Jefferies Financial Group Weighs in on Golar LNG Limited’s Q1 2022 Earnings (NASDAQ:GLNG)

Golar LNG Limited (NASDAQ:GLNGGet Rating) – Analysts at Jefferies Financial Group upped their Q1 2022 earnings per share (EPS) estimates for shares of Golar LNG in a research note issued on Wednesday, April 27th. Jefferies Financial Group analyst R. Giveans now expects that the shipping company will post earnings of $0.34 per share for the quarter, up from their prior forecast of $0.30. Jefferies Financial Group has a “Buy” rating on the stock. Jefferies Financial Group also issued estimates for Golar LNG’s Q3 2022 earnings at $0.19 EPS and FY2023 earnings at $1.08 EPS.

Golar LNG (NASDAQ:GLNGGet Rating) last posted its quarterly earnings data on Thursday, February 24th. The shipping company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.10 by $0.12. The firm had revenue of $115.39 million during the quarter, compared to analyst estimates of $114.01 million. Golar LNG had a return on equity of 0.92% and a net margin of 91.35%.

A number of other equities research analysts have also issued reports on the company. Zacks Investment Research upgraded Golar LNG from a “hold” rating to a “strong-buy” rating and set a $17.00 price target for the company in a research note on Tuesday, February 15th. BTIG Research increased their price target on Golar LNG from $20.00 to $30.00 and gave the stock a “buy” rating in a research note on Monday, March 14th. TheStreet upgraded Golar LNG from a “d+” rating to a “c-” rating in a research note on Wednesday, March 23rd. StockNews.com assumed coverage on Golar LNG in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Bank of America upgraded Golar LNG from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $14.00 to $19.50 in a research note on Thursday, March 3rd. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $23.30.

Shares of GLNG stock opened at $23.08 on Friday. Golar LNG has a 52-week low of $10.01 and a 52-week high of $26.60. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.50 and a current ratio of 0.71. The firm has a market capitalization of $2.54 billion, a PE ratio of 6.19 and a beta of 0.70. The stock has a fifty day simple moving average of $21.39 and a two-hundred day simple moving average of $16.01.

Several institutional investors have recently modified their holdings of GLNG. TCI Wealth Advisors Inc. grew its position in shares of Golar LNG by 39.4% during the first quarter. TCI Wealth Advisors Inc. now owns 1,734 shares of the shipping company’s stock valued at $43,000 after purchasing an additional 490 shares in the last quarter. Ahrens Investment Partners LLC purchased a new position in shares of Golar LNG during the first quarter valued at about $50,000. Advisor Group Holdings Inc. lifted its holdings in shares of Golar LNG by 141.9% in the 3rd quarter. Advisor Group Holdings Inc. now owns 7,067 shares of the shipping company’s stock valued at $92,000 after acquiring an additional 4,145 shares during the last quarter. Franklin Resources Inc. bought a new position in shares of Golar LNG in the 3rd quarter valued at about $132,000. Finally, AlphaCrest Capital Management LLC bought a new position in shares of Golar LNG in the 4th quarter valued at about $135,000. Hedge funds and other institutional investors own 55.08% of the company’s stock.

About Golar LNG (Get Rating)

Golar LNG Limited provides infrastructure for the liquefaction, transportation, and regasification of LNG. It operates through Shipping, FLNG, and Power segments. The company engages in the acquisition, ownership, operation, and chartering of LNG carriers, Floating Liquefaction Natural Gas Vessel (FLNG), and floating storage regasification units (FSRUs), as well as operates external vessels.

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