Golar LNG Limited (GLNG) Receives Price Target

Golar LNG Limited (GLNG) : The consensus price target for Golar LNG Limited (GLNG) is $34.83 for the short term with a standard deviation of $13.54. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $57, however, the pessimist price target for the company is $19.

Golar LNG Limited (GLNG) : 7 analysts are covering Golar LNG Limited (GLNG) and their average rating on the stock is 1.07, which is read as a Strong Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Golar LNG Limited (GLNG) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels.


Also, DNB Markets upgrades their rating on the shares of Golar LNG Limited (NASDAQ:GLNG). The current rating of the shares is Buy. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on July 1, 2016.

Golar LNG Limited (NASDAQ:GLNG): The stock opened at $20.51 on Thursday but the bulls could not build on the opening and the stock topped out at $21.00 for the day. The stock traded down to $20.00 during the day, due to lack of any buying support eventually closed down at $20.36 with a loss of -2.26% for the day. The stock had closed at $20.83 on the previous day. The total traded volume was 1,856,975 shares.

Golar LNG Limited (Golar) is the owner and operator of liquefied natural gas (LNG) carriers and floating storage regasification units (FSRUs). As of March 31, 2010, Golar had a fleet of 13 vessels, 10 LNG carriers, three FSRUs and a 50% interest in a further LNG carrier. On June 22, 2009, the Company formed a wholly owned subsidiary, Golar LNG Energy Limited (Golar Energy). As of December 31, 2009, it owned 73.8% of Golar Energy. Golar Energy specializes in the acquisition, ownership, operation and chartering of FSRUs and the development of liquefaction projects. In 2011, the Company made the following acquisitions: Golar LNG Energy Limited (July), a floating storage and regasification unit Golar Freeze (October). On January 23, 2012, the Company acquired a Moss type carrier, namely LNG Carrier Gandria. On July 19, 2012, it sold its interest in the companies owning and operating the Nusantara Tegas Satu FSRU.

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