Shares of Golar LNG Limited (NASDAQ:GLNG – Get Free Report) hit a new 52-week high during trading on Monday after Stifel Nicolaus raised their price target on the stock from $34.00 to $55.00. Stifel Nicolaus currently has a buy rating on the stock. Golar LNG traded as high as $30.40 and last traded at $30.15, with a volume of 301110 shares trading hands. The stock had previously closed at $28.88.
GLNG has been the topic of several other reports. Deutsche Bank Aktiengesellschaft lifted their target price on Golar LNG from $28.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. StockNews.com cut Golar LNG from a “hold” rating to a “sell” rating in a report on Thursday, April 25th. Finally, BTIG Research raised their target price on shares of Golar LNG from $30.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $39.50.
View Our Latest Stock Analysis on GLNG
Institutional Inflows and Outflows
Golar LNG Stock Up 4.6 %
The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 28.24 and a beta of 0.61. The business’s 50-day moving average is $26.31 and its 200-day moving average is $23.89.
Golar LNG Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 10th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.31%. Golar LNG’s payout ratio is 95.24%.
About Golar LNG
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.
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