Golar LNG Limited (NASDAQ:GLNG) was upgraded by investment analysts at ABN Amro from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

A number of other analysts also recently issued reports on the company. ValuEngine downgraded Golar LNG Limited from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Morgan Stanley reissued an “overweight” rating and set a $31.00 price objective (down from $32.00) on shares of Golar LNG Limited in a research report on Friday, September 1st. Cowen and Company reissued an “outperform” rating and set a $45.00 price objective on shares of Golar LNG Limited in a research report on Thursday, August 31st. Stifel Nicolaus reissued a “buy” rating and set a $36.00 price objective on shares of Golar LNG Limited in a research report on Monday, August 21st. Finally, Citigroup Inc. cut their price objective on Golar LNG Limited from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, August 17th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $34.67.

Golar LNG Limited (GLNG) opened at 21.13 on Monday. Golar LNG Limited has a 12-month low of $19.32 and a 12-month high of $29.18. The company’s market capitalization is $2.07 billion. The stock has a 50 day moving average of $21.61 and a 200-day moving average of $22.96.

Golar LNG Limited (NASDAQ:GLNG) last issued its quarterly earnings data on Wednesday, August 30th. The shipping company reported ($0.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.11). The business had revenue of $28.41 million for the quarter, compared to analyst estimates of $17.03 million. Golar LNG Limited had a negative return on equity of 7.78% and a negative net margin of 179.35%. Equities analysts expect that Golar LNG Limited will post ($1.92) earnings per share for the current year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Comerica Bank grew its position in Golar LNG Limited by 1.1% in the 1st quarter. Comerica Bank now owns 9,250 shares of the shipping company’s stock valued at $239,000 after acquiring an additional 105 shares in the last quarter. Legal & General Group Plc grew its position in Golar LNG Limited by 2.1% in the 1st quarter. Legal & General Group Plc now owns 88,452 shares of the shipping company’s stock valued at $2,471,000 after acquiring an additional 1,859 shares in the last quarter. Vanguard Group Inc. grew its position in Golar LNG Limited by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 213,180 shares of the shipping company’s stock valued at $5,954,000 after acquiring an additional 4,739 shares in the last quarter. Bank of America Corp DE grew its position in Golar LNG Limited by 38.9% in the 1st quarter. Bank of America Corp DE now owns 843,820 shares of the shipping company’s stock valued at $23,568,000 after acquiring an additional 236,435 shares in the last quarter. Finally, Baker Avenue Asset Management LP grew its position in Golar LNG Limited by 125.3% in the 2nd quarter. Baker Avenue Asset Management LP now owns 101,620 shares of the shipping company’s stock valued at $2,261,000 after acquiring an additional 56,515 shares in the last quarter. 87.42% of the stock is owned by institutional investors.

Golar LNG Limited Company Profile

Golar LNG Limited is a midstream liquefied natural gas (LNG) company engaged primarily in the transportation, regasification, liquefaction and trading of LNG. The Company is engaged in the acquisition, ownership, operation and chartering of LNG carriers and Floating Storage Regasification Unit (FSRUs) through its subsidiaries and affiliates, and the development of LNG projects, such as floating LNGs (FLNGs).

Analyst Recommendations for Golar LNG Limited (NASDAQ:GLNG)

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