Shares of Golar LNG Ltd. (NASDAQ:GLNG) rose 5.5% on Monday . The stock traded as high as $20.15 and last traded at $20.07, with a volume of 678,645 shares. The stock had previously closed at $19.03.

GLNG has been the topic of several research reports. Clarkson Capital restated a “buy” rating on shares of Golar LNG in a report on Friday, June 17th. Jefferies Group reiterated a “buy” rating on shares of Golar LNG in a report on Wednesday, June 1st. Nordea Equity Research upgraded Golar LNG from a “hold” rating to a “buy” rating in a report on Wednesday, June 1st. Wells Fargo & Co. reiterated a “buy” rating on shares of Golar LNG in a report on Tuesday, May 31st. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Golar LNG in a report on Saturday, April 30th. Four research analysts have rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company’s stock. Golar LNG presently has an average rating of “Hold” and an average target price of $34.10.

The firm has a 50-day moving average price of $16.96 and a 200 day moving average price of $17.65. The stock’s market cap is $1.85 billion.

Other institutional investors recently bought and sold shares of the company. Morgan Stanley raised its position in Golar LNG by 153.5% in the fourth quarter. Morgan Stanley now owns 1,713,618 shares of the company’s stock valued at $27,058,000 after buying an additional 1,037,709 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Golar LNG by 5,703.9% in the fourth quarter. BNP Paribas Arbitrage SA now owns 886,898 shares of the company’s stock valued at $14,004,000 after buying an additional 871,617 shares during the last quarter. Trexquant Investment LP bought a new position in Golar LNG during the fourth quarter valued at about $1,924,000. Finally, Pacific Alternative Asset Management Company LLC raised its position in Golar LNG by 34.1% in the fourth quarter. Pacific Alternative Asset Management Company LLC now owns 107,800 shares of the company’s stock valued at $1,702,000 after buying an additional 27,400 shares during the last quarter.

Golar LNG Limited (Golar) is the owner and operator of liquefied natural gas (LNG) carriers and floating storage regasification units (FSRUs). As of March 31, 2010, Golar had a fleet of 13 vessels, 10 LNG carriers, three FSRUs and a 50% interest in a further LNG carrier. On June 22, 2009, the Company formed a wholly owned subsidiary, Golar LNG Energy Limited (Golar Energy).

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