Shares of Golar LNG Limited (NASDAQ:GLNG - Get Free Report) reached a new 52-week high on Monday . The company traded as high as $39.40 and last traded at $39.22, with a volume of 631825 shares. The stock had previously closed at $38.96.
Analysts Set New Price Targets
A number of research firms recently weighed in on GLNG. StockNews.com upgraded Golar LNG to a "sell" rating in a research note on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Golar LNG from $43.00 to $56.00 and gave the company a "buy" rating in a research note on Friday, August 16th. Stifel Nicolaus cut their price objective 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. BTIG Research upped their target price on Golar LNG from $36.00 to $45.00 and gave the company a "buy" rating in a research report on Tuesday, June 25th. Finally, B. Riley lifted their price target on Golar LNG from $35.50 to $44.50 and gave the stock a "buy" rating in a report on Friday, July 19th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $49.63.
Get Our Latest Report on GLNG
Golar LNG Stock Performance
The stock's 50-day simple moving average is $34.05 and its 200-day simple moving average is $30.42. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 37.10 and a beta of 0.58. 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 (NASDAQ:GLNG - Get Free Report) last posted its quarterly earnings data on Thursday, August 15th. The shipping company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.02). The firm had revenue of $62.98 million for the quarter, compared to the consensus estimate of $67.38 million. Golar LNG had a return on equity of 9.20% and a net margin of 50.89%. Analysts forecast that Golar LNG Limited will post 1.53 earnings per share for the current fiscal year.
Golar LNG Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were paid a $0.25 dividend. The ex-dividend date was Monday, August 26th. This represents a $1.00 annualized dividend and a dividend yield of 2.55%. Golar LNG's payout ratio is 95.24%.
Institutional Trading of Golar LNG
Several large investors have recently bought and sold shares of GLNG. Vanguard Group Inc. lifted its holdings in shares of Golar LNG by 74.4% in the first quarter. Vanguard Group Inc. now owns 1,015,644 shares of the shipping company's stock worth $24,436,000 after acquiring an additional 433,299 shares during the last quarter. Capstone Investment Advisors LLC acquired a new stake in Golar LNG in the first quarter valued at approximately $1,252,000. Denali Advisors LLC bought a new stake in shares of Golar LNG during the first quarter worth $1,049,000. BNP Paribas Financial Markets increased its holdings in shares of Golar LNG by 171.4% during the first quarter. BNP Paribas Financial Markets now owns 98,506 shares of the shipping company's stock worth $2,370,000 after buying an additional 62,205 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Golar LNG by 532.0% in the 2nd quarter. SG Americas Securities LLC now owns 133,444 shares of the shipping company's stock valued at $4,183,000 after acquiring an additional 112,331 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.
Golar LNG Company Profile
(
Get Free Report)
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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