Raymond James & Associates Has $1.58 Million Stake in Golar LNG Limited (NASDAQ:GLNG)

Raymond James & Associates lifted its position in Golar LNG Limited (NASDAQ:GLNGGet Rating) by 219.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,556 shares of the shipping company’s stock after purchasing an additional 43,681 shares during the quarter. Raymond James & Associates owned 0.06% of Golar LNG worth $1,584,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of GLNG. Cohanzick Management LLC bought a new stake in Golar LNG in the first quarter valued at $37,000. Captrust Financial Advisors grew its position in Golar LNG by 1,152.5% in the first quarter. Captrust Financial Advisors now owns 2,292 shares of the shipping company’s stock valued at $57,000 after acquiring an additional 2,109 shares during the period. Neo Ivy Capital Management bought a new stake in Golar LNG in the second quarter valued at $62,000. Ellevest Inc. grew its position in Golar LNG by 596.0% in the second quarter. Ellevest Inc. now owns 2,972 shares of the shipping company’s stock valued at $68,000 after acquiring an additional 2,545 shares during the period. Finally, Strs Ohio bought a new stake in Golar LNG in the second quarter valued at $79,000. 72.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GLNG has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on Golar LNG from $17.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, November 17th. StockNews.com started coverage on Golar LNG in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Bank of America upgraded 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 report on Thursday, September 29th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Golar LNG currently has a consensus rating of “Moderate Buy” and an average target price of $29.90.

Golar LNG Price Performance

Golar LNG stock opened at $23.47 on Wednesday. The business’s 50-day simple moving average is $23.45 and its 200 day simple moving average is $24.80. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 3.50 and a beta of 0.63. Golar LNG Limited has a 12-month low of $12.49 and a 12-month high of $30.66. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 0.35.

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

Golar LNG Profile

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

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