Golar LNG Ltd. (GLNG) Trading 6.4% Higher
Shares of Golar LNG Ltd. (NASDAQ:GLNG) traded up 6.4% during trading on Wednesday . The stock traded as high as $21.67 and last traded at $21.54, with a volume of 2,151,973 shares changing hands. The stock had previously closed at $20.25.
Several analysts have recently commented on the stock. Jefferies Group reiterated a “buy” rating on shares of Golar LNG in a report on Monday. Credit Suisse Group AG reiterated an “outperform” rating on shares of Golar LNG in a report on Wednesday, June 1st. Nordea Equity Research upgraded shares of Golar LNG from a “hold” rating to a “buy” rating in a report on Wednesday, June 1st. Wells Fargo & Co. restated a “buy” rating on shares of Golar LNG in a report on Tuesday, May 31st. Finally, Bank of America Corp. upgraded shares of Golar LNG from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Monday, August 1st. Four research analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company. Golar LNG has an average rating of “Hold” and a consensus target price of $31.00.
The firm’s market capitalization is $1.89 billion. The firm has a 50-day moving average price of $18.50 and a 200 day moving average price of $17.98.
Golar LNG (NASDAQ:GLNG) last issued its earnings results on Wednesday, August 31st. The company reported ($0.96) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.47) by $0.49. Equities research analysts expect that Golar LNG Ltd. will post ($1.79) EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Wednesday, September 14th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Monday, September 12th.
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).