Golar LNG (GLNG) Expected to Announce Quarterly Earnings on Thursday

Golar LNG (NASDAQ:GLNG) is expected to be announcing its earnings results before the market opens on Thursday, February 27th. Analysts expect Golar LNG to post earnings of $0.48 per share and revenue of $73.54 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Golar LNG Stock Up 1.6 %

Shares of GLNG stock opened at $39.56 on Tuesday. The stock has a fifty day moving average of $41.37 and a 200 day moving average of $38.10. Golar LNG has a 52 week low of $19.94 and a 52 week high of $44.36. The firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of 282.59 and a beta of 0.55.

Analyst Ratings Changes

Several research firms have recently commented on GLNG. StockNews.com raised shares of Golar LNG to a “sell” rating in a research report on Monday, December 9th. Stifel Nicolaus raised their price objective on shares of Golar LNG from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, December 24th. DNB Markets downgraded Golar LNG from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Finally, Fearnley Fonds cut Golar LNG from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $50.13.

Golar LNG Company Profile

Golar LNG Limited designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels or projects; transportation of LNG carriers; and vessel management activities.