Golar LNG (NASDAQ:GLNG) Stock Rating Upgraded by StockNews.com

Golar LNG (NASDAQ:GLNG) was upgraded by stock analysts at StockNews.com to a “sell” rating in a research report issued on Thursday.

A number of other analysts also recently issued reports on GLNG. DNB Markets downgraded shares of Golar LNG from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Stifel Nicolaus raised their price target on shares of Golar LNG from $53.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, December 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Golar LNG has a consensus rating of “Moderate Buy” and an average target price of $50.13.

Golar LNG Stock Down 1.4 %

Shares of NASDAQ GLNG opened at $37.76 on Thursday. The firm’s 50-day moving average price is $38.85 and its 200-day moving average price is $38.36. The company has a market cap of $3.94 billion, a PE ratio of 269.73 and a beta of 0.78. Golar LNG has a 52-week low of $23.45 and a 52-week high of $44.36.

Institutional Investors Weigh In On Golar LNG

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GLNG. Public Employees Retirement System of Ohio bought a new stake in Golar LNG during the 3rd quarter worth approximately $32,000. USA Financial Formulas bought a new stake in Golar LNG during the 4th quarter worth approximately $61,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Golar LNG during the 4th quarter worth approximately $107,000. Blue Trust Inc. raised its position in shares of Golar LNG by 116.8% during the fourth quarter. Blue Trust Inc. now owns 2,975 shares of the shipping company’s stock valued at $126,000 after buying an additional 1,603 shares during the last quarter. Finally, J.Safra Asset Management Corp bought a new stake in shares of Golar LNG during the fourth quarter valued at approximately $141,000. Institutional investors own 92.21% of the company’s stock.

Golar LNG Company Profile

Golar LNG Limited designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels or projects; transportation of LNG carriers; and vessel management activities.