Golar LNG (NASDAQ:GLNG) had its target price lowered by research analysts at Stifel Nicolaus from $30.00 to $27.00 in a research report issued on Wednesday, BenzingaRatingsTable reports. The brokerage currently has a “buy” rating on the shipping company’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 97.51% from the stock’s current price.

GLNG has been the subject of several other research reports. ValuEngine upgraded shares of Golar LNG from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. TheStreet cut shares of Golar LNG from a “c-” rating to a “d+” rating in a research report on Friday, August 16th. Zacks Investment Research upgraded shares of Golar LNG from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Monday, April 29th. BidaskClub cut shares of Golar LNG from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 8th. Finally, Cowen restated an “outperform” rating and issued a $22.00 price objective (down previously from $30.00) on shares of Golar LNG in a research report on Tuesday, June 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $31.11.

GLNG traded up $0.39 during midday trading on Wednesday, hitting $13.67. The company had a trading volume of 8,328 shares, compared to its average volume of 1,315,429. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.51 and a current ratio of 0.51. The company has a market capitalization of $1.38 billion, a PE ratio of -35.84 and a beta of 0.66. Golar LNG has a twelve month low of $12.43 and a twelve month high of $30.29. The firm’s 50-day simple moving average is $16.21 and its 200-day simple moving average is $19.11.

Golar LNG (NASDAQ:GLNG) last posted its quarterly earnings data on Tuesday, May 21st. The shipping company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.11). The company had revenue of $97.79 million during the quarter, compared to analyst estimates of $88.87 million. Golar LNG had a negative net margin of 52.68% and a negative return on equity of 2.93%. As a group, sell-side analysts anticipate that Golar LNG will post -0.64 EPS for the current fiscal year.

Large investors have recently modified their holdings of the company. Capital Bank & Trust Co acquired a new stake in shares of Golar LNG during the 2nd quarter worth approximately $43,000. Resources Investment Advisors LLC. bought a new position in Golar LNG in the second quarter valued at approximately $55,000. Nisa Investment Advisors LLC lifted its stake in Golar LNG by 674.2% in the second quarter. Nisa Investment Advisors LLC now owns 3,445 shares of the shipping company’s stock valued at $64,000 after buying an additional 3,000 shares in the last quarter. Aperio Group LLC bought a new position in Golar LNG in the second quarter valued at approximately $92,000. Finally, Advisor Group Inc. lifted its stake in Golar LNG by 86.2% in the second quarter. Advisor Group Inc. now owns 5,547 shares of the shipping company’s stock valued at $103,000 after buying an additional 2,568 shares in the last quarter. Institutional investors own 67.80% of the company’s stock.

About Golar LNG

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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