BidaskClub downgraded shares of Golar LNG (NASDAQ:GLNG) from a sell rating to a strong sell rating in a report released on Saturday, BidAskClub reports.

A number of other research analysts also recently issued reports on the company. B. Riley set a $21.00 price objective on Golar LNG and gave the company a buy rating in a research note on Friday, October 11th. TheStreet downgraded Golar LNG from a c- rating to a d+ rating in a research note on Friday, August 16th. Scotiabank set a $23.00 price target on Golar LNG and gave the stock a buy rating in a research note on Monday, September 30th. Citigroup downgraded Golar LNG from a buy rating to a neutral rating in a research note on Tuesday, October 29th. Finally, ValuEngine raised Golar LNG from a sell rating to a hold rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $20.75.

Shares of NASDAQ:GLNG traded down $0.39 during midday trading on Friday, reaching $12.40. The company’s stock had a trading volume of 52,779 shares, compared to its average volume of 1,025,415. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of -32.66 and a beta of 0.85. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a 50 day moving average price of $13.91 and a two-hundred day moving average price of $15.61. Golar LNG has a fifty-two week low of $11.07 and a fifty-two week high of $28.08.

Golar LNG (NASDAQ:GLNG) last announced its quarterly earnings data on Thursday, August 29th. The shipping company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.28). The business had revenue of $82.32 million during the quarter, compared to analyst estimates of $85.10 million. Golar LNG had a negative net margin of 77.74% and a negative return on equity of 4.26%. As a group, research analysts anticipate that Golar LNG will post -1.18 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of the stock. CNA Financial Corp raised its stake in Golar LNG by 13.7% during the 3rd quarter. CNA Financial Corp now owns 63,153 shares of the shipping company’s stock worth $820,000 after buying an additional 7,600 shares during the period. Creative Planning acquired a new position in Golar LNG during the 3rd quarter worth approximately $404,000. Russell Investments Group Ltd. increased its holdings in Golar LNG by 46.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 20,436 shares of the shipping company’s stock worth $265,000 after purchasing an additional 6,485 shares in the last quarter. Sciencast Management LP bought a new stake in Golar LNG during the 3rd quarter worth approximately $232,000. Finally, California Public Employees Retirement System increased its holdings in Golar LNG by 95.8% during the 3rd quarter. California Public Employees Retirement System now owns 175,446 shares of the shipping company’s stock worth $2,279,000 after purchasing an additional 85,841 shares in the last quarter. 68.76% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Golar LNG (NASDAQ:GLNG)

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