Noteworthy Rating Filing: Golar LNG Limited (NASDAQ:GLNG) Stock Buy Rating Maintained at Seaport Global; The Price Objective is $35.00

November 23, 2016 - By Clifton Ray

Noteworthy Rating Filing: Golar LNG Limited (NASDAQ:GLNG) Stock Buy Rating Maintained at Seaport Global; The Price Objective is $35.00

Golar LNG Limited (NASDAQ:GLNG) Rating

In an analyst report sent to investors and clients on 23 November, Golar LNG Limited (NASDAQ:GLNG) stock Buy was maintained by Analysts at Seaport Global. They currently have a $35.00 price target on the stock. Seaport Global’s price target would suggest a potential upside of 37.31% from the company’s last stock close price.

Golar LNG Limited (USA) (NASDAQ:GLNG) Ratings Coverage

Out of 8 analysts covering Golar LNG Limited (NASDAQ:GLNG), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. $55 is the highest target while $16 is the lowest. The $39.14 average target is 53.43% above today’s ($25.51) stock price. Golar LNG Limited has been the topic of 15 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Friday, September 18 by Credit Suisse. The firm has “Outperform” rating given on Thursday, October 20 by Cowen & Co. The firm has “Buy” rating given on Friday, July 1 by DNB Markets. The stock of Golar LNG Limited (USA) (NASDAQ:GLNG) earned “Hold” rating by ABN Amro on Monday, October 3. The stock has “Buy” rating given by Stifel Nicolaus on Friday, August 28. The firm earned “Neutral” rating on Wednesday, December 2 by Bank of America. The firm has “Outperform” rating by Credit Suisse given on Monday, May 9. As per Friday, April 29, the company rating was downgraded by DNB Markets. The firm earned “Buy” rating on Wednesday, June 1 by Nordea.

About 555,873 shares traded hands. Golar LNG Limited (USA) (NASDAQ:GLNG) has risen 9.72% since April 21, 2016 and is uptrending. It has outperformed by 4.39% the S&P500.

Golar LNG Limited is a midstream liquefied natural gas firm engaged primarily in the transportation, regasification, liquefaction and trading of LNG. The company has a market cap of $2.55 billion. The Firm 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). It currently has negative earnings. The Company’s divisions include Vessel operations, LNG trading and FLNG.

According to Zacks Investment Research, “GOLAR LNG LIMITED is engaged in the acquisition, ownership, operation and chartering of liquid natural gas carriers and floating storage re-gasification units through its subsidiaries.”

GLNG Company Profile

Golar LNG Limited, incorporated on May 10, 2001, is a midstream liquefied natural gas (LNG) firm engaged primarily in the transportation, regasification, liquefaction and trading of LNG. The Firm 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). The Company’s divisions include Vessel operations, LNG trading and FLNG. Under the Vessel activities segment, the Company operates and charters out LNG carriers and FSRUs on fixed terms to customers. Through the LNG trading segment, the Company provides physical and financial risk management in LNG and gas markets for clients around the world. The FLNG segment includes the costs associated with the conversion of its LNG carrier, the Hilli, to a FLNG.

More news for Golar LNG Limited (USA) (NASDAQ:GLNG) were recently published by: Fool.com, which released: “This Is What’s Fueling Golar LNG Limited’s (USA) Stunning 27% Surge Today” on May 05, 2015. Schaeffersresearch.com‘s article titled: “Options Volume Soars as Golar LNG Limited (USA) (GLNG) Plunges” and published on April 29, 2016 is yet another important article.

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