Golar LNG Limited (NASDAQ:GLNG)‘s stock had its “outperform” rating restated by research analysts at Cowen and Company in a research note issued to investors on Thursday. They presently have a $45.00 price objective on the shipping company’s stock. Cowen and Company’s price objective points to a potential upside of 107.56% from the stock’s current price.

GLNG has been the subject of several other research reports. Citigroup Inc. restated a “buy” rating and issued a $28.00 price target (down previously from $29.00) on shares of Golar LNG Limited in a research note on Thursday, June 1st. Stifel Nicolaus restated a “buy” rating and issued a $36.00 price target on shares of Golar LNG Limited in a research report on Monday, August 21st. Zacks Investment Research upgraded Golar LNG Limited from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. BidaskClub cut Golar LNG Limited from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 10th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $32.00 price objective (down previously from $36.00) on shares of Golar LNG Limited in a research note on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. Golar LNG Limited has a consensus rating of “Buy” and an average target price of $34.14.

Shares of Golar LNG Limited (NASDAQ:GLNG) traded up 3.39% during trading on Thursday, hitting $21.68. The stock had a trading volume of 1,169,076 shares. The firm has a 50 day moving average price of $22.23 and a 200-day moving average price of $24.91. Golar LNG Limited has a 52 week low of $18.63 and a 52 week high of $29.18. The stock’s market capitalization is $2.12 billion.

Golar LNG Limited (NASDAQ:GLNG) last released its earnings results on Wednesday, August 30th. The shipping company reported ($0.51) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.40) by $0.11. Golar LNG Limited had a negative return on equity of 14.27% and a negative net margin of 180.38%. The company had revenue of $28.41 million during the quarter, compared to the consensus estimate of $17.03 million. On average, equities research analysts forecast that Golar LNG Limited will post ($1.50) EPS for the current fiscal year.

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Several large investors have recently modified their holdings of GLNG. Comerica Bank increased its stake in shares of Golar LNG Limited by 1.1% in the first quarter. Comerica Bank now owns 9,250 shares of the shipping company’s stock valued at $239,000 after buying an additional 105 shares during the last quarter. Amalgamated Bank increased its stake in shares of Golar LNG Limited by 1.0% in the second quarter. Amalgamated Bank now owns 12,181 shares of the shipping company’s stock valued at $271,000 after buying an additional 118 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Golar LNG Limited by 2.5% in the second quarter. Principal Financial Group Inc. now owns 11,939 shares of the shipping company’s stock valued at $266,000 after buying an additional 292 shares during the last quarter. Loomis Sayles & Co. L P increased its stake in shares of Golar LNG Limited by 1.7% in the first quarter. Loomis Sayles & Co. L P now owns 18,906 shares of the shipping company’s stock valued at $528,000 after buying an additional 319 shares during the last quarter. Finally, Fernwood Investment Management LLC increased its stake in shares of Golar LNG Limited by 0.6% in the first quarter. Fernwood Investment Management LLC now owns 78,050 shares of the shipping company’s stock valued at $2,180,000 after buying an additional 450 shares during the last quarter. Hedge funds and other institutional investors own 87.51% of the company’s stock.

Golar LNG Limited 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).

Analyst Recommendations for Golar LNG Limited (NASDAQ:GLNG)

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