Golar LNG Limited (NASDAQ:GLNG) declared a quarterly dividend on Wednesday, August 30th, NASDAQ reports. Stockholders of record on Thursday, September 14th will be paid a dividend of 0.05 per share by the shipping company on Wednesday, October 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Wednesday, September 13th.
Golar LNG Limited (GLNG) opened at 20.89 on Tuesday. The stock has a 50 day moving average of $21.71 and a 200-day moving average of $24.47. The stock’s market cap is $2.05 billion. Golar LNG Limited has a 12 month low of $19.85 and a 12 month high of $29.18.
Golar LNG Limited (NASDAQ:GLNG) last issued its earnings results 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 firm had revenue of $28.41 million during the quarter, compared to analyst estimates of $17.03 million. Golar LNG Limited had a negative net margin of 179.35% and a negative return on equity of 7.78%. On average, equities analysts forecast that Golar LNG Limited will post ($1.87) EPS for the current fiscal year.
Several analysts recently weighed in on the stock. ValuEngine cut shares of Golar LNG Limited from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Morgan Stanley reaffirmed an “overweight” rating and issued a $31.00 target price (down previously from $32.00) on shares of Golar LNG Limited in a report on Friday, September 1st. Cowen and Company reaffirmed an “outperform” rating and issued a $45.00 target price on shares of Golar LNG Limited in a report on Thursday, August 31st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $36.00 target price on shares of Golar LNG Limited in a report on Monday, August 21st. Finally, 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 report on Thursday, August 17th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $34.00.
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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).
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