Golar LNG (NASDAQ:GLNG) Reaches New 12-Month High at $25.90

Golar LNG Limited (NASDAQ:GLNG) shares hit a new 52-week high on Thursday . The company traded as high as $25.90 and last traded at $25.68, with a volume of 152500 shares trading hands. The stock had previously closed at $25.42.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Golar LNG from a “sell” rating to a “hold” rating in a research note on Wednesday.

Golar LNG Price Performance

The business’s 50 day moving average is $22.67 and its two-hundred day moving average is $22.58. The firm has a market capitalization of $2.61 billion, a PE ratio of -58.07 and a beta of 0.61. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.49 and a quick ratio of 1.49.

Golar LNG (NASDAQ:GLNG) last announced its earnings results on Thursday, February 29th. The shipping company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.40. The business had revenue of $78.65 million for the quarter, compared to the consensus estimate of $76.85 million. Golar LNG had a negative net margin of 15.68% and a positive return on equity of 11.67%. As a group, research analysts anticipate that Golar LNG Limited will post 1.66 EPS for the current year.

Golar LNG Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Tuesday, March 12th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.00%. The ex-dividend date was Monday, March 11th. Golar LNG’s dividend payout ratio (DPR) is presently -232.55%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Rubric Capital Management LP raised its stake in shares of Golar LNG by 0.8% during the third quarter. Rubric Capital Management LP now owns 6,506,757 shares of the shipping company’s stock worth $157,854,000 after acquiring an additional 50,000 shares in the last quarter. BlackRock Inc. increased its stake in shares of Golar LNG by 1.3% in the third quarter. BlackRock Inc. now owns 5,135,244 shares of the shipping company’s stock worth $127,971,000 after buying an additional 68,288 shares during the period. FMR LLC increased its stake in shares of Golar LNG by 27.9% in the third quarter. FMR LLC now owns 4,427,697 shares of the shipping company’s stock worth $107,416,000 after buying an additional 965,932 shares during the period. Millennium Management LLC increased its stake in shares of Golar LNG by 241.0% in the fourth quarter. Millennium Management LLC now owns 3,242,059 shares of the shipping company’s stock worth $73,887,000 after buying an additional 2,291,392 shares during the period. Finally, Donald Smith & CO. Inc. increased its stake in shares of Golar LNG by 197.1% in the fourth quarter. Donald Smith & CO. Inc. now owns 2,716,761 shares of the shipping company’s stock worth $62,458,000 after buying an additional 1,802,470 shares during the period. 92.21% of the stock is owned by hedge funds and other institutional investors.

Golar LNG Company Profile

Golar LNG Limited designs, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It also engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels; operation of the transportation of LNG carriers; and vessel management.