Golar LNG (GLNG) Scheduled to Post Quarterly Earnings on Tuesday

Golar LNG (NASDAQ:GLNG) is scheduled to be announcing its earnings results before the market opens on Tuesday, November 26th. Analysts expect the company to announce earnings of ($0.29) per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Golar LNG (NASDAQ:GLNG) last released its quarterly earnings results on Thursday, August 29th. The shipping company reported ($0.62) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.34) by ($0.28). Golar LNG had a negative return on equity of 4.26% and a negative net margin of 77.74%. The business had revenue of $82.32 million during the quarter, compared to analyst estimates of $85.10 million. On average, analysts expect Golar LNG to post $-1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NASDAQ:GLNG opened at $12.79 on Tuesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.43 and a current ratio of 0.43. Golar LNG has a one year low of $11.07 and a one year high of $28.08. The business’s 50-day simple moving average is $13.91 and its 200 day simple moving average is $15.61. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of -33.66 and a beta of 0.85.

Several brokerages recently weighed in on GLNG. BidaskClub lowered Golar LNG from a “sell” rating to a “strong sell” rating in a report on Saturday. TheStreet lowered Golar LNG from a “c-” rating to a “d+” rating in a report on Friday, August 16th. Morgan Stanley reissued an “overweight” rating and issued a $17.00 price objective on shares of Golar LNG in a report on Friday, September 20th. Scotiabank set a $23.00 price objective on Golar LNG and gave the company a “buy” rating in a report on Monday, September 30th. Finally, Stifel Nicolaus lowered their price objective on Golar LNG from $30.00 to $27.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. Golar LNG has an average rating of “Buy” and a consensus target price of $20.75.

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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