Wall Street analysts predict that Golar LNG Limited (NASDAQ:GLNG) will report $93.58 million in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Golar LNG’s earnings, with estimates ranging from $65.00 million to $107.00 million. Golar LNG reported sales of $66.19 million during the same quarter last year, which indicates a positive year-over-year growth rate of 41.4%. The company is expected to issue its next earnings report on Thursday, May 30th.

According to Zacks, analysts expect that Golar LNG will report full-year sales of $446.61 million for the current year, with estimates ranging from $335.70 million to $550.13 million. For the next financial year, analysts expect that the firm will report sales of $549.13 million, with estimates ranging from $436.70 million to $647.12 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Golar LNG.

A number of brokerages have weighed in on GLNG. BidaskClub lowered Golar LNG from a “sell” rating to a “strong sell” rating in a research note on Friday, March 1st. Zacks Investment Research raised Golar LNG from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Friday, March 8th. Cowen reissued an “outperform” rating and set a $30.00 price target (down previously from $41.00) on shares of Golar LNG in a research note on Monday, March 4th. ValuEngine lowered Golar LNG from a “hold” rating to a “sell” rating in a research note on Tuesday, February 5th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Golar LNG in a research note on Friday, December 7th. Two research analysts have rated the stock with a sell rating and thirteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $33.18.

Hedge funds have recently added to or reduced their stakes in the company. Frontier Capital Management Co. LLC increased its holdings in shares of Golar LNG by 52.7% during the 4th quarter. Frontier Capital Management Co. LLC now owns 464,420 shares of the shipping company’s stock worth $10,106,000 after buying an additional 160,189 shares during the last quarter. BlackRock Inc. increased its holdings in Golar LNG by 1.9% in the 3rd quarter. BlackRock Inc. now owns 4,540,739 shares of the shipping company’s stock valued at $126,232,000 after purchasing an additional 83,274 shares in the last quarter. Pinnacle Associates Ltd. increased its holdings in Golar LNG by 1.8% in the 3rd quarter. Pinnacle Associates Ltd. now owns 448,762 shares of the shipping company’s stock valued at $12,476,000 after purchasing an additional 8,060 shares in the last quarter. Capital International Sarl increased its holdings in Golar LNG by 28.1% in the 3rd quarter. Capital International Sarl now owns 59,800 shares of the shipping company’s stock valued at $1,662,000 after purchasing an additional 13,100 shares in the last quarter. Finally, SCP Investment LP increased its holdings in Golar LNG by 16.2% in the 3rd 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 in the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Shares of Golar LNG stock traded down $0.15 during trading hours on Friday, reaching $21.58. 804,055 shares of the company’s stock were exchanged, compared to its average volume of 1,001,225. Golar LNG has a 52-week low of $20.10 and a 52-week high of $35.54. The firm has a market cap of $2.20 billion, a PE ratio of -56.79 and a beta of 0.75. The company has a quick ratio of 0.62, a current ratio of 0.65 and a debt-to-equity ratio of 1.01.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Thursday, March 14th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, March 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.78%. Golar LNG’s payout ratio is -157.89%.

Golar LNG Company Profile

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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Earnings History and Estimates for Golar LNG (NASDAQ:GLNG)

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