Golar LNG (GLNG) Announces Quarterly Earnings Results

Golar LNG (NASDAQ:GLNG) announced its earnings results on Monday. The shipping company reported ($0.45) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.34), Fidelity Earnings reports. Golar LNG had a negative return on equity of 6.37% and a negative net margin of 11.47%.

NASDAQ GLNG opened at $29.72 on Wednesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.62 and a current ratio of 0.62. Golar LNG has a 12-month low of $22.45 and a 12-month high of $35.54. The company has a market capitalization of $2.90 billion, a PE ratio of -20.22 and a beta of 0.60.

A number of analysts have recently issued reports on GLNG shares. Bank of America downgraded shares of Golar LNG from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $31.00 to $30.00 in a report on Thursday, July 12th. BidaskClub downgraded shares of Golar LNG from a “strong-buy” rating to a “buy” rating in a report on Friday, July 13th. BTIG Research started coverage on shares of Golar LNG in a report on Wednesday, July 18th. They issued a “buy” rating and a $35.00 price objective on the stock. Zacks Investment Research downgraded shares of Golar LNG from a “hold” rating to a “sell” rating in a report on Tuesday, August 14th. Finally, Jefferies Financial Group set a $40.00 price objective on shares of Golar LNG and gave the company a “buy” rating in a report on Wednesday, August 22nd. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $36.70.

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Golar LNG Company Profile

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 for Golar LNG (NASDAQ:GLNG)

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