Golar LNG (NASDAQ:GLNG) Posts Earnings Results, Misses Estimates By $0.18 EPS

Golar LNG (NASDAQ:GLNG - Get Free Report) issued its quarterly earnings data on Thursday. The shipping company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.18), Zacks reports. Golar LNG had a net margin of 4.92% and a return on equity of 9.12%. The firm had revenue of $65.90 million during the quarter, compared to analyst estimates of $73.54 million. Golar LNG updated its Q4 2024 guidance to EPS.

Golar LNG Stock Performance

Shares of NASDAQ GLNG traded down $1.54 during trading hours on Monday, hitting $36.80. 2,879,456 shares of the stock were exchanged, compared to its average volume of 1,178,651. The company's fifty day simple moving average is $41.13 and its two-hundred day simple moving average is $38.24. The company has a market cap of $3.84 billion, a PE ratio of 262.88 and a beta of 0.55. Golar LNG has a 1-year low of $20.38 and a 1-year high of $44.36.

Golar LNG Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Tuesday, March 11th. Golar LNG's dividend payout ratio (DPR) is presently 208.33%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Fearnley Fonds downgraded shares of Golar LNG from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 13th. DNB Markets lowered shares of Golar LNG from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Stifel Nicolaus lifted their price target on shares of Golar LNG from $53.00 to $55.00 and gave the company a "buy" rating in a research report on Tuesday, December 24th. Finally, StockNews.com upgraded Golar LNG to a "sell" rating in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $50.13.

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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.