Golar LNG (NASDAQ:GLNG) Lowered to Hold Rating by DNB Markets

Golar LNG (NASDAQ:GLNG) was downgraded by analysts at DNB Markets from a “buy” rating to a “hold” rating in a research note issued on Wednesday,Briefing.com Automated Import reports.

Other analysts have also issued research reports about the stock. Fearnley Fonds lowered shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Stifel Nicolaus increased their price target on shares of Golar LNG from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, December 24th. Finally, StockNews.com upgraded shares of Golar LNG to a “sell” rating in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $50.13.

Golar LNG Trading Up 0.3 %

NASDAQ GLNG opened at $40.81 on Wednesday. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of 291.52 and a beta of 0.55. The firm’s 50 day simple moving average is $41.68 and its 200 day simple moving average is $37.81. Golar LNG has a 1 year low of $19.94 and a 1 year high of $44.36.

Hedge Funds Weigh In On Golar LNG

Several institutional investors and hedge funds have recently added to or reduced their stakes in GLNG. Public Employees Retirement System of Ohio bought a new position in Golar LNG in the 3rd quarter valued at approximately $32,000. Blue Trust Inc. lifted its stake in Golar LNG by 105.1% in the 3rd quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company’s stock valued at $50,000 after purchasing an additional 703 shares during the last quarter. CWM LLC lifted its stake in Golar LNG by 830.9% in the 3rd quarter. CWM LLC now owns 1,657 shares of the shipping company’s stock valued at $61,000 after purchasing an additional 1,479 shares during the last quarter. USA Financial Formulas bought a new position in shares of Golar LNG during the fourth quarter valued at $61,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Golar LNG during the fourth quarter valued at $107,000. Institutional investors own 92.21% of the company’s stock.

Golar LNG Company Profile

Golar LNG Limited designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels or projects; transportation of LNG carriers; and vessel management activities.