Analysts Set Golar LNG Limited (NASDAQ:GLNG) PT at $50.13

Shares of Golar LNG Limited (NASDAQ:GLNG) have earned an average rating of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $50.13.

GLNG has been the topic of a number of recent research reports. DNB Markets cut shares of Golar LNG from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. StockNews.com raised shares of Golar LNG to a “sell” rating in a research report on Monday, December 9th. Fearnley Fonds cut shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. 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.

Golar LNG Stock Down 0.3 %

Shares of GLNG stock opened at $38.34 on Friday. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 273.87 and a beta of 0.55. Golar LNG has a fifty-two week low of $19.94 and a fifty-two week high of $44.36. The firm’s 50 day moving average price is $41.25 and its two-hundred day moving average price is $38.14.

Institutional Trading of Golar LNG

A number of large investors have recently modified their holdings of the company. Summit Investment Advisors Inc. increased its stake in Golar LNG by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 10,354 shares of the shipping company’s stock valued at $438,000 after buying an additional 328 shares during the period. Mariner LLC increased its stake in Golar LNG by 7.4% during the 4th quarter. Mariner LLC now owns 5,995 shares of the shipping company’s stock valued at $254,000 after buying an additional 414 shares during the period. Kingswood Wealth Advisors LLC increased its stake in Golar LNG by 5.0% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 10,500 shares of the shipping company’s stock valued at $444,000 after buying an additional 500 shares during the period. Metis Global Partners LLC increased its stake in Golar LNG by 9.8% during the 4th quarter. Metis Global Partners LLC now owns 5,996 shares of the shipping company’s stock valued at $254,000 after buying an additional 534 shares during the period. Finally, Blue Trust Inc. increased its stake in Golar LNG by 105.1% during the 3rd quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company’s stock valued at $50,000 after buying an additional 703 shares during the period. Institutional investors and hedge funds 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.