Brokerage firm Bernstein Downgrades its rating on Golar LNG Limited (USA)(NASDAQ:GLNG). In a research note issued to the investors, the brokerage major Lowers the price-target to $10.00 per share. The shares have been rated Sell. Previously, the analysts had a Buy rating on the shares. The rating by Bernstein was issued on Jun 30, 2016.
In a different note, On Jun 1, 2016, Nordea said it Upgrades its rating on Golar LNG Limited (USA). The shares have been rated ‘Buy’ by the firm. On May 9, 2016, Credit Suisse said it Upgrades its rating on Golar LNG Limited (USA). In the research note, the firm Raises the price-target to $20.00 per share. The shares have been rated ‘Outperform’ by the firm. On Apr 29, 2016, DNB Markets said it Downgrades its rating on Golar LNG Limited (USA). The shares have been rated ‘Hold’ by the firm. On Apr 22, 2016, Jefferies said it Upgrades its rating on Golar LNG Limited (USA). The shares have been rated ‘Buy’ by the firm.
Golar LNG Limited (USA) (GLNG) shares turned negative on Tuesdays trading session with the shares closing down -1.18 points or -7.04% at a volume of 19,16,736. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $16.38. The peak price level was also seen at $16.38 while the days lowest was $15.02. Finally the shares closed at $15.58. The 52-week high of the shares is $46.55 while the 52-week low is $9.42. According to the latest information available, the market cap of the company is $1,457 M.
Golar LNG Limited (USA)(GLNG) last announced its earnings results on May 31, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $18.64M. Analysts had an estimated revenue of $22.99M. Earnings per share were $-0.86.
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.