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.
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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).
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