Golar LNG Limited (NASDAQ:GLNG – Get Free Report) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 3,730,000 shares, a growth of 20.3% from the December 15th total of 3,100,000 shares. Based on an average trading volume of 1,230,000 shares, the days-to-cover ratio is currently 3.0 days. Approximately 4.0% of the company’s stock are short sold.
Institutional Trading of Golar LNG
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GLNG. Beck Capital Management LLC lifted its position in shares of Golar LNG by 0.7% during the 2nd quarter. Beck Capital Management LLC now owns 75,114 shares of the shipping company’s stock valued at $2,355,000 after buying an additional 558 shares in the last quarter. Blue Trust Inc. lifted its holdings in 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. Public Employees Retirement System of Ohio acquired a new stake in Golar LNG during the 3rd quarter worth $32,000. Merit Financial Group LLC grew its holdings in shares of Golar LNG by 13.3% during the fourth quarter. Merit Financial Group LLC now owns 7,363 shares of the shipping company’s stock worth $312,000 after buying an additional 866 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Golar LNG by 2.9% in the second quarter. The Manufacturers Life Insurance Company now owns 35,580 shares of the shipping company’s stock valued at $1,115,000 after buying an additional 992 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.
Golar LNG Price Performance
NASDAQ:GLNG traded up $0.59 during mid-day trading on Friday, hitting $41.82. The company’s stock had a trading volume of 1,401,539 shares, compared to its average volume of 1,111,455. The business’s fifty day moving average is $40.59 and its two-hundred day moving average is $36.83. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 298.74 and a beta of 0.59. Golar LNG has a 1 year low of $19.94 and a 1 year high of $44.36.
Golar LNG Dividend Announcement
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on GLNG shares. Fearnley Fonds downgraded shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Stifel Nicolaus lifted their price target on shares of Golar LNG from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, December 24th. Finally, StockNews.com upgraded Golar LNG to a “sell” rating in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $50.13.
View Our Latest Stock Analysis on Golar LNG
About Golar LNG
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.
See Also
- Five stocks we like better than Golar LNG
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Earn High Dividends With 2 Top REITs Set to Perform in 2025
- Election Stocks: How Elections Affect the Stock Market
- Oilfield Leader SLB: An AI Name You Need to Know
- How to Plot Fibonacci Price Inflection Levels
- Top ETFs That Beat the Market in 2024 and Could Do It Again
Receive News & Ratings for Golar LNG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golar LNG and related companies with MarketBeat.com's FREE daily email newsletter.