Golar LNG Limited (GLNG) Receiving Somewhat Positive Media Coverage, Study Shows

Press coverage about Golar LNG Limited (NASDAQ:GLNG) has trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Golar LNG Limited earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave media headlines about the shipping company an impact score of 46.5518533369542 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:

Golar LNG Limited (NASDAQ:GLNG) traded down 1.55% during mid-day trading on Friday, reaching $20.26. The company had a trading volume of 1,124,030 shares. Golar LNG Limited has a 1-year low of $18.63 and a 1-year high of $29.18. The company’s market capitalization is $1.99 billion. The firm has a 50-day moving average of $22.69 and a 200 day moving average of $25.34.

Golar LNG Limited (NASDAQ:GLNG) last released its quarterly earnings results on Wednesday, May 31st. The shipping company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.38) by $0.03. The firm had revenue of $25.11 million for the quarter, compared to analysts’ expectations of $17.62 million. Golar LNG Limited had a negative net margin of 228.55% and a negative return on equity of 7.51%. On average, analysts predict that Golar LNG Limited will post ($1.45) earnings per share for the current fiscal year.

GLNG has been the subject of several recent analyst reports. Citigroup Inc. reissued a “buy” rating and set a $28.00 price objective (down previously from $29.00) on shares of Golar LNG Limited in a report on Thursday, June 1st. Zacks Investment Research lowered Golar LNG Limited from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. Morgan Stanley reissued an “overweight” rating and set a $32.00 price objective (down previously from $36.00) on shares of Golar LNG Limited in a report on Tuesday, June 13th. Stifel Nicolaus reissued a “buy” rating and set a $36.00 price objective on shares of Golar LNG Limited in a report on Wednesday, July 5th. Finally, BidaskClub downgraded Golar LNG Limited from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $34.43.

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About Golar LNG Limited

Golar LNG Limited is a midstream liquefied natural gas (LNG) company engaged primarily in the transportation, regasification, liquefaction and trading of LNG. The Company is engaged in the acquisition, ownership, operation and chartering of LNG carriers and Floating Storage Regasification Unit (FSRUs) through its subsidiaries and affiliates, and the development of LNG projects, such as floating LNGs (FLNGs).

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