Golar LNG Ltd. (GLNG) Stock Price Up 1.9%
Golar LNG Ltd. (NASDAQ:GLNG) rose 1.9% during mid-day trading on Thursday . The stock traded as high as $20.65 and last traded at $20.51, with a volume of 546,023 shares traded. The stock had previously closed at $20.12.
GLNG has been the topic of several recent analyst reports. Credit Suisse Group AG raised shares of Golar LNG from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $20.00 to $30.00 in a research note on Monday, May 9th. Jefferies Group reissued a “buy” rating on shares of Golar LNG in a research note on Tuesday. Bank of America Corp. raised shares of 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. Nordea Equity Research upgraded shares of Golar LNG from a “hold” rating to a “buy” rating in a research report on Wednesday, June 1st. Finally, ABN Amro downgraded shares of Golar LNG from a “buy” rating to a “sell” rating and reduced their price target for the stock from $38.00 to $10.00 in a research report on Thursday, June 30th. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $32.56.
The firm’s market capitalization is $1.88 billion. The company’s 50 day moving average price is $18.08 and its 200-day moving average price 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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