Militia Capital Partners LP Takes Position in Golar LNG Limited $GLNG

Militia Capital Partners LP bought a new stake in Golar LNG Limited (NASDAQ:GLNG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 43,398 shares of the shipping company’s stock, valued at approximately $1,754,000.

A number of other institutional investors have also recently bought and sold shares of the business. Adage Capital Partners GP L.L.C. acquired a new position in shares of Golar LNG in the 2nd quarter valued at $24,714,000. Appian Way Asset Management LP boosted its position in shares of Golar LNG by 34.8% during the 3rd quarter. Appian Way Asset Management LP now owns 1,633,582 shares of the shipping company’s stock valued at $66,013,000 after acquiring an additional 421,375 shares in the last quarter. Two Seas Capital LP increased its stake in Golar LNG by 76.2% in the second quarter. Two Seas Capital LP now owns 909,355 shares of the shipping company’s stock valued at $37,456,000 after acquiring an additional 393,406 shares during the period. Canada Pension Plan Investment Board raised its position in Golar LNG by 153.1% in the second quarter. Canada Pension Plan Investment Board now owns 602,434 shares of the shipping company’s stock worth $24,814,000 after purchasing an additional 364,421 shares in the last quarter. Finally, Man Group plc raised its position in Golar LNG by 536.2% in the third quarter. Man Group plc now owns 292,466 shares of the shipping company’s stock worth $11,819,000 after purchasing an additional 246,494 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Golar LNG Price Performance

Shares of Golar LNG stock opened at $44.86 on Tuesday. The company has a current ratio of 2.55, a quick ratio of 1.32 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 70.09 and a beta of 0.18. Golar LNG Limited has a 1-year low of $29.56 and a 1-year high of $47.48. The firm’s 50-day moving average price is $42.46 and its two-hundred day moving average price is $40.20.

Golar LNG (NASDAQ:GLNG) last posted its earnings results on Wednesday, February 25th. The shipping company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.08). The firm had revenue of $132.81 million during the quarter, compared to the consensus estimate of $123.29 million. Golar LNG had a net margin of 16.69% and a return on equity of 6.24%. On average, equities analysts predict that Golar LNG Limited will post 1.39 earnings per share for the current fiscal year.

Golar LNG Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Monday, March 9th will be given a $0.25 dividend. The ex-dividend date is Monday, March 9th. This represents a $1.00 annualized dividend and a yield of 2.2%. Golar LNG’s payout ratio is presently 156.25%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Zacks Research raised Golar LNG from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. The Goldman Sachs Group set a $56.00 target price on Golar LNG in a research report on Monday, February 2nd. BTIG Research boosted their price target on Golar LNG from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Wall Street Zen cut Golar LNG from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Golar LNG in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $50.50.

Golar LNG Profile

Golar LNG Ltd. is a leading owner and operator of liquefied natural gas (LNG) carriers and floating infrastructure. The company specializes in the transportation of LNG on long-term and spot charters for major energy firms around the world. In addition to shipping, Golar LNG has broadened its services to include project development and the conversion of existing carriers into Floating Liquefied Natural Gas (FLNG) and Floating Storage and Regasification Unit (FSRU) vessels.

Since pioneering the first purpose-built FLNG conversion project, Golar LNG has been at the forefront of offshore gas monetization.