Analyst Rating Update on Golar LNG Limited (GLNG)

Golar LNG Limited (NASDAQ:GLNG) : The consensus on Golar LNG Limited (NASDAQ:GLNG) based on 7 analyst recommendation on the company stock is 1.36, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Golar LNG Limited (NASDAQ:GLNG) : The highest short term price target forecast on Golar LNG Limited (NASDAQ:GLNG) is $57 and the lowest target price is $19. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $37.17 with a standard deviation of $12.69.

For the current week, the company shares have a recommendation consensus of Buy. Also, Major Brokerage house, Nordea upgrades its ratings on Golar LNG Limited (NASDAQ:GLNG). According to the latest information available, the shares are now rated Buy by the analysts at the agency. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on June 1, 2016.

Golar LNG Limited (NASDAQ:GLNG): stock turned positive on Tuesday. Though the stock opened at $15.21, the bulls momentum made the stock top out at $15.55 level for the day. The stock recorded a low of $14.51 and closed the trading day at $15.18, in the green by 4.26%. The total traded volume for the day was 2,663,565. The stock had closed at $14.56 in the previous days trading.

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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