Golar LNG (NASDAQ:GLNG) Stock Rating Upgraded by StockNews.com

Golar LNG (NASDAQ:GLNG) was upgraded by equities researchers at StockNews.com to a “sell” rating in a research note issued on Monday.

Other equities research analysts have also recently issued reports about the stock. Stifel Nicolaus decreased their price objective 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. Fearnley Fonds downgraded Golar LNG from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Golar LNG from $43.00 to $56.00 and gave the company a “buy” rating in a report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $49.63.

Golar LNG Stock Up 1.3 %

Golar LNG stock opened at $42.68 on Monday. The firm’s 50 day moving average price is $38.06 and its two-hundred day moving average price is $34.12. The firm has a market cap of $4.46 billion, a PE ratio of 304.86 and a beta of 0.60. Golar LNG has a twelve month low of $19.94 and a twelve month high of $43.87. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.28 and a current ratio of 1.55.

Institutional Investors Weigh In On Golar LNG

Institutional investors and hedge funds have recently modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Golar LNG by 467.9% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,237,000 shares of the shipping company’s stock worth $82,232,000 after purchasing an additional 1,843,100 shares during the period. Clearline Capital LP acquired a new stake in Golar LNG during the 3rd quarter worth $36,865,000. American Century Companies Inc. lifted its holdings in Golar LNG by 53.7% during the second quarter. American Century Companies Inc. now owns 1,732,655 shares of the shipping company’s stock worth $54,319,000 after acquiring an additional 605,499 shares in the last quarter. Brookfield Corp ON lifted its holdings in Golar LNG by 180.8% during the third 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 in the last quarter. Finally, Appian Way Asset Management LP acquired a new position in Golar LNG in the third quarter valued at about $15,351,000. 92.21% of the stock is owned by institutional investors.

About Golar LNG

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.