Golar LNG Limited Plans Quarterly Dividend of $0.25 (NASDAQ:GLNG)

Golar LNG Limited (NASDAQ:GLNG) declared a quarterly dividend on Thursday, August 15th, Zacks reports. Investors of record on Monday, August 26th will be paid a dividend of 0.25 per share by the shipping company on Tuesday, September 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Monday, August 26th.

Golar LNG has a payout ratio of 47.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Golar LNG to earn $1.95 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 51.3%.

Golar LNG Price Performance

Shares of GLNG opened at $33.10 on Friday. The business’s 50-day moving average is $32.15 and its two-hundred day moving average is $26.81. The company has a market capitalization of $3.46 billion, a P/E ratio of 31.68 and a beta of 0.64. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.49 and a current ratio of 1.49. Golar LNG has a fifty-two week low of $19.94 and a fifty-two week high of $36.52.

Golar LNG (NASDAQ:GLNG) last posted its earnings results on Tuesday, May 28th. The shipping company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $63.19 million for the quarter, compared to analysts’ expectations of $72.27 million. Golar LNG had a return on equity of 10.15% and a net margin of 38.11%. Research analysts predict that Golar LNG will post 1.88 earnings per share for the current year.

Analysts Set New Price Targets

GLNG has been the topic of a number of research reports. B. Riley raised their price target on shares of Golar LNG from $35.50 to $44.50 and gave the company a “buy” rating in a research note on Friday, July 19th. BTIG Research raised their price target on shares of Golar LNG from $36.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. StockNews.com lowered shares of Golar LNG from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Golar LNG from $43.00 to $56.00 and gave the company a “buy” rating in a research note on Friday. Finally, Stifel Nicolaus decreased their target price on shares of Golar LNG from $55.00 to $53.00 and set a “buy” rating on the stock in a research note on Friday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $45.10.

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.