Golar LNG Limited (NASDAQ:GLNG) Stock Has Consensus Target Price of $68.67

Shares of Golar LNG Limited (NASDAQ:GLNG) have received an average rating of “Buy” from the six analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $68.67.

Several research analysts have weighed in on the stock. Pareto Securities raised shares of Golar LNG from a “hold” rating to a “buy” rating in a research note on Monday, August 24th. Weiss Ratings raised shares of Golar LNG from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Finally, BTIG Research boosted their price target on shares of Golar LNG from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, September 24th.

Institutional Trading of Golar LNG

Several institutional investors have recently added to or reduced their stakes in GLNG. Empowered Funds LLC boosted its position in shares of Golar LNG by 1.4% during the third quarter. Empowered Funds LLC now owns 70,410 shares of the shipping company’s stock worth $3,346,000 after buying an additional 963 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Golar LNG by 305.9% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 961,600 shares of the shipping company’s stock valued at $45,695,000 after buying an additional 724,700 shares in the last quarter. HighVista Strategies LLC raised its holdings in shares of Golar LNG by 95.5% in the 3rd quarter. HighVista Strategies LLC now owns 43,200 shares of the shipping company’s stock valued at $2,053,000 after buying an additional 21,100 shares during the period. Texas Yale Capital Corp. raised its holdings in shares of Golar LNG by 11.6% in the 3rd quarter. Texas Yale Capital Corp. now owns 71,916 shares of the shipping company’s stock valued at $3,417,000 after buying an additional 7,500 shares during the period. Finally, Kayne Anderson Capital Advisors LP purchased a new stake in shares of Golar LNG in the 3rd quarter valued at $20,529,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Golar LNG Trading Up 0.1%

NASDAQ:GLNG traded up $0.05 on Tuesday, reaching $43.02. The company’s stock had a trading volume of 998,947 shares, compared to its average volume of 1,367,357. Golar LNG has a 12-month low of $35.02 and a 12-month high of $57.79. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 1.11. The firm has a market cap of $4.36 billion, a price-to-earnings ratio of 26.89 and a beta of 0.15. The stock has a 50 day moving average price of $47.55 and a 200 day moving average price of $49.48.

About Golar LNG

Golar LNG Limited is an international provider of liquefied natural gas (LNG) infrastructure, with a primary focus on floating LNG (FLNG) technology. The company develops and operates floating facilities that process natural gas offshore and convert it into LNG for transport to customers. Its business includes FLNG vessel ownership and operations, along with related project development and infrastructure services. By locating liquefaction facilities near offshore gas resources, Golar aims to help bring gas reserves to market without relying solely on onshore processing plants.