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.
Analyst Upgrades and Downgrades
GLNG has been the subject of a number of research analyst reports. StockNews.com upgraded shares of Golar LNG from a "sell" rating to a "hold" rating in a research report on Tuesday, June 7th. Jefferies Financial Group initiated coverage on shares of Golar LNG in a research report on Wednesday, April 27th. They set a "buy" rating for the company. Clarkson Capital reiterated a "buy" rating on shares of Golar LNG in a research report on Tuesday, June 14th. Finally, B. Riley upped their price objective on shares of Golar LNG from $28.00 to $33.50 and gave the stock a "buy" rating in a research report on Tuesday, May 31st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Golar LNG currently has an average rating of "Moderate Buy" and an average target price of $26.25.
Golar LNG Trading Up 3.3 %
GLNG traded up $0.78 during trading on Tuesday, reaching $24.12. 1,176,062 shares of the company's stock were exchanged, compared to its average volume of 1,466,073. Golar LNG has a one year low of $10.01 and a one year high of $27.52. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $2.61 billion, a PE ratio of 3.48 and a beta of 0.70. The firm has a fifty day moving average price of $22.91 and a two-hundred day moving average price of $21.29.
Golar LNG (NASDAQ:GLNG - Get Rating) last posted its earnings results on Thursday, May 26th. The shipping company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.09. Golar LNG had a net margin of 180.59% and a return on equity of 2.21%. The firm had revenue of $77.27 million for the quarter, compared to analyst estimates of $92.30 million. As a group, equities research analysts forecast that Golar LNG will post 0.99 earnings per share for the current fiscal year.