Golar LNG Limited (GLNG) Getting Somewhat Positive Press Coverage, Study Finds
News headlines about Golar LNG Limited (NASDAQ:GLNG) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Golar LNG Limited earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the shipping company an impact score of 46.5084444307676 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the headlines that may have effected Accern’s analysis:
- Golar LNG Limited (GLNG) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- Is The Stock A Good Investment? – Golar LNG Limited, (NASDAQ: GLNG) – Stock Watch (stocksnewstimes.com)
- Golar LNG Limited (GLNG) Standout Institutional Ownership of 98.90%- Aon plc (AON) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Golar LNG Limited (GLNG) – Analysis about Insider Investors – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Pinnacle Associates Ltd Sells A Little More Golar Lng Ltd (GLNG) Stock Last Quarter – First News 24 (firstnewspaper24.com)
A number of brokerages recently issued reports on GLNG. Zacks Investment Research upgraded Golar LNG Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Citigroup Inc. reduced their target price on Golar LNG Limited from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, August 17th. Stifel Nicolaus restated a “buy” rating and issued a $36.00 target price on shares of Golar LNG Limited in a research note on Monday, August 21st. ValuEngine downgraded Golar LNG Limited from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Finally, ABN Amro raised Golar LNG Limited from a “hold” rating to a “buy” rating in a research report on Monday, October 30th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. Golar LNG Limited presently has a consensus rating of “Hold” and an average target price of $34.67.
Shares of Golar LNG Limited (GLNG) traded up $0.19 on Thursday, reaching $22.96. The company’s stock had a trading volume of 508,954 shares, compared to its average volume of 1,190,646. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.51 and a current ratio of 0.51. Golar LNG Limited has a 12 month low of $19.32 and a 12 month high of $29.18.
Golar LNG Limited (NASDAQ:GLNG) last announced its quarterly earnings results on Wednesday, August 30th. The shipping company reported ($0.51) earnings per share for the quarter, missing the consensus estimate of ($0.40) by ($0.11). Golar LNG Limited had a negative return on equity of 7.78% and a negative net margin of 179.35%. The company had revenue of $28.41 million for the quarter, compared to analyst estimates of $17.03 million. analysts expect that Golar LNG Limited will post -1.73 EPS for the current year.
About Golar LNG Limited
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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