Golar LNG (NASDAQ:GLNG) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other brokerages also recently issued reports on GLNG. Zacks Investment Research upgraded Golar LNG from a “sell” rating to a “hold” rating in a report on Wednesday, November 29th. Jefferies Group initiated coverage on Golar LNG in a report on Monday, December 18th. They set a “buy” rating and a $39.00 price target on the stock. ABN Amro upgraded Golar LNG from a “hold” rating to a “buy” rating in a report on Monday, October 30th. Finally, Cowen boosted their price target on Golar LNG from $41.00 to $44.00 and gave the company an “outperform” rating in a report on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. Golar LNG has an average rating of “Buy” and a consensus price target of $35.17.

Golar LNG (GLNG) opened at $29.78 on Friday. The company has a market capitalization of $3,010.00, a PE ratio of -16.01, a PEG ratio of 15.67 and a beta of 0.96. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.77. Golar LNG has a twelve month low of $19.32 and a twelve month high of $31.64.

Large investors have recently made changes to their positions in the stock. Quantbot Technologies LP boosted its position in Golar LNG by 71.0% during the 2nd quarter. Quantbot Technologies LP now owns 6,233 shares of the shipping company’s stock valued at $138,000 after acquiring an additional 2,589 shares in the last quarter. Sei Investments Co. boosted its position in Golar LNG by 19.3% during the 2nd quarter. Sei Investments Co. now owns 6,511 shares of the shipping company’s stock valued at $145,000 after acquiring an additional 1,054 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Golar LNG by 104.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 7,552 shares of the shipping company’s stock valued at $168,000 after acquiring an additional 3,850 shares in the last quarter. Seven Eight Capital LP boosted its position in Golar LNG by 745.6% during the 2nd quarter. Seven Eight Capital LP now owns 8,870 shares of the shipping company’s stock valued at $197,000 after acquiring an additional 7,821 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its position in Golar LNG by 10.3% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 9,600 shares of the shipping company’s stock valued at $214,000 after acquiring an additional 900 shares in the last quarter. Institutional investors own 82.83% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This article was posted by Watch List News and is owned by of Watch List News. If you are reading this article on another site, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this article can be viewed at https://www.watchlistnews.com/bidaskclub-downgrades-golar-lng-glng-to-buy/1798524.html.

About Golar LNG

Golar LNG Limited is a midstream liquefied natural gas (LNG) company engaged primarily in the transportation, regasification, liquefaction and trading of LNG. The Company is engaged in the acquisition, ownership, operation and chartering of LNG carriers and Floating Storage Regasification Unit (FSRUs) through its subsidiaries and affiliates, and the development of LNG projects, such as floating LNGs (FLNGs).

Analyst Recommendations for Golar LNG (NASDAQ:GLNG)

Receive News & Ratings for Golar LNG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golar LNG and related companies with Analyst Ratings Network's FREE daily email newsletter.