Golar LNG (NASDAQ:GLNG) posted its earnings results on Tuesday. The shipping company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.13), Yahoo Finance reports. Golar LNG had a negative return on equity of 5.97% and a negative net margin of 111.81%. The firm had revenue of $93.07 million for the quarter, compared to analyst estimates of $100.53 million.
GLNG opened at $12.91 on Friday. The stock has a market capitalization of $1.27 billion, a PE ratio of -33.97 and a beta of 0.85. The firm’s fifty day moving average price is $13.80 and its 200 day moving average price is $15.26. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.43 and a quick ratio of 0.43. Golar LNG has a 12-month low of $11.07 and a 12-month high of $28.08.
GLNG has been the topic of a number of recent research reports. Morgan Stanley reissued an “overweight” rating and set a $17.00 target price on shares of Golar LNG in a research report on Friday, September 20th. BidaskClub cut shares of Golar LNG from a “sell” rating to a “strong sell” rating in a research report on Saturday, November 16th. Citigroup cut shares of Golar LNG from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 29th. Scotiabank set a $23.00 target price on shares of Golar LNG and gave the stock a “buy” rating in a research report on Monday, September 30th. Finally, ValuEngine raised shares of Golar LNG from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $20.75.
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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