Golar LNG (NASDAQ:GLNG) Price Target Increased to $55.00 by Analysts at Stifel Nicolaus

Golar LNG (NASDAQ:GLNG) had its price target boosted by research analysts at Stifel Nicolaus from $34.00 to $55.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “buy” rating on the shipping company’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 85.50% from the company’s previous close.

A number of other analysts also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Golar LNG from $28.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. BTIG Research lifted their price target on shares of Golar LNG from $30.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Finally, StockNews.com downgraded shares of Golar LNG from a “hold” rating to a “sell” rating in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Golar LNG currently has a consensus rating of “Hold” and a consensus price target of $39.50.

Golar LNG Stock Up 2.7 %

Shares of GLNG stock opened at $29.65 on Monday. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 28.08 and a beta of 0.61. Golar LNG has a one year low of $19.62 and a one year high of $29.65. The company’s fifty day moving average price is $26.31 and its 200-day moving average price is $23.89. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.49 and a quick ratio of 1.49.

Institutional Trading of Golar LNG

Large investors have recently made changes to their positions in the business. Headlands Technologies LLC bought a new stake in shares of Golar LNG in the 4th quarter worth about $117,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Golar LNG by 26,805.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,112 shares of the shipping company’s stock worth $118,000 after buying an additional 5,093 shares during the last quarter. Cetera Trust Company N.A bought a new stake in shares of Golar LNG in the 4th quarter worth about $133,000. Aigen Investment Management LP bought a new stake in shares of Golar LNG in the 3rd quarter worth about $201,000. Finally, Kingswood Wealth Advisors LLC increased its holdings in shares of Golar LNG by 8.0% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 10,800 shares of the shipping company’s stock worth $248,000 after buying an additional 800 shares during the last quarter. 92.21% of the stock is currently owned by 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.