BidaskClub downgraded shares of Golar LNG (NASDAQ:GLNG) from a sell rating to a strong sell rating in a report published on Wednesday.

Other analysts have also issued research reports about the company. Zacks Investment Research lowered Golar LNG from a buy rating to a hold rating in a research note on Monday, March 18th. Stifel Nicolaus set a $36.00 target price on Golar LNG and gave the stock a buy rating in a research note on Thursday, December 20th. Cowen set a $41.00 target price on Golar LNG and gave the stock a buy rating in a research note on Sunday, December 30th. ValuEngine lowered Golar LNG from a hold rating to a sell rating in a research note on Tuesday, February 5th. Finally, Jefferies Financial Group reiterated a buy rating on shares of Golar LNG in a research note on Friday, December 7th. Two equities research analysts have rated the stock with a sell rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $33.27.

GLNG stock opened at $21.47 on Wednesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.62 and a current ratio of 0.65. Golar LNG has a twelve month low of $20.10 and a twelve month high of $35.54. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of -56.50 and a beta of 0.75.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Thursday, March 14th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, March 13th. This represents a $0.60 annualized dividend and a dividend yield of 2.79%. Golar LNG’s dividend payout ratio is currently -157.89%.

Institutional investors have recently made changes to their positions in the company. Frontier Capital Management Co. LLC increased its stake in shares of Golar LNG by 52.7% during the fourth quarter. Frontier Capital Management Co. LLC now owns 464,420 shares of the shipping company’s stock valued at $10,106,000 after buying an additional 160,189 shares during the period. BlackRock Inc. increased its stake in shares of Golar LNG by 1.9% during the third quarter. BlackRock Inc. now owns 4,540,739 shares of the shipping company’s stock valued at $126,232,000 after buying an additional 83,274 shares during the period. Capital International Sarl increased its stake in shares of Golar LNG by 28.1% during the third quarter. Capital International Sarl now owns 59,800 shares of the shipping company’s stock valued at $1,662,000 after buying an additional 13,100 shares during the period. Legato Capital Management LLC purchased a new position in shares of Golar LNG during the fourth quarter valued at $391,000. Finally, SCP Investment LP grew its stake in Golar LNG by 16.2% in the third quarter. SCP Investment LP now owns 116,155 shares of the shipping company’s stock valued at $3,229,000 after purchasing an additional 16,155 shares during the last quarter. Hedge funds and other institutional investors own 75.03% of the company’s stock.

About Golar LNG

Golar LNG Limited, a midstream liquefied natural gas (LNG) company, engages in the transportation, regasification, and liquefaction of LNG. It operates through three segments: Vessel operations, Floating Liquefaction Natural Gas Vessel (FLNG), and Power. The company engages in the acquisition, ownership, operation, and chartering of LNG carriers and floating storage regasification units (FSRUs); and the development of LNG projects.

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Analyst Recommendations for Golar LNG (NASDAQ:GLNG)

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