Golar LNG Limited (NASDAQ:GLNG) Given Average Rating of "Moderate Buy" by Analysts

Golar LNG Limited (NASDAQ:GLNG - Get Free Report) has earned an average rating of "Moderate Buy" from the six ratings firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $50.13.

GLNG has been the topic of a number of analyst reports. DNB Markets cut Golar LNG from a "buy" rating to a "hold" rating in a research report on Wednesday. StockNews.com upgraded Golar LNG to a "sell" rating in a research report on Monday, December 9th. Stifel Nicolaus upped their price target on Golar LNG from $53.00 to $55.00 and gave the company a "buy" rating in a research report on Tuesday, December 24th. Finally, Fearnley Fonds cut Golar LNG from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 13th.

Hedge Funds Weigh In On Golar LNG

A number of institutional investors and hedge funds have recently bought and sold shares of GLNG. Naria Inc. acquired a new position in Golar LNG in the fourth quarter worth $435,226,000. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Golar LNG by 467.9% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,237,000 shares of the shipping company's stock worth $82,232,000 after purchasing an additional 1,843,100 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Golar LNG by 49.2% during the fourth quarter. Millennium Management LLC now owns 4,638,045 shares of the shipping company's stock valued at $196,282,000 after acquiring an additional 1,529,884 shares during the period. Encompass Capital Advisors LLC acquired a new position in shares of Golar LNG during the fourth quarter valued at $55,413,000. Finally, Clearline Capital LP acquired a new position in shares of Golar LNG during the third quarter valued at $36,865,000. Institutional investors and hedge funds own 92.21% of the company's stock.

Golar LNG Price Performance

Shares of NASDAQ:GLNG opened at $38.95 on Friday. The business's fifty day moving average price is $41.44 and its two-hundred day moving average price is $38.01. Golar LNG has a fifty-two week low of $19.94 and a fifty-two week high of $44.36. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 278.23 and a beta of 0.55.

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.

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