Golar LNG Limited (NASDAQ:GLNG) Expected to Announce Earnings of $0.11 Per Share


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Brokerages expect Golar LNG Limited (NASDAQ:GLNG) to report $0.11 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Golar LNG’s earnings. The highest EPS estimate is $0.24 and the lowest is $0.02. Golar LNG posted earnings of ($0.08) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 237.5%. The firm is scheduled to issue its next earnings report on Thursday, May 27th.

On average, analysts expect that Golar LNG will report full-year earnings of $0.13 per share for the current financial year, with EPS estimates ranging from ($0.15) to $0.84. For the next year, analysts expect that the business will post earnings of $0.35 per share, with EPS estimates ranging from ($0.19) to $0.87. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Golar LNG.

Several research analysts have commented on GLNG shares. B. Riley boosted their price target on shares of Golar LNG from $13.00 to $20.50 and gave the stock a “buy” rating in a report on Thursday, January 14th. They noted that the move was a valuation call. Citigroup started coverage on shares of Golar LNG in a report on Tuesday, March 2nd. They set a “neutral” rating and a $13.00 price target for the company. Finally, Jefferies Financial Group boosted their price target on shares of Golar LNG from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, January 29th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $13.42.

Institutional investors have recently modified their holdings of the company. Campbell & CO Investment Adviser LLC acquired a new position in shares of Golar LNG in the 4th quarter valued at $102,000. People s United Financial Inc. acquired a new position in shares of Golar LNG in the 4th quarter valued at $105,000. US Bancorp DE acquired a new position in shares of Golar LNG in the 4th quarter valued at $109,000. Engineers Gate Manager LP acquired a new position in shares of Golar LNG in the 4th quarter valued at $115,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Golar LNG by 19.8% in the 4th quarter. SG Americas Securities LLC now owns 19,060 shares of the shipping company’s stock valued at $184,000 after buying an additional 3,152 shares in the last quarter. Institutional investors and hedge funds own 64.10% of the company’s stock.

GLNG traded up $0.04 during trading hours on Wednesday, hitting $10.72. 1,210,241 shares of the company’s stock were exchanged, compared to its average volume of 1,917,172. Golar LNG has a 12-month low of $4.94 and a 12-month high of $15.12. The firm has a 50 day moving average of $11.11 and a 200 day moving average of $9.90. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.15 and a quick ratio of 0.15.

Golar LNG Company Profile

Golar LNG Limited provides infrastructure for the liquefaction, transportation, regasification, and downstream distribution 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, FLNG, and floating storage regasification units (FSRUs); and the development of gas to power projects, as well as LNG distribution operations.

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