Golar LNG (NASDAQ:GLNG) Upgraded by StockNews.com to “Sell” Rating

Golar LNG (NASDAQ:GLNG) was upgraded by StockNews.com to a “sell” rating in a research note issued to investors on Monday.

A number of other equities analysts also recently commented on GLNG. Stifel Nicolaus reduced their price objective on shares of Golar LNG from $55.00 to $53.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Golar LNG from $43.00 to $56.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Fearnley Fonds lowered shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $49.63.

Golar LNG Trading Down 0.8 %

GLNG traded down $0.32 on Monday, hitting $42.13. The company had a trading volume of 2,145,247 shares, compared to its average volume of 1,216,683. Golar LNG has a 12-month low of $19.94 and a 12-month high of $43.87. The business’s fifty day simple moving average is $37.97 and its 200 day simple moving average is $34.01. The company has a market cap of $4.40 billion, a PE ratio of 300.95 and a beta of 0.60. The company has a quick ratio of 1.28, a current ratio of 1.55 and a debt-to-equity ratio of 0.41.

Hedge Funds Weigh In On Golar LNG

A number of institutional investors and hedge funds have recently modified their holdings of GLNG. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Golar LNG by 467.9% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,237,000 shares of the shipping company’s stock worth $82,232,000 after purchasing an additional 1,843,100 shares in the last quarter. Clearline Capital LP purchased a new stake in Golar LNG in the third quarter valued at $36,865,000. American Century Companies Inc. lifted its position in Golar LNG by 53.7% in the second quarter. American Century Companies Inc. now owns 1,732,655 shares of the shipping company’s stock valued at $54,319,000 after acquiring an additional 605,499 shares during the last quarter. Brookfield Corp ON lifted its position in Golar LNG by 180.8% in the third quarter. Brookfield Corp ON now owns 849,959 shares of the shipping company’s stock valued at $31,244,000 after acquiring an additional 547,253 shares during the last quarter. Finally, Appian Way Asset Management LP purchased a new stake in Golar LNG in the third quarter valued at $15,351,000. Institutional investors and hedge funds 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.