Today: Seaport Global Securities Comments on Golar LNG Ltd.’s FY2016 Earnings (GLNG)

Today: Seaport Global Securities Comments on Golar LNG Ltd.’s FY2016 Earnings (GLNG)

Golar LNG Ltd. (NASDAQ:GLNG) – Equities research analysts at Seaport Global Securities issued their FY2016 earnings per share estimates for Golar LNG in a research note issued on Wednesday. Seaport Global Securities analyst M. Fyhr forecasts that the firm will post earnings of ($1.93) per share for the year. Seaport Global Securities currently has a “Buy” rating and a $35.00 price objective on the stock. Seaport Global Securities also issued estimates for Golar LNG’s Q1 2017 earnings at ($0.43) EPS, Q3 2017 earnings at ($0.39) EPS and FY2017 earnings at ($1.17) EPS.

GLNG has been the topic of a number of other reports. Jefferies Group restated a “buy” rating on shares of Golar LNG in a report on Monday, August 1st. Morgan Stanley assumed coverage on shares of Golar LNG in a report on Tuesday, September 6th. They issued a “buy” rating and a $30.00 price target on the stock. Wells Fargo & Co. restated a “buy” rating on shares of Golar LNG in a report on Wednesday, October 5th. Cowen and Company cut their price target on shares of Golar LNG from $57.00 to $45.00 and set an “outperform” rating on the stock in a report on Thursday, October 20th. Finally, ABN Amro upgraded shares of Golar LNG from a “sell” rating to a “hold” rating in a report on Monday, October 3rd. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company. Golar LNG currently has a consensus rating of “Buy” and an average price target of $27.78.

Shares of Golar LNG (NASDAQ:GLNG) opened at 24.50 on Monday. The company’s market capitalization is $2.21 billion. The stock has a 50 day moving average of $23.27 and a 200-day moving average of $19.63. Golar LNG has a 52 week low of $9.42 and a 52 week high of $28.63.

Several institutional investors have recently made changes to their positions in the stock. FMR LLC raised its position in shares of Golar LNG by 0.3% in the second quarter. FMR LLC now owns 9,354,666 shares of the company’s stock valued at $144,997,000 after buying an additional 26,690 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of Golar LNG by 8.3% in the third quarter. BlackRock Fund Advisors now owns 2,243,766 shares of the company’s stock valued at $47,568,000 after buying an additional 172,388 shares during the last quarter. Steinberg Asset Management LLC raised its position in shares of Golar LNG by 0.5% in the second quarter. Steinberg Asset Management LLC now owns 2,149,600 shares of the company’s stock valued at $33,319,000 after buying an additional 10,327 shares during the last quarter. Bank of Montreal Can bought a new position in shares of Golar LNG during the second quarter valued at approximately $22,945,000. Finally, Cannell Peter B & Co. Inc. raised its position in shares of Golar LNG by 88.3% in the second quarter. Cannell Peter B & Co. Inc. now owns 1,383,075 shares of the company’s stock valued at $21,438,000 after buying an additional 648,675 shares during the last quarter. 88.10% of the stock is owned by hedge funds and other institutional investors.

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