Golar LNG Limited (GLNG) Receiving Somewhat Favorable Press Coverage, Analysis Shows

Headlines about Golar LNG Limited (NASDAQ:GLNG) have been trending somewhat positive recently, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Golar LNG Limited earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave headlines about the shipping company an impact score of 46.8922318369585 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the headlines that may have effected Accern’s rankings:

Shares of Golar LNG Limited (NASDAQ GLNG) traded up 1.74% during midday trading on Friday, hitting $19.84. 1,382,103 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $21.60 and its 200 day moving average price is $23.08. The firm’s market cap is $1.94 billion. Golar LNG Limited has a one year low of $19.32 and a one year high of $29.18.

Golar LNG Limited (NASDAQ:GLNG) last announced its quarterly earnings data on Wednesday, August 30th. The shipping company reported ($0.51) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.40) by ($0.11). The company had revenue of $28.41 million for the quarter, compared to analysts’ expectations of $17.03 million. Golar LNG Limited had a negative return on equity of 7.78% and a negative net margin of 179.35%. Equities research analysts forecast that Golar LNG Limited will post ($1.92) EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 4th. Stockholders of record on Thursday, September 14th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, September 13th. This represents a $0.20 annualized dividend and a dividend yield of 1.01%.

GLNG has been the topic of a number of analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $36.00 target price on shares of Golar LNG Limited in a research note on Wednesday, July 5th. Zacks Investment Research downgraded shares of Golar LNG Limited from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Citigroup Inc. reduced their target price on shares of Golar LNG Limited from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, August 17th. Cowen and Company reaffirmed an “outperform” rating and set a $45.00 target price on shares of Golar LNG Limited in a research note on Thursday, August 31st. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $31.00 target price (down from $32.00) on shares of Golar LNG Limited in a research note on Friday, September 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. Golar LNG Limited has an average rating of “Hold” and an average target price of $34.67.

COPYRIGHT VIOLATION NOTICE: “Golar LNG Limited (GLNG) Receiving Somewhat Favorable Press Coverage, Analysis Shows” was originally published by Community Financial News and is owned by of Community Financial News. If you are viewing this report on another website, it was stolen and republished in violation of US and international copyright laws. The legal version of this report can be viewed at https://www.com-unik.info/2017/10/29/golar-lng-limited-glng-receiving-somewhat-favorable-press-coverage-analysis-shows.html.

Golar LNG Limited 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).

Insider Buying and Selling by Quarter for Golar LNG Limited (NASDAQ:GLNG)

What are top analysts saying about Golar LNG Limited? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Golar LNG Limited and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit