Stifel Nicolaus Issues Positive Forecast for Golar LNG (NASDAQ:GLNG) Stock Price

Golar LNG (NASDAQ:GLNG) had its price target lifted by stock analysts at Stifel Nicolaus from $53.00 to $55.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the shipping company’s stock. Stifel Nicolaus’ target price points to a potential upside of 28.50% from the stock’s current price.

GLNG has been the subject of several other reports. StockNews.com upgraded shares of Golar LNG to a “sell” rating in a research note on Monday, December 9th. Fearnley Fonds downgraded shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $50.13.

Golar LNG Stock Up 2.3 %

Shares of GLNG stock opened at $42.80 on Tuesday. Golar LNG has a twelve month low of $19.94 and a twelve month high of $44.08. The stock has a market cap of $4.47 billion, a P/E ratio of 305.74 and a beta of 0.61. The stock has a 50 day moving average of $38.80 and a 200 day moving average of $35.26. The company has a current ratio of 1.55, a quick ratio of 1.28 and a debt-to-equity ratio of 0.41.

Institutional Investors Weigh In On Golar LNG

Institutional investors have recently bought and sold shares of the company. Banque Cantonale Vaudoise lifted its position in shares of Golar LNG by 11.1% in the second quarter. Banque Cantonale Vaudoise now owns 4,185 shares of the shipping company’s stock valued at $132,000 after acquiring an additional 417 shares in the last quarter. Beck Capital Management LLC raised its stake in Golar LNG by 0.7% in the 2nd quarter. Beck Capital Management LLC now owns 75,114 shares of the shipping company’s stock valued at $2,355,000 after purchasing an additional 558 shares during the last quarter. Blue Trust Inc. raised its stake in Golar LNG by 105.1% in the 3rd quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company’s stock valued at $50,000 after purchasing an additional 703 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Golar LNG in the 3rd quarter valued at $32,000. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Golar LNG by 2.9% during the second quarter. The Manufacturers Life Insurance Company now owns 35,580 shares of the shipping company’s stock worth $1,115,000 after buying an additional 992 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

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.