Golar LNG Ltd. (GLNG) Trading Up 6.4%
Golar LNG Ltd. (NASDAQ:GLNG)’s share price was up 6.4% during mid-day trading on Wednesday . The company traded as high as $21.67 and last traded at $21.54, with a volume of 2,151,973 shares traded. The stock had previously closed at $20.25.
A number of equities analysts have recently issued reports on GLNG shares. Credit Suisse Group AG raised Golar LNG from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $20.00 to $30.00 in a research report on Monday, May 9th. Nordea Equity Research upgraded Golar LNG from a “hold” rating to a “buy” rating in a research note on Wednesday, June 1st. Jefferies Group restated a “buy” rating on shares of Golar LNG in a research note on Wednesday, June 1st. Wells Fargo & Co. restated a “buy” rating on shares of Golar LNG in a research note on Tuesday, May 31st. Finally, Zacks Investment Research cut Golar LNG from a “hold” rating to a “sell” rating in a research note on Wednesday, June 22nd. Four research 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. Golar LNG presently has a consensus rating of “Hold” and a consensus price target of $31.00.
The stock’s market capitalization is $1.96 billion. The stock has a 50-day moving average of $18.30 and a 200 day moving average of $17.94.
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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