Golar LNG (NASDAQ:GLNG – Get Rating) is scheduled to release its earnings data before the market opens on Thursday, August 11th. Analysts expect Golar LNG to post earnings of $0.24 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
Golar LNG (NASDAQ:GLNG – Get Rating) last released its earnings results on Thursday, May 26th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.09. The business had revenue of $77.27 million for the quarter, compared to analyst estimates of $92.30 million. Golar LNG had a return on equity of 2.21% and a net margin of 180.59%. On average, analysts expect Golar LNG to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Golar LNG Price Performance
NASDAQ:GLNG opened at $22.52 on Thursday. Golar LNG has a 12-month low of $10.01 and a 12-month high of $27.52. The stock’s 50 day moving average price is $23.06 and its two-hundred day moving average price is $20.99. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 3.36 and a beta of 0.70.
Analyst Upgrades and Downgrades
Hedge Funds Weigh In On Golar LNG
Several institutional investors have recently modified their holdings of the company. Raymond James & Associates lifted its stake in shares of Golar LNG by 38.3% in the 1st quarter. Raymond James & Associates now owns 14,041 shares of the shipping company’s stock valued at $348,000 after purchasing an additional 3,892 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Golar LNG in the first quarter valued at about $1,029,000. Citigroup Inc. lifted its position in shares of Golar LNG by 102.0% in the first quarter. Citigroup Inc. now owns 12,232 shares of the shipping company’s stock valued at $303,000 after acquiring an additional 630,818 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Golar LNG by 3.2% in the first quarter. Vanguard Group Inc. now owns 549,152 shares of the shipping company’s stock worth $13,609,000 after buying an additional 17,040 shares in the last quarter. Finally, Cohanzick Management LLC bought a new stake in Golar LNG during the first quarter worth approximately $37,000. 82.17% of the stock is currently owned by institutional investors.
Golar LNG Company Profile
Golar LNG Limited designs, builds, owns, and operates marine infrastructure for the liquefaction and regasification of LNG. It operates through Shipping and FLNG segments. The company engages in the operation and chartering of LNG carriers, Floating Liquefaction Natural Gas Vessel (FLNG), and floating storage regasification units (FSRUs), as well as operates external vessels.
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