Analysts Anticipate Golar LNG Limited (NASDAQ:GLNG) Will Announce Earnings of -$0.28 Per Share

Analysts expect that Golar LNG Limited (NASDAQ:GLNG) will post earnings of ($0.28) per share for the current quarter, according to Zacks. Four analysts have provided estimates for Golar LNG’s earnings. The lowest EPS estimate is ($0.56) and the highest is ($0.14). Golar LNG reported earnings of ($0.11) per share during the same quarter last year, which suggests a negative year-over-year growth rate of 154.5%. The business is scheduled to issue its next earnings report on Monday, November 4th.

On average, analysts expect that Golar LNG will report full-year earnings of ($1.16) per share for the current fiscal year, with EPS estimates ranging from ($1.93) to ($0.70). For the next fiscal year, analysts anticipate that the firm will report earnings of $0.63 per share, with EPS estimates ranging from ($0.65) to $1.69. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Golar LNG.

Golar LNG (NASDAQ:GLNG) last announced its earnings results on Thursday, August 29th. The shipping company reported ($0.62) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.34) by ($0.28). The company had revenue of $82.32 million during the quarter, compared to the consensus estimate of $85.10 million. Golar LNG had a negative net margin of 77.74% and a negative return on equity of 4.26%.

A number of equities analysts recently issued reports on the stock. BidaskClub upgraded shares of Golar LNG from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 12th. Citigroup set a $15.00 target price on shares of Golar LNG and gave the company a “buy” rating in a research report on Friday, August 30th. Cowen reiterated an “outperform” rating and issued a $22.00 target price (down previously from $30.00) on shares of Golar LNG in a research report on Tuesday, June 25th. TheStreet lowered shares of Golar LNG from a “c-” rating to a “d+” rating in a research report on Friday, August 16th. Finally, ValuEngine upgraded shares of Golar LNG from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company’s stock. Golar LNG has a consensus rating of “Buy” and an average price target of $22.89.

Several large investors have recently bought and sold shares of the company. FMR LLC boosted its position in shares of Golar LNG by 7.6% during the 1st quarter. FMR LLC now owns 7,966,210 shares of the shipping company’s stock valued at $168,007,000 after purchasing an additional 560,753 shares in the last quarter. Steinberg Asset Management LLC lifted its stake in Golar LNG by 2.6% during the second quarter. Steinberg Asset Management LLC now owns 1,685,500 shares of the shipping company’s stock valued at $31,148,000 after buying an additional 43,190 shares in the last quarter. Duff & Phelps Investment Management Co. lifted its stake in Golar LNG by 17.4% during the third quarter. Duff & Phelps Investment Management Co. now owns 1,369,146 shares of the shipping company’s stock valued at $17,785,000 after buying an additional 203,357 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in Golar LNG by 150.6% during the second quarter. Nuveen Asset Management LLC now owns 1,176,892 shares of the shipping company’s stock valued at $21,750,000 after buying an additional 707,256 shares in the last quarter. Finally, Carlson Capital L P lifted its stake in Golar LNG by 61.9% during the second quarter. Carlson Capital L P now owns 1,025,000 shares of the shipping company’s stock valued at $18,942,000 after buying an additional 392,068 shares in the last quarter. Institutional investors own 68.77% of the company’s stock.

GLNG traded up $0.20 on Monday, reaching $14.50. The company had a trading volume of 1,504,500 shares, compared to its average volume of 1,139,602. The company has a fifty day moving average of $13.16 and a 200-day moving average of $16.48. The company has a market capitalization of $1.45 billion, a P/E ratio of -38.16 and a beta of 0.80. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.95. Golar LNG has a one year low of $11.07 and a one year high of $30.29.

About Golar LNG

Golar LNG Limited, a midstream liquefied natural gas (LNG) company, engages in the transportation, regasification, and liquefaction of LNG. It operates through three segments: Vessel operations, Floating Liquefaction Natural Gas Vessel (FLNG), and Power. The company engages in the acquisition, ownership, operation, and chartering of LNG carriers and floating storage regasification units (FSRUs); and the development of LNG projects.

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Earnings History and Estimates for Golar LNG (NASDAQ:GLNG)

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