Brokerages predict that Golar LNG Limited (NASDAQ:GLNG) will report $85.10 million in sales for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Golar LNG’s earnings. The highest sales estimate is $100.86 million and the lowest is $74.90 million. Golar LNG posted sales of $59.37 million in the same quarter last year, which would indicate a positive year over year growth rate of 43.3%. The firm is expected to issue its next earnings report before the market opens on Thursday, August 29th.

On average, analysts expect that Golar LNG will report full-year sales of $436.29 million for the current financial year, with estimates ranging from $400.20 million to $466.88 million. For the next year, analysts expect that the business will post sales of $521.57 million, with estimates ranging from $452.20 million to $630.87 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Golar LNG.

Golar LNG (NASDAQ:GLNG) last issued its quarterly earnings data on Tuesday, May 21st. The shipping company reported ($0.37) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by ($0.11). The company had revenue of $97.79 million during the quarter, compared to the consensus estimate of $88.87 million. Golar LNG had a negative net margin of 52.68% and a negative return on equity of 2.93%.

Several equities analysts recently commented on GLNG shares. TheStreet downgraded shares of Golar LNG from a “c-” rating to a “d+” rating in a research note on Friday, August 16th. Stifel Nicolaus dropped their price objective on shares of Golar LNG from $30.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday. Cowen reissued an “outperform” rating and issued a $22.00 price objective (down previously from $30.00) on shares of Golar LNG in a research note on Tuesday, June 25th. BidaskClub downgraded shares of Golar LNG from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 8th. Finally, Zacks Investment Research raised shares of Golar LNG from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Monday, April 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $31.11.

Several hedge funds have recently added to or reduced their stakes in the company. GAM Holding AG raised its stake in shares of Golar LNG by 0.4% during the second quarter. GAM Holding AG now owns 267,358 shares of the shipping company’s stock valued at $4,941,000 after acquiring an additional 1,150 shares during the last quarter. Rhumbline Advisers increased its position in shares of Golar LNG by 1.1% during the first quarter. Rhumbline Advisers now owns 136,458 shares of the shipping company’s stock worth $2,878,000 after buying an additional 1,433 shares during the period. Boston Family Office LLC increased its position in shares of Golar LNG by 1.0% during the second quarter. Boston Family Office LLC now owns 214,737 shares of the shipping company’s stock worth $3,968,000 after buying an additional 2,221 shares during the period. Capital Bank & Trust Co acquired a new stake in shares of Golar LNG during the second quarter worth $43,000. Finally, Advisor Group Inc. increased its position in shares of Golar LNG by 86.2% during the second quarter. Advisor Group Inc. now owns 5,547 shares of the shipping company’s stock worth $103,000 after buying an additional 2,568 shares during the period. 67.80% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:GLNG traded up $0.09 on Friday, hitting $13.37. The company had a trading volume of 1,046,076 shares, compared to its average volume of 1,019,922. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of -35.18 and a beta of 0.66. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89. The firm has a 50 day moving average of $16.12 and a two-hundred day moving average of $19.06. Golar LNG has a 52 week low of $12.43 and a 52 week high of $30.29.

Golar LNG Company Profile

Golar LNG Limited, a midstream liquefied natural gas (LNG) company, engages in the transportation, regasification, and liquefaction of LNG. It operates through three segments: Vessel operations, Floating Liquefaction Natural Gas Vessel (FLNG), and Power. The company engages in the acquisition, ownership, operation, and chartering of LNG carriers and floating storage regasification units (FSRUs); and the development of LNG projects.

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Earnings History and Estimates for Golar LNG (NASDAQ:GLNG)

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