Golar LNG (NASDAQ:GLNG) Stock Rating Lowered by DNB Markets

Golar LNG (NASDAQ:GLNG) was downgraded by equities research analysts at DNB Markets from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports.

GLNG has been the subject of several other research reports. StockNews.com upgraded shares of Golar LNG to a “sell” rating in a research note on Monday, December 9th. Stifel Nicolaus raised their price objective on Golar LNG from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, December 24th. Finally, Fearnley Fonds cut Golar LNG from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Golar LNG has an average rating of “Hold” and an average price target of $50.13.

Golar LNG Price Performance

Shares of Golar LNG stock opened at $40.84 on Wednesday. The company has a market cap of $4.26 billion, a PE ratio of 291.74 and a beta of 0.55. The firm has a fifty day moving average price of $41.53 and a two-hundred day moving average price of $37.92. Golar LNG has a fifty-two week low of $19.94 and a fifty-two week high of $44.36.

Institutional Investors Weigh In On Golar LNG

A number of institutional investors have recently added to or reduced their stakes in the stock. Summit Investment Advisors Inc. lifted its position in shares of Golar LNG by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 10,354 shares of the shipping company’s stock worth $438,000 after buying an additional 328 shares during the period. Mariner LLC raised its stake in Golar LNG by 7.4% during the fourth quarter. Mariner LLC now owns 5,995 shares of the shipping company’s stock worth $254,000 after acquiring an additional 414 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its holdings in shares of Golar LNG by 5.0% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 10,500 shares of the shipping company’s stock valued at $444,000 after acquiring an additional 500 shares during the period. Metis Global Partners LLC boosted its stake in shares of Golar LNG by 9.8% in the 4th quarter. Metis Global Partners LLC now owns 5,996 shares of the shipping company’s stock valued at $254,000 after purchasing an additional 534 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Golar LNG by 105.1% in the 3rd quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company’s stock valued at $50,000 after purchasing an additional 703 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

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.