Golar LNG Limited (NASDAQ:GLNG) was the recipient of some unusual options trading activity on Tuesday. Investors purchased 14,301 call options on the company. This represents an increase of approximately 985% compared to the typical volume of 1,318 call options.
Shares of Golar LNG (GLNG) opened at $29.48 on Wednesday. Golar LNG has a 1-year low of $19.32 and a 1-year high of $31.64. The company has a quick ratio of 0.41, a current ratio of 0.29 and a debt-to-equity ratio of 0.57.
Golar LNG (NASDAQ:GLNG) last issued its quarterly earnings results on Wednesday, February 28th. The shipping company reported ($0.11) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.28) by $0.17. Golar LNG had a negative net margin of 125.20% and a negative return on equity of 8.11%. The company had revenue of $57.59 million during the quarter, compared to the consensus estimate of $43.87 million. research analysts forecast that Golar LNG will post 0.13 EPS for the current fiscal year.
A number of equities analysts recently issued reports on GLNG shares. Zacks Investment Research upgraded shares of Golar LNG from a “sell” rating to a “hold” rating in a research report on Wednesday, November 29th. BidaskClub downgraded shares of Golar LNG from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. Morgan Stanley upped their price target on shares of Golar LNG from $32.00 to $36.00 and gave the company an “equal weight” rating in a report on Monday, February 12th. Jefferies Group assumed coverage on shares of Golar LNG in a report on Monday, December 18th. They issued a “buy” rating and a $39.00 price target for the company. Finally, Cowen upped their price target on shares of Golar LNG to $49.00 and gave the company an “outperform” rating in a report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $36.83.
A number of hedge funds have recently bought and sold shares of the business. ICM Asset Management Inc. WA purchased a new stake in Golar LNG during the fourth quarter valued at about $255,000. MetLife Investment Advisors LLC purchased a new stake in Golar LNG during the fourth quarter valued at about $1,315,000. LPL Financial LLC purchased a new stake in Golar LNG during the fourth quarter valued at about $214,000. Raymond James & Associates purchased a new stake in Golar LNG during the fourth quarter valued at about $210,000. Finally, Two Sigma Advisers LP purchased a new stake in Golar LNG during the fourth quarter valued at about $587,000. 80.79% of the stock is owned by institutional investors.
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Golar LNG Company Profile
Golar LNG Limited is a midstream liquefied natural gas (LNG) company engaged primarily in the transportation, regasification, liquefaction and trading of LNG. The Company is engaged in the acquisition, ownership, operation and chartering of LNG carriers and Floating Storage Regasification Unit (FSRUs) through its subsidiaries and affiliates, and the development of LNG projects, such as floating LNGs (FLNGs).
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