Golar LNG (NASDAQ:GLNG) Rating Lowered to Sell at Wall Street Zen

by · The Cerbat Gem

Golar LNG (NASDAQ:GLNG – Get Free Report) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Sunday.

Other equities research analysts have also issued reports about the company. Weiss Ratings restated a “hold (c+)” rating on shares of Golar LNG in a research note on Wednesday, November 26th. Citigroup initiated coverage on Golar LNG in a research report on Friday, October 10th. They issued a “buy” rating and a $51.00 price target for the company. The Goldman Sachs Group began coverage on Golar LNG in a research report on Monday, September 29th. They set a “buy” rating and a $54.00 price objective on the stock. Zacks Research downgraded Golar LNG from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Finally, B. Riley restated a “neutral” rating and set a $44.50 target price on shares of Golar LNG in a research note on Monday, August 25th. Three analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $50.42.

View Our Latest Analysis on Golar LNG

Golar LNG Trading Down 0.0%

Shares of NASDAQ:GLNG opened at $36.94 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.47 and a quick ratio of 0.85. Golar LNG has a 1 year low of $29.56 and a 1 year high of $45.98. The company has a market cap of $3.86 billion, a P/E ratio of -527.64 and a beta of 0.29. The stock’s fifty day moving average price is $38.78 and its 200-day moving average price is $40.40.

Institutional Trading of Golar LNG

Several institutional investors and hedge funds have recently made changes to their positions in the business. Danske Bank A S bought a new stake in Golar LNG during the third quarter valued at about $56,574,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in shares of Golar LNG during the first quarter valued at about $44,682,000. Encompass Capital Advisors LLC lifted its position in shares of Golar LNG by 73.8% during the first quarter. Encompass Capital Advisors LLC now owns 2,276,083 shares of the shipping company’s stock valued at $86,468,000 after buying an additional 966,692 shares during the last quarter. Nuveen LLC bought a new stake in shares of Golar LNG in the 1st quarter valued at about $33,975,000. Finally, Adage Capital Partners GP L.L.C. purchased a new position in shares of Golar LNG in the 2nd quarter worth approximately $24,714,000. 92.21% of the stock is currently owned by institutional investors.

About Golar LNG

(Get Free Report)

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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