Golar LNG (GLNG) Issues Quarterly Earnings Results

Golar LNG (NASDAQ:GLNG) issued its quarterly earnings results on Thursday. The shipping company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.04), Fidelity Earnings reports. Golar LNG had a negative return on equity of 8.11% and a negative net margin of 125.20%.

Shares of GLNG stock opened at $25.98 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $3.51 billion, a PE ratio of -17.67 and a beta of 0.74. Golar LNG has a 52-week low of $19.32 and a 52-week high of $35.54.

Several equities research analysts have commented on GLNG shares. Stifel Nicolaus reissued a “buy” rating and set a $42.00 price target (up from $36.00) on shares of Golar LNG in a research report on Thursday, April 19th. Cowen boosted their price target on shares of Golar LNG to $49.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 28th. ValuEngine raised shares of Golar LNG from a “sell” rating to a “hold” rating in a report on Thursday, April 19th. BidaskClub raised shares of Golar LNG from a “hold” rating to a “buy” rating in a report on Friday, May 4th. Finally, Zacks Investment Research cut shares of Golar LNG from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $38.40.

About Golar LNG

Golar LNG Limited, a midstream liquefied natural gas (LNG) company, engages in the transportation, regasification, and liquefaction of LNG. It operates through three segments: Vessel operations, Floating Liquefaction Natural Gas Vessel (FLNG), and Power. The company engages in the acquisition, ownership, operation, and chartering of LNG carriers and floating storage regasification units (FSRUs); and the development of LNG projects.

Earnings History for Golar LNG (NASDAQ:GLNG)

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