Golar LNG (NASDAQ:GLNG) Rating Increased to Sell at StockNews.com

StockNews.com upgraded shares of Golar LNG (NASDAQ:GLNG) to a sell rating in a report published on Monday.

A number of other equities analysts have also recently weighed in on GLNG. Fearnley Fonds cut shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Golar LNG from $43.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Stifel Nicolaus reduced their price target on shares of Golar LNG from $55.00 to $53.00 and set a “buy” rating for the company in a report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $49.63.

Golar LNG Price Performance

GLNG opened at $42.13 on Monday. The company has a 50 day moving average of $37.97 and a two-hundred day moving average of $34.01. The company has a quick ratio of 1.28, a current ratio of 1.55 and a debt-to-equity ratio of 0.41. Golar LNG has a 52-week low of $19.94 and a 52-week high of $43.87. The company has a market cap of $4.40 billion, a P/E ratio of 300.95 and a beta of 0.60.

Golar LNG Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 25th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.37%. The ex-dividend date was Monday, November 25th. Golar LNG’s payout ratio is currently 714.34%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Tidal Investments LLC increased its stake in Golar LNG by 101.6% during the third quarter. Tidal Investments LLC now owns 38,076 shares of the shipping company’s stock valued at $1,400,000 after acquiring an additional 19,189 shares during the period. Barclays PLC grew its holdings in shares of Golar LNG by 431.3% during the 3rd quarter. Barclays PLC now owns 185,018 shares of the shipping company’s stock worth $6,802,000 after purchasing an additional 150,195 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Golar LNG during the third quarter valued at approximately $32,000. Luxor Capital Group LP acquired a new position in shares of Golar LNG in the third quarter valued at $10,286,000. Finally, Brookfield Corp ON lifted its holdings in shares of Golar LNG by 180.8% during the 3rd quarter. Brookfield Corp ON now owns 849,959 shares of the shipping company’s stock worth $31,244,000 after acquiring an additional 547,253 shares during the period. Institutional investors 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.