Golar LNG Ltd. (GLNG) Trading Down 1.1%
Shares of Golar LNG Ltd. (NASDAQ:GLNG) traded down 1.1% during mid-day trading on Monday . The stock traded as low as $19.81 and last traded at $19.96, with a volume of 659,261 shares. The stock had previously closed at $20.18.
Several analysts have issued reports on the company. Jefferies Group restated a “buy” rating on shares of Golar LNG in a report on Monday. Credit Suisse Group AG restated an “outperform” rating on shares of Golar LNG in a report on Wednesday, June 1st. Nordea Equity Research raised Golar LNG from a “hold” rating to a “buy” rating in a research note on Wednesday, June 1st. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Golar LNG in a research note on Tuesday, May 31st. Finally, Bank of America Corp. raised Golar LNG from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Monday, August 1st. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $31.00.
The stock’s market capitalization is $1.89 billion. The company’s 50 day moving average is $18.08 and its 200 day moving average is $17.82.
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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