AM |
| Report: Exploring Fundamental Drivers Behind Reading International, Rhythm Pharmaceuticals, Grupo Aeroportuario del Centro Norte S.A.B. de C.V., Golar LNG, Central European Media Enterprises, and MediciNova — New Horizons, Emerging Trends, and Upcoming Developments
finance.yahoo.com - March 15 at 8:32 AM |
Golar LNG (NASDAQ:GLNG) SEC Filings
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Golar LNG (NASDAQ:GLNG) Income Statement, Balance Sheet and Cash Flow Statement
Golar LNG (NASDAQ GLNG) Stock Chart for Monday, May, 21, 2018
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