Golar LNG Ltd. (GLNG) Trading 1.9% Higher
Golar LNG Ltd. (NASDAQ:GLNG) shares traded up 1.9% during trading on Thursday . The company traded as high as $20.65 and last traded at $20.51, with a volume of 546,023 shares changing hands. The stock had previously closed at $20.12.
A number of research analysts have commented on the company. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Golar LNG in a report on Tuesday, May 31st. Stifel Nicolaus reaffirmed a “buy” rating on shares of Golar LNG in a report on Saturday, April 30th. Credit Suisse Group AG reaffirmed an “outperform” rating on shares of Golar LNG in a report on Wednesday, June 1st. Jefferies Group reaffirmed a “buy” rating on shares of Golar LNG in a report on Wednesday, June 1st. Finally, Zacks Investment Research raised Golar LNG from a “sell” rating to a “hold” rating in a report on Wednesday, April 27th. Four analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $32.56.
The firm’s 50 day moving average is $17.81 and its 200-day moving average is $17.77. The firm’s market cap is $1.89 billion.
A hedge fund recently raised its stake in Golar LNG stock. BNP Paribas Arbitrage SA raised its position in Golar LNG Ltd. (NASDAQ:GLNG) by 5,703.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 886,898 shares of the company’s stock after buying an additional 871,617 shares during the period. BNP Paribas Arbitrage SA owned 0.99% of Golar LNG worth $14,004,000 at the end of the most recent reporting period.
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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