Golar LNG (NASDAQ:GLNG) Upgraded at Dnb Nor Markets

Golar LNG (NASDAQ:GLNG - Get Free Report) was upgraded by equities researchers at Dnb Nor Markets from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other brokerages have also recently issued reports on GLNG. DNB Markets raised shares of Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 price target on the stock in a research report on Tuesday. Stifel Nicolaus increased their target price on shares of Golar LNG from $53.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday, December 24th. StockNews.com raised shares of Golar LNG to a "sell" rating in a research report on Thursday, March 20th. Finally, Fearnley Fonds raised Golar LNG from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, five have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Golar LNG presently has a consensus rating of "Buy" and an average price target of $49.70.

Golar LNG Trading Up 3.8 %

GLNG stock opened at $38.86 on Tuesday. The business's fifty day moving average price is $36.66 and its 200 day moving average price is $38.74. Golar LNG has a 12-month low of $24.42 and a 12-month high of $44.36. The company has a market capitalization of $4.06 billion, a PE ratio of 277.59 and a beta of 0.47.

Institutional Trading of Golar LNG

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Naria Inc. purchased a new position in shares of Golar LNG in the 4th quarter valued at about $435,226,000. Millennium Management LLC boosted its holdings in Golar LNG by 49.2% in the fourth quarter. Millennium Management LLC now owns 4,638,045 shares of the shipping company's stock valued at $196,282,000 after purchasing an additional 1,529,884 shares in the last quarter. Encompass Capital Advisors LLC purchased a new position in Golar LNG in the fourth quarter valued at approximately $55,413,000. Vanguard Group Inc. raised its holdings in Golar LNG by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 1,093,098 shares of the shipping company's stock worth $46,260,000 after purchasing an additional 18,475 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Golar LNG by 56.3% during the 4th quarter. Invesco Ltd. now owns 887,842 shares of the shipping company's stock worth $37,573,000 after buying an additional 319,677 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

About Golar LNG

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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