Golar LNG (GLNG) Lowered to Hold at BidaskClub
Golar LNG (NASDAQ:GLNG) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.
Other equities research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Golar LNG from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. ABN Amro raised shares of Golar LNG from a “hold” rating to a “buy” rating in a report on Monday, October 30th. Jefferies Group assumed coverage on shares of Golar LNG in a report on Monday, December 18th. They issued a “buy” rating and a $39.00 price objective for the company. Finally, Cowen upped their price objective on shares of Golar LNG from $41.00 to $44.00 and gave the company an “outperform” rating in a report on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $35.17.
Shares of Golar LNG (NASDAQ GLNG) opened at $29.73 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.41 and a quick ratio of 0.41. Golar LNG has a 1-year low of $19.32 and a 1-year high of $31.64. The stock has a market cap of $3,010.00, a PE ratio of -15.98, a P/E/G ratio of 15.67 and a beta of 0.96.
About Golar LNG
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).
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