Bank of America downgraded shares of Golar LNG (NASDAQ:GLNG) from a buy rating to an underperform rating in a research note issued to investors on Tuesday, Price Targets.com reports. Bank of America currently has $10.00 price objective on the shipping company’s stock.
GLNG has been the topic of a number of other research reports. Citigroup assumed coverage on shares of Golar LNG in a research report on Tuesday, March 2nd. They issued a neutral rating and a $13.00 price target on the stock. B. Riley boosted their price target on shares of Golar LNG from $13.00 to $20.50 and gave the stock a buy rating in a research report on Thursday, January 14th. They noted that the move was a valuation call. Finally, Jefferies Financial Group boosted their price target on shares of Golar LNG from $15.00 to $17.00 and gave the stock a buy rating in a research report on Friday, January 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Golar LNG presently has an average rating of Hold and a consensus price target of $13.42.
Shares of NASDAQ GLNG opened at $10.49 on Tuesday. Golar LNG has a 52-week low of $5.39 and a 52-week high of $15.12. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.15 and a current ratio of 0.15. The company’s 50 day moving average price is $10.92 and its 200-day moving average price is $9.96.
Golar LNG Company Profile
Golar LNG Limited provides infrastructure for the liquefaction, transportation, regasification, and downstream distribution 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, FLNG, and floating storage regasification units (FSRUs); and the development of gas to power projects, as well as LNG distribution operations.
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