Today, Golar LNG Ltd. (GLNG) Set to Announce Quarterly Earnings on Wednesday

Today, Golar LNG Ltd. (GLNG) Set to Announce Quarterly Earnings on Wednesday

Golar LNG Ltd. (NASDAQ:GLNG) will post its quarterly earnings results before the market opens on Wednesday, November 30th. Analysts expect Golar LNG to post earnings of ($0.40) per share for the quarter.

Golar LNG Ltd. (NASDAQ:GLNG) opened at 23.17 on Tuesday. Golar LNG Ltd. has a 12 month low of $9.42 and a 12 month high of $28.63. The stock’s 50 day moving average price is $23.29 and its 200-day moving average price is $19.69. The firm’s market capitalization is $2.09 billion.

GLNG has been the topic of a number of recent research reports. Bank of America Corp. upgraded shares of Golar LNG from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Monday, August 1st. Jefferies Group restated a “buy” rating on shares of Golar LNG in a research note on Monday, August 1st. Morgan Stanley initiated coverage on shares of Golar LNG in a research note on Tuesday, September 6th. They issued a “buy” rating and a $30.00 price objective on the stock. ABN Amro upgraded shares of Golar LNG from a “sell” rating to a “hold” rating in a research note on Monday, October 3rd. Finally, Wells Fargo & Co. restated a “buy” rating on shares of Golar LNG in a research note on Wednesday, October 5th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Golar LNG presently has an average rating of “Buy” and a consensus target price of $27.78.

Hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its stake in Golar LNG by 21.0% in the second quarter. Fifth Third Bancorp now owns 7,500 shares of the company’s stock worth $116,000 after buying an additional 1,300 shares in the last quarter. Fort Washington Investment Advisors Inc OH bought a new stake in Golar LNG during the second quarter worth approximately $171,000. ProShare Advisors LLC bought a new stake in Golar LNG during the second quarter worth approximately $173,000. Principal Financial Group Inc. increased its stake in Golar LNG by 1.0% in the third quarter. Principal Financial Group Inc. now owns 12,010 shares of the company’s stock worth $255,000 after buying an additional 124 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in Golar LNG during the third quarter worth approximately $282,000. 80.33% of the stock is currently owned by hedge funds and other institutional investors.

Golar LNG Company Profile

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