Golar LNG (NASDAQ:GLNG) Raised to “Hold” at Wall Street Zen

Golar LNG (NASDAQ:GLNG) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Monday.

Several other equities analysts also recently commented on GLNG. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Golar LNG in a research note on Tuesday, December 2nd. B. Riley reaffirmed a “neutral” rating and set a $44.50 price target on shares of Golar LNG in a research report on Monday, August 25th. Zacks Research lowered Golar LNG from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. BTIG Research reissued a “buy” rating and set a $50.00 target price on shares of Golar LNG in a research note on Wednesday, November 5th. Finally, The Goldman Sachs Group started coverage on Golar LNG in a report on Monday, September 29th. They set a “buy” rating and a $54.00 target price for the company. Three investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.42.

Golar LNG Trading Down 1.2%

NASDAQ:GLNG opened at $38.27 on Monday. The firm has a market capitalization of $4.00 billion, a P/E ratio of 67.14 and a beta of 0.18. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.61. The company has a fifty day moving average of $38.57 and a 200 day moving average of $40.37. Golar LNG has a 52 week low of $29.56 and a 52 week high of $45.98.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd grew its holdings in Golar LNG by 278.2% in the third quarter. Caitong International Asset Management Co. Ltd now owns 658 shares of the shipping company’s stock worth $27,000 after purchasing an additional 484 shares during the period. Quarry LP purchased a new stake in shares of Golar LNG in the 1st quarter worth approximately $26,000. SVB Wealth LLC purchased a new stake in shares of Golar LNG in the 1st quarter worth approximately $31,000. Signaturefd LLC increased its position in Golar LNG by 64.6% during the 2nd quarter. Signaturefd LLC now owns 856 shares of the shipping company’s stock valued at $35,000 after buying an additional 336 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Golar LNG by 281.9% during the third quarter. Smartleaf Asset Management LLC now owns 909 shares of the shipping company’s stock valued at $37,000 after buying an additional 671 shares during the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

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.