Raymond James Financial Services Advisors Inc. Acquires Shares of 32,661 Golar LNG Limited (NASDAQ:GLNG)

Raymond James Financial Services Advisors Inc. acquired a new stake in Golar LNG Limited (NASDAQ:GLNGGet Rating) in the 3rd quarter, Holdings Channel reports. The fund acquired 32,661 shares of the shipping company’s stock, valued at approximately $814,000.

Other large investors also recently bought and sold shares of the company. Cohanzick Management LLC acquired a new position in Golar LNG in the first quarter valued at $37,000. Captrust Financial Advisors boosted its stake in shares of Golar LNG by 1,152.5% during the first quarter. Captrust Financial Advisors now owns 2,292 shares of the shipping company’s stock worth $57,000 after buying an additional 2,109 shares during the period. Neo Ivy Capital Management acquired a new stake in shares of Golar LNG during the second quarter worth about $62,000. Ellevest Inc. boosted its stake in shares of Golar LNG by 596.0% during the second quarter. Ellevest Inc. now owns 2,972 shares of the shipping company’s stock worth $68,000 after buying an additional 2,545 shares during the period. Finally, Strs Ohio acquired a new stake in shares of Golar LNG during the second quarter worth about $79,000. Institutional investors and hedge funds own 72.45% of the company’s stock.

Golar LNG Trading Up 2.4 %

Shares of Golar LNG stock opened at $23.46 on Monday. Golar LNG Limited has a 12-month low of $12.14 and a 12-month high of $30.66. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 0.35. The stock has a market cap of $2.54 billion, a PE ratio of 3.50 and a beta of 0.63. The company has a 50-day moving average of $23.54 and a two-hundred day moving average of $24.78.

Golar LNG (NASDAQ:GLNGGet Rating) last issued its earnings results on Wednesday, November 16th. The shipping company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.20. Golar LNG had a net margin of 218.75% and a return on equity of 5.91%. The company had revenue of $67.91 million during the quarter, compared to analysts’ expectations of $66.18 million. On average, research analysts anticipate that Golar LNG Limited will post 1.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GLNG. Bank of America upgraded shares of Golar LNG from a “neutral” rating to a “buy” rating and increased their target price for the stock from $23.00 to $29.00 in a research note on Thursday, September 29th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Golar LNG from $17.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, November 17th. Finally, StockNews.com started coverage on shares of Golar LNG in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Golar LNG has an average rating of “Moderate Buy” and a consensus target price of $29.90.

About Golar LNG

(Get Rating)

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.

See Also

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Institutional Ownership by Quarter for Golar LNG (NASDAQ:GLNG)

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