Golar LNG (GLNG) Now Covered by Jefferies Group
Stock analysts at Jefferies Group started coverage on shares of Golar LNG (NASDAQ:GLNG) in a research report issued on Monday. The firm set a “buy” rating and a $39.00 price target on the shipping company’s stock. Jefferies Group’s price objective would suggest a potential upside of 35.37% from the company’s previous close.
Several other research firms have also commented on GLNG. BidaskClub upgraded Golar LNG from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 15th. Cowen raised their price target on Golar LNG from $41.00 to $44.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 12th. Zacks Investment Research upgraded Golar LNG from a “sell” rating to a “hold” rating in a research report on Wednesday, November 29th. ValuEngine lowered Golar LNG from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Finally, Morgan Stanley restated an “overweight” rating and set a $31.00 price target (down from $32.00) on shares of Golar LNG in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $35.17.
Golar LNG (NASDAQ:GLNG) opened at $28.81 on Monday. Golar LNG has a 52-week low of $19.32 and a 52-week high of $29.36. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.41 and a current ratio of 0.41.
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Golar LNG Company Profile
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).
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