Equities research analysts expect Golar LNG Limited (NASDAQ:GLNG – Get Rating) to post $92.30 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Golar LNG’s earnings, with the highest sales estimate coming in at $108.33 million and the lowest estimate coming in at $80.13 million. Golar LNG posted sales of $118.34 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 22%. The business is expected to report its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Golar LNG will report full-year sales of $372.84 million for the current year, with estimates ranging from $274.55 million to $511.19 million. For the next fiscal year, analysts expect that the firm will post sales of $320.47 million, with estimates ranging from $247.22 million to $366.76 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Golar LNG.
Golar LNG (NASDAQ:GLNG – Get Rating) last posted its earnings results on Thursday, February 24th. The shipping company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.10 by $0.12. The firm had revenue of $115.39 million during the quarter, compared to the consensus estimate of $114.01 million. Golar LNG had a return on equity of 0.92% and a net margin of 91.35%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GLNG. Rubric Capital Management LP grew its stake in Golar LNG by 19.9% during the fourth quarter. Rubric Capital Management LP now owns 6,800,187 shares of the shipping company’s stock worth $84,254,000 after purchasing an additional 1,129,318 shares during the period. Norges Bank acquired a new stake in Golar LNG in the fourth quarter valued at approximately $11,331,000. Lonestar Capital Management LLC acquired a new stake in Golar LNG in the fourth quarter valued at approximately $11,151,000. Goldman Sachs Group Inc. grew its stake in Golar LNG by 177.4% in the third quarter. Goldman Sachs Group Inc. now owns 1,300,134 shares of the shipping company’s stock valued at $16,863,000 after acquiring an additional 831,443 shares during the period. Finally, Brightline Capital Management LLC acquired a new stake in Golar LNG in the third quarter valued at approximately $7,134,000. 82.17% of the stock is owned by institutional investors and hedge funds.
Golar LNG stock opened at $24.65 on Thursday. Golar LNG has a 12 month low of $10.01 and a 12 month high of $26.60. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $2.71 billion, a PE ratio of 6.61 and a beta of 0.73. The stock has a 50-day moving average price of $22.01 and a two-hundred day moving average price of $16.31.
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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