B. Riley Weighs in on Golar LNG's Q4 Earnings (NASDAQ:GLNG)

Golar LNG Limited (NASDAQ:GLNG - Free Report) - Equities research analysts at B. Riley decreased their Q4 2024 earnings estimates for shares of Golar LNG in a research note issued on Tuesday, November 12th. B. Riley analyst L. Burke now forecasts that the shipping company will post earnings of $0.42 per share for the quarter, down from their previous estimate of $0.48. B. Riley has a "Buy" rating and a $44.50 price objective on the stock. The consensus estimate for Golar LNG's current full-year earnings is $1.53 per share.

Several other equities analysts also recently weighed in on the stock. StockNews.com upgraded shares of Golar LNG to a "sell" rating in a report on Wednesday. Stifel Nicolaus decreased their target price on shares of Golar LNG from $55.00 to $53.00 and set a "buy" rating for the company in a research report on Friday, August 16th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Golar LNG from $43.00 to $56.00 and gave the stock a "buy" rating in a research report on Friday, August 16th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $49.63.

Golar LNG Stock Performance

Shares of GLNG stock traded up $0.11 during mid-day trading on Thursday, reaching $34.99. The stock had a trading volume of 3,266,513 shares, compared to its average volume of 1,193,357. The company has a current ratio of 1.24, a quick ratio of 1.28 and a debt-to-equity ratio of 0.31. Golar LNG has a 1-year low of $19.94 and a 1-year high of $39.40. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of 26.23 and a beta of 0.58. The business's fifty day moving average is $36.13 and its 200-day moving average is $32.37.

Golar LNG (NASDAQ:GLNG - Get Free Report) last issued its earnings results on Thursday, August 15th. The shipping company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.02). The firm had revenue of $62.98 million during the quarter, compared to analysts' expectations of $67.38 million. Golar LNG had a return on equity of 9.20% and a net margin of 50.89%.

Hedge Funds Weigh In On Golar LNG

A number of hedge funds have recently bought and sold shares of GLNG. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Golar LNG by 467.9% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,237,000 shares of the shipping company's stock valued at $82,232,000 after buying an additional 1,843,100 shares in the last quarter. Donald Smith & CO. Inc. increased its position in shares of Golar LNG by 32.0% during the first quarter. Donald Smith & CO. Inc. now owns 3,586,994 shares of the shipping company's stock worth $86,303,000 after purchasing an additional 870,233 shares in the last quarter. American Century Companies Inc. raised its stake in Golar LNG by 53.7% in the 2nd quarter. American Century Companies Inc. now owns 1,732,655 shares of the shipping company's stock valued at $54,319,000 after purchasing an additional 605,499 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Golar LNG by 74.4% in the 1st quarter. Vanguard Group Inc. now owns 1,015,644 shares of the shipping company's stock valued at $24,436,000 after purchasing an additional 433,299 shares in the last quarter. Finally, Driehaus Capital Management LLC acquired a new stake in Golar LNG during the 2nd quarter worth $10,554,000. Hedge funds and other institutional investors own 92.21% of the company's stock.

Golar LNG Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 25th will be paid a $0.25 dividend. The ex-dividend date is Monday, November 25th. This represents a $1.00 annualized dividend and a dividend yield of 2.86%. Golar LNG's dividend payout ratio is presently 74.63%.

Golar LNG Company Profile

Golar LNG Limited designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels or projects; transportation of LNG carriers; and vessel management activities.