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.

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Golar LNG by 3.0% during the second quarter. Vanguard Group Inc. now owns 219,487 shares of the shipping company’s stock worth $4,884,000 after buying an additional 6,307 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Golar LNG by 23,320.4% during the second quarter. The Manufacturers Life Insurance Company now owns 71,198 shares of the shipping company’s stock worth $1,583,000 after purchasing an additional 70,894 shares in the last quarter. State Street Corp lifted its position in shares of Golar LNG by 6.2% during the second quarter. State Street Corp now owns 1,734,953 shares of the shipping company’s stock worth $38,608,000 after purchasing an additional 101,007 shares in the last quarter. Nationwide Fund Advisors lifted its position in shares of Golar LNG by 4.0% during the third quarter. Nationwide Fund Advisors now owns 104,954 shares of the shipping company’s stock worth $2,373,000 after purchasing an additional 4,029 shares in the last quarter. Finally, Capital Management Associates NY lifted its position in shares of Golar LNG by 100.0% during the third quarter. Capital Management Associates NY now owns 19,000 shares of the shipping company’s stock worth $430,000 after purchasing an additional 9,500 shares in the last quarter. 82.83% of the stock is owned by institutional investors.

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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).

Analyst Recommendations for Golar LNG (NASDAQ:GLNG)

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