Golar LNG (GLNG) Stock Rating Upgraded by BidaskClub

Golar LNG (NASDAQ:GLNG) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Friday.

Several other equities research analysts have also weighed in on GLNG. Morgan Stanley reiterated an “overweight” rating and set a $31.00 price objective (down previously from $32.00) on shares of Golar LNG in a research note on Friday, September 1st. Cowen reiterated an “outperform” rating and set a $45.00 price objective on shares of Golar LNG in a research note on Thursday, August 31st. ValuEngine lowered shares of Golar LNG from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. ABN Amro upgraded shares of Golar LNG from a “hold” rating to a “buy” rating in a research note on Monday, October 30th. Finally, Zacks Investment Research lowered shares of Golar LNG from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Golar LNG presently has an average rating of “Buy” and a consensus target price of $34.40.

Shares of Golar LNG (GLNG) traded up $1.18 during trading on Friday, hitting $27.68. 4,249,178 shares of the stock were exchanged, compared to its average volume of 1,215,004. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.77. Golar LNG has a 1-year low of $19.32 and a 1-year high of $29.18.

Several institutional investors have recently bought and sold shares of GLNG. Vanguard Group Inc. boosted its holdings in shares of Golar LNG by 2.3% in the first quarter. Vanguard Group Inc. now owns 213,180 shares of the shipping company’s stock valued at $5,954,000 after acquiring an additional 4,739 shares in the last quarter. Sei Investments Co. boosted its holdings in Golar LNG by 19.3% during the second quarter. Sei Investments Co. now owns 6,511 shares of the shipping company’s stock worth $145,000 after buying an additional 1,054 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Golar LNG by 180.6% during the second quarter. SG Americas Securities LLC now owns 35,069 shares of the shipping company’s stock worth $780,000 after buying an additional 22,573 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Golar LNG by 1.8% during the second quarter. Bank of New York Mellon Corp now owns 345,115 shares of the shipping company’s stock worth $7,679,000 after buying an additional 6,036 shares in the last quarter. Finally, KBC Group NV boosted its holdings in Golar LNG by 70.8% during the second quarter. KBC Group NV now owns 57,616 shares of the shipping company’s stock worth $1,282,000 after buying an additional 23,878 shares in the last quarter. Institutional investors and hedge funds own 82.85% of the company’s stock.

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Golar LNG Company Profile

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).

Analyst Recommendations for Golar LNG (NASDAQ:GLNG)

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