Golar LNG (NASDAQ:GLNG) has been upgraded from Sell to Hold in a statement by ABN Amro earlier today.
- Updated: October 3, 2016
ABN Amro has upgraded Golar LNG (NASDAQ:GLNG) from Sell to Hold in a statement released on 10/03/2016.
On 9/6/2016, Morgan Stanley released a statement on Golar LNG (NASDAQ:GLNG) upped the target price from $0.00 to $30.00 that suggested an upside of 0.36%.
Having a price of $21.20, Golar LNG (NASDAQ:GLNG) traded 1.37% higher on the day. With the last close up 16.18% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Golar LNG has recorded a 50-day average of $20.84 and a two hundred day average of $18.50. Volume of trade was down over the average, with 250,554 shares of GLNG changing hands under the typical 1,641,520
With a total market value of $0, Golar LNG has with a one year low of $9.42 and a one year high of $34.69 .
A total of 17 equity analysts have issued a report on the stock. Six brokerages rating the stock a strong buy, eleven brokerages rating the company a buy, 2 brokers rating the stock a hold, 0 firms rating the stock a underperform, and finally zero analysts rating the company a sell with a 12-month target of $37.09.
Brief Synopsis About Golar LNG (NASDAQ:GLNG)
Golar LNG Limited is a midstream liquefied natural gas (LNG) company engaged primarily in the transportation, regasification, liquefaction and trading of LNG. The Company is engaged in the acquisition, ownership, operation and chartering of LNG carriers and Floating Storage Regasification Unit (FSRUs) through its subsidiaries and affiliates, and the development of LNG projects, such as floating LNGs (FLNGs). The Company's segments include Vessel operations, LNG trading and FLNG. Under the Vessel operations segment, the Company operates and charters out LNG carriers and FSRUs on fixed terms to customers. Through the LNG trading segment, the Company provides physical and financial risk management in LNG and gas markets for customers around the world. The FLNG segment includes the costs associated with the conversion of its LNG carrier, the Hilli, to a FLNG. The Company, along with its affiliate, Golar LNG Partners LP, has a combined fleet of approximately 30 vessels.
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