Golar LNG (GLNG) to Release Earnings on Thursday

Golar LNG (NASDAQ:GLNG) is expected to be announcing its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.48 per share and revenue of $73.54 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Golar LNG Stock Performance

Shares of Golar LNG stock opened at $38.27 on Wednesday. The firm has a 50-day moving average of $41.37 and a 200-day moving average of $38.10. The stock has a market cap of $4.00 billion, a PE ratio of 273.38 and a beta of 0.55. Golar LNG has a 52-week low of $19.94 and a 52-week high of $44.36.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on GLNG shares. DNB Markets cut shares of Golar LNG from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Fearnley Fonds cut shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. StockNews.com raised shares of Golar LNG to a “sell” rating in a research report on Monday, December 9th. Finally, Stifel Nicolaus upped their price objective 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Golar LNG currently has an average rating of “Hold” and a consensus price target of $50.13.

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.