Golar LNG (NASDAQ:GLNG) Sets New 52-Week High at $26.00

Golar LNG Limited (NASDAQ:GLNG) hit a new 52-week high during trading on Wednesday . The company traded as high as $26.00 and last traded at $26.00, with a volume of 150 shares changing hands. The stock had previously closed at $25.62.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Golar LNG from a “hold” rating to a “sell” rating in a research report on Thursday, April 25th.

Golar LNG Stock Up 0.3 %

The firm has a 50 day moving average price of $23.98 and a 200-day moving average price of $22.75. The firm has a market cap of $2.69 billion, a PE ratio of -59.58 and a beta of 0.62. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.34.

Golar LNG (NASDAQ:GLNG) last posted its earnings results on Thursday, February 29th. The shipping company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.40. The firm had revenue of $78.65 million for the quarter, compared to the consensus estimate of $76.85 million. Golar LNG had a negative net margin of 15.68% and a positive return on equity of 11.67%. Research analysts forecast that Golar LNG Limited will post 1.65 EPS for the current fiscal year.

Golar LNG Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Tuesday, March 12th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.89%. The ex-dividend date was Monday, March 11th. Golar LNG’s payout ratio is currently -232.56%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in Golar LNG in the fourth quarter valued at $117,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Golar LNG by 26,805.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,112 shares of the shipping company’s stock worth $118,000 after buying an additional 5,093 shares in the last quarter. Cetera Trust Company N.A purchased a new stake in Golar LNG during the fourth quarter worth about $133,000. Aigen Investment Management LP acquired a new position in Golar LNG during the third quarter worth about $201,000. Finally, Cable Hill Partners LLC purchased a new position in Golar LNG in the third quarter valued at about $228,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Golar LNG Company Profile

Golar LNG Limited designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels or projects; transportation of LNG carriers; and vessel management activities.