Golar LNG (NASDAQ:GLNG) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Golar LNG Limited (NASDAQ:GLNG) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $35.76 and traded as high as $42.67. Golar LNG shares last traded at $42.32, with a volume of 1,635,573 shares.

Analysts Set New Price Targets

Several research firms recently commented on GLNG. Fearnley Fonds lowered Golar LNG from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. StockNews.com raised shares of Golar LNG to a “sell” rating in a research note on Monday, December 9th. Finally, Stifel Nicolaus boosted their target price on shares of Golar LNG from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, December 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Golar LNG presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.13.

Golar LNG Price Performance

The firm has a market capitalization of $4.42 billion, a PE ratio of 302.31 and a beta of 0.61. The company has a quick ratio of 1.28, a current ratio of 1.55 and a debt-to-equity ratio of 0.41. The stock has a 50-day moving average price of $39.25 and a 200 day moving average price of $35.76.

Golar LNG Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 25th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Monday, November 25th. Golar LNG’s payout ratio is 714.29%.

Institutional Trading of Golar LNG

Institutional investors and hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio purchased a new position in Golar LNG in the 3rd quarter valued at about $32,000. Blue Trust Inc. raised its holdings in shares of Golar LNG by 105.1% during the third quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company’s stock valued at $50,000 after acquiring an additional 703 shares during the last quarter. Sound Income Strategies LLC purchased a new position in shares of Golar LNG in the third quarter valued at approximately $52,000. EverSource Wealth Advisors LLC boosted its stake in shares of Golar LNG by 206.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,727 shares of the shipping company’s stock worth $54,000 after acquiring an additional 1,163 shares during the last quarter. Finally, CWM LLC increased its position in shares of Golar LNG by 830.9% during the third quarter. CWM LLC now owns 1,657 shares of the shipping company’s stock worth $61,000 after purchasing an additional 1,479 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

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.