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 Ratio0.62
Current Ratio0.28
Quick Ratio0.28
Price-To-Earnings
Trailing P/E Ratio-18.29
Forward P/E Ratio-179.73
P/E GrowthN/A
Sales & Book Value
Annual Sales$143.54 million
Price / Sales18.99
Cash FlowN/A
Price / CashN/A
Book Value$17.78 per share
Price / Book1.52
Profitability
EPS (Most Recent Fiscal Year)($1.47)
Net Income$-179,700,000.00
Net Margins-73.05%
Return on Equity-7.10%
Return on Assets-2.73%
Miscellaneous
Employees612
Outstanding Shares101,120,000
Market Cap$2,833.35
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 Monday, June 4th. Investors of record on Thursday, June 14th will be given a dividend of $0.05 per share on Thursday, July 5th. This represents a $0.20 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Wednesday, June 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 Thursday, May, 31st. The shipping company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.16) by $0.04. The shipping company earned $66.19 million during the quarter, compared to the consensus estimate of $60.45 million. Golar LNG had a negative net margin of 73.05% and a negative return on equity of 7.10%. View Golar LNG's Earnings History.
When is Golar LNG's next earnings date?
What price target have analysts set for GLNG?
7 analysts have issued 1 year price targets for Golar LNG's shares. Their predictions range from $30.00 to $49.00. On average, they expect Golar LNG's share price to reach $37.1667 in the next year. This suggests a possible upside of 37.9% from the stock's current price. View Analyst Ratings for Golar LNG.
What is the consensus analysts' recommendation for Golar LNG?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Golar LNG in the last year. There are currently 1 hold rating and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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)
Are investors shorting Golar LNG?
Golar LNG saw a increase in short interest in June. As of June 15th, there was short interest totalling 12,041,384 shares, an increase of 25.5% from the May 31st total of 9,598,148 shares. Based on an average daily trading volume, of 1,889,968 shares, the days-to-cover ratio is presently 6.4 days. Currently, 13.1% of the company's stock are short sold. 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 Brookfield Infrastructure Partners (BIP), Kirby (KEX), Matson (MATX), GasLog (GLOG), Teekay Lng Partners, L.P. Common Stock (TGP), Golden Ocean Group (GOGL), Golar LNG Partners (GMLP), Teekay Offshore Partners (TOO), GasLog Partners LP Unit (GLOP), Kenon (KEN), Tidewater (TDW), KNOT Offshore Partners (KNOP), International Seaways (INSW), Hoegh LNG Partners (HMLP) 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. Michael Ashford, Company Sec. & Director (Age 71)
- Stuart Buchanan, Head of Investor Relations
Has Golar LNG been receiving favorable news coverage?
Media stories about GLNG stock have trended somewhat negative this week, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Golar LNG earned a daily sentiment score of 0.00 on Accern's scale. They also assigned news stories about the shipping company an impact score of 44.27 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
Who are Golar LNG's major shareholders?
Which major investors are selling Golar LNG stock?
Which major investors are buying Golar LNG stock?
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 $26.96.
How big of a company is Golar LNG?
Golar LNG has a market capitalization of $2.83 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 (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.
