Golar LNG Limited (NASDAQ:GLNG) Receives $50.13 Consensus PT from Analysts

Golar LNG Limited (NASDAQ:GLNG - Get Free Report) has received a consensus recommendation of "Buy" from the six brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $50.13.

A number of equities research analysts recently commented on the stock. StockNews.com upgraded shares of Golar LNG to a "sell" rating in a report on Thursday, March 20th. Fearnley Fonds upgraded Golar LNG from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. Stifel Nicolaus lifted their price objective on shares of Golar LNG from $53.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, December 24th. Finally, DNB Markets downgraded shares of Golar LNG from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GLNG. Summit Investment Advisors Inc. lifted its holdings in Golar LNG by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 10,354 shares of the shipping company's stock valued at $438,000 after purchasing an additional 328 shares during the last quarter. Mariner LLC lifted its position in Golar LNG by 7.4% during the fourth quarter. Mariner LLC now owns 5,995 shares of the shipping company's stock worth $254,000 after acquiring an additional 414 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in shares of Golar LNG by 5.0% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 10,500 shares of the shipping company's stock worth $444,000 after acquiring an additional 500 shares during the period. Metis Global Partners LLC grew its position in shares of Golar LNG by 9.8% in the fourth quarter. Metis Global Partners LLC now owns 5,996 shares of the shipping company's stock valued at $254,000 after purchasing an additional 534 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Golar LNG in the 3rd quarter valued at $32,000. 92.21% of the stock is currently owned by institutional investors.

Golar LNG Stock Performance

NASDAQ:GLNG traded up $0.81 on Monday, reaching $38.13. The company's stock had a trading volume of 1,021,039 shares, compared to its average volume of 1,370,229. The business's 50-day moving average price is $36.76 and its two-hundred day moving average price is $38.75. Golar LNG has a 1-year low of $24.42 and a 1-year high of $44.36. The firm has a market cap of $3.99 billion, a PE ratio of 272.38 and a beta of 0.47.

Golar LNG Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 11th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend was Tuesday, March 11th. Golar LNG's payout ratio is currently 208.33%.

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.