Golar LNG (NASDAQ:GLNG) posted its earnings results on Tuesday. The shipping company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.13), Yahoo Finance reports. The company had revenue of $93.07 million for the quarter, compared to the consensus estimate of $100.53 million. Golar LNG had a negative return on equity of 4.26% and a negative net margin of 77.74%.
Shares of Golar LNG stock opened at $12.53 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.95. Golar LNG has a twelve month low of $11.07 and a twelve month high of $28.08. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -32.97 and a beta of 0.85. The company’s fifty day moving average is $13.81 and its 200 day moving average is $15.32.
A number of research firms have weighed in on GLNG. ValuEngine raised shares of Golar LNG from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Citigroup cut shares of Golar LNG from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 29th. BidaskClub cut shares of Golar LNG from a “sell” rating to a “strong sell” rating in a research note on Saturday, November 16th. Morgan Stanley reaffirmed an “overweight” rating and set a $17.00 target price on shares of Golar LNG in a research note on Friday, September 20th. Finally, TheStreet cut shares of Golar LNG from a “c-” rating to a “d+” rating in a research note on Friday, August 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. Golar LNG presently has an average rating of “Buy” and an average price target of $20.75.
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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