Golar LNG (NASDAQ:GLNG) PT Lowered to $53.00 at Stifel Nicolaus

Golar LNG (NASDAQ:GLNG) had its target price decreased by Stifel Nicolaus from $55.00 to $53.00 in a research note issued to investors on Friday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the shipping company’s stock.

Several other equities research analysts have also issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Golar LNG from $43.00 to $56.00 and gave the stock a buy rating in a research note on Friday. StockNews.com downgraded Golar LNG from a hold rating to a sell rating in a research report on Wednesday, July 24th. B. Riley raised their price objective on Golar LNG from $35.50 to $44.50 and gave the company a buy rating in a report on Friday, July 19th. Finally, BTIG Research upped their target price on Golar LNG from $36.00 to $45.00 and gave the stock a buy rating in a research note on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $45.10.

Golar LNG Trading Down 1.3 %

Shares of NASDAQ:GLNG opened at $32.84 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.34. Golar LNG has a 12-month low of $19.94 and a 12-month high of $36.52. The business has a 50 day moving average of $32.28 and a two-hundred day moving average of $26.95. The company has a market capitalization of $3.43 billion, a PE ratio of 31.28 and a beta of 0.64.

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

Golar LNG Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, August 26th. This represents a $1.00 annualized dividend and a yield of 3.05%. Golar LNG’s dividend payout ratio (DPR) is currently 95.24%.

Hedge Funds Weigh In On Golar LNG

Several hedge funds and other institutional investors have recently made changes to their positions in GLNG. Lowe Wealth Advisors LLC acquired a new position in Golar LNG in the 2nd quarter valued at $45,000. EverSource Wealth Advisors LLC raised its position in shares of Golar LNG by 206.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,727 shares of the shipping company’s stock valued at $54,000 after buying an additional 1,163 shares during the last quarter. Quarry LP lifted its stake in shares of Golar LNG by 1,559.3% in the second quarter. Quarry LP now owns 2,323 shares of the shipping company’s stock worth $73,000 after buying an additional 2,183 shares in the last quarter. Banque Cantonale Vaudoise boosted its position in Golar LNG by 11.1% during the second quarter. Banque Cantonale Vaudoise now owns 4,185 shares of the shipping company’s stock worth $132,000 after acquiring an additional 417 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Golar LNG during the 4th quarter valued at about $117,000. Hedge funds and other 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.