Golar LNG Limited (NASDAQ:GLNG) Receives $50.13 Average Target Price from Analysts

Shares of Golar LNG Limited (NASDAQ:GLNG) have received an average rating of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $50.13.

Several brokerages recently issued reports on GLNG. Fearnley Fonds cut Golar LNG from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Stifel Nicolaus lifted their price objective on 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 Golar LNG to a “sell” rating in a report on Monday, December 9th. Finally, DNB Markets cut Golar LNG from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th.

Golar LNG Price Performance

GLNG opened at $38.27 on Friday. The business has a 50 day simple moving average of $41.37 and a 200-day simple moving average of $38.10. The stock has a market capitalization of $4.00 billion, a P/E ratio of 273.38 and a beta of 0.55. Golar LNG has a 12 month low of $19.94 and a 12 month high of $44.36.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Barclays PLC lifted its stake in shares of Golar LNG by 431.3% in the third quarter. Barclays PLC now owns 185,018 shares of the shipping company’s stock worth $6,802,000 after acquiring an additional 150,195 shares in the last quarter. De Lisle Partners LLP increased its holdings in Golar LNG by 9.1% in the third quarter. De Lisle Partners LLP now owns 249,390 shares of the shipping company’s stock valued at $9,169,000 after buying an additional 20,890 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Golar LNG by 467.9% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,237,000 shares of the shipping company’s stock valued at $82,232,000 after buying an additional 1,843,100 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Golar LNG by 37.0% in the third quarter. JPMorgan Chase & Co. now owns 218,971 shares of the shipping company’s stock valued at $8,049,000 after buying an additional 59,188 shares during the last quarter. Finally, Royce & Associates LP increased its holdings in Golar LNG by 102.5% in the third quarter. Royce & Associates LP now owns 81,000 shares of the shipping company’s stock valued at $2,978,000 after buying an additional 41,000 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Golar LNG Company Profile

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.