Traders See Bullish Options Activity Golar LNG Limited (USA)

 Traders See Bullish Options Activity Golar LNG Limited (USA)

In today’s session Golar LNG Limited (USA) (GLNG) registered an unusually high (1,113) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the March, 2017 call, expecting serious GLNG increase. With 1,113 contracts traded and 3104 open interest for the Mar, 17 contract, it seems this is a quite bullish bet. The option with symbol: GLNG170317C00025000 closed last at: $2.7 or 5.9% up. About 157,750 shares traded hands. Golar LNG Limited (USA) (NASDAQ:GLNG) has risen 8.85% since March 7, 2016 and is uptrending. It has outperformed by 1.26% the S&P500.

Golar LNG Limited (USA) (NASDAQ:GLNG) Ratings Coverage

Out of 7 analysts covering Golar LNG Limited (NASDAQ:GLNG), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. $55 is the highest target while $16 is the lowest. The $38.17 average target is 65.38% above today’s ($23.08) stock price. Golar LNG Limited has been the topic of 14 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Stifel Nicolaus on Friday, August 28. On Monday, May 9 the stock rating was upgraded by Credit Suisse to “Outperform”. The rating was upgraded by Nordea to “Buy” on Wednesday, June 1. As per Friday, July 1, the company rating was upgraded by DNB Markets. The firm has “Hold” rating given on Monday, October 3 by ABN Amro. Bank of America downgraded the shares of GLNG in a report on Wednesday, December 2 to “Neutral” rating. Credit Suisse initiated Golar LNG Limited (USA) (NASDAQ:GLNG) on Friday, September 18 with “Neutral” rating. The firm has “Hold” rating by DNB Markets given on Friday, April 29.

According to Zacks Investment Research, “GOLAR LNG LIMITED is engaged in the acquisition, ownership, operation and chartering of liquid natural gas carriers and floating storage re-gasification units through its subsidiaries.”

Golar LNG Limited is a midstream liquefied natural gas firm engaged primarily in the transportation, regasification, liquefaction and trading of LNG. The company has a market cap of $2.15 billion. The Firm 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). It currently has negative earnings. The Company’s divisions include Vessel operations, LNG trading and FLNG.

GLNG Company Profile

Golar LNG Limited, incorporated on May 10, 2001, is a midstream liquefied natural gas (LNG) firm engaged primarily in the transportation, regasification, liquefaction and trading of LNG. The Firm 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 divisions include Vessel operations, LNG trading and FLNG. Under the Vessel activities 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 clients around the world. The FLNG segment includes the costs associated with the conversion of its LNG carrier, the Hilli, to a FLNG.

More notable recent Golar LNG Limited (USA) (NASDAQ:GLNG) news were published by: Schaeffersresearch.com which released: “Golar LNG Limited (USA) (GLNG) Bulls Cash In On Winning Options Bets” on July 25, 2016, also Fool.com with their article: “This Is What’s Fueling Golar LNG Limited’s (USA) Stunning 27% Surge Today” published on May 05, 2015, Fool.com published: “Why Russia Sent Shares of Golar LNG Limited (USA) Surging Today” on March 05, 2015. More interesting news about Golar LNG Limited (USA) (NASDAQ:GLNG) were released by: Schaeffersresearch.com and their article: “Call Buyers Score Big On Golar LNG Limited (USA) (GLNG) Burst” published on January 22, 2016 as well as Marketwatch.com‘s news article titled: “Golar LNG stock price target raised to $30 from $20 at Credit Suisse” with publication date: December 22, 2009.

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