Stifel Nicolaus Forecasts Strong Price Appreciation for Golar LNG (NASDAQ:GLNG) Stock

Golar LNG (NASDAQ:GLNG) had its price objective upped by Stifel Nicolaus from $53.00 to $55.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the shipping company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 28.50% from the company’s previous close.

A number of other analysts have also weighed in on GLNG. StockNews.com upgraded Golar LNG to a “sell” rating in a report on Monday, December 9th. Fearnley Fonds lowered Golar LNG from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $50.13.

Golar LNG Trading Up 2.3 %

NASDAQ:GLNG opened at $42.80 on Tuesday. The firm has a 50-day simple moving average of $38.80 and a 200-day simple moving average of $35.26. Golar LNG has a one year low of $19.94 and a one year high of $44.08. The firm has a market cap of $4.47 billion, a P/E ratio of 305.74 and a beta of 0.61. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.28 and a current ratio of 1.55.

Institutional Trading of Golar LNG

A number of institutional investors have recently bought and sold shares of GLNG. Banque Cantonale Vaudoise increased its holdings in shares of Golar LNG by 11.1% in the second quarter. Banque Cantonale Vaudoise now owns 4,185 shares of the shipping company’s stock valued at $132,000 after purchasing an additional 417 shares during the period. Beck Capital Management LLC boosted its position in Golar LNG by 0.7% in the second quarter. Beck Capital Management LLC now owns 75,114 shares of the shipping company’s stock valued at $2,355,000 after buying an additional 558 shares during the last quarter. Blue Trust Inc. increased its holdings in Golar LNG by 105.1% in the 3rd quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company’s stock worth $50,000 after buying an additional 703 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Golar LNG during the 3rd quarter worth approximately $32,000. Finally, The Manufacturers Life Insurance Company lifted its stake in Golar LNG by 2.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,580 shares of the shipping company’s stock valued at $1,115,000 after acquiring an additional 992 shares during the period. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Golar LNG Company Profile

Golar LNG Limited designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels or projects; transportation of LNG carriers; and vessel management activities.