Golar LNG Limited (USA) Unusual Bullish Options Activity Means Profits for Traders

 Golar LNG Limited (USA) Unusual Bullish Options Activity Means Profits for Traders

In today’s session Golar LNG Limited (USA) (GLNG) registered an unusually high (615) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious GLNG increase. With 615 contracts traded and 20884 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: GLNG170120C00030000 closed last at: $1.2 or 60% up. About 210,756 shares traded hands. Golar LNG Limited (USA) (NASDAQ:GLNG) has risen 20.51% since March 16, 2016 and is uptrending. It has outperformed by 14.97% 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 57.53% above today’s ($24.23) stock price. Golar LNG Limited has been the topic of 14 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Wednesday, December 2 by Bank of America. The firm has “Neutral” rating given on Friday, September 18 by Credit Suisse. The stock of Golar LNG Limited (USA) (NASDAQ:GLNG) earned “Buy” rating by Stifel Nicolaus on Friday, August 28. The rating was downgraded by DNB Markets on Friday, April 29 to “Hold”. The firm has “Buy” rating by DNB Markets given on Friday, July 1. The firm has “Hold” rating by ABN Amro given on Monday, October 3. Nordea upgraded the stock to “Buy” rating in Wednesday, June 1 report. Credit Suisse upgraded it to “Outperform” rating and $30 target price in Monday, May 9 report.

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 $2.34 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: “Why Russia Sent Shares of Golar LNG Limited (USA) Surging Today” published on March 05, 2015, Fool.com published: “This Is What’s Fueling Golar LNG Limited’s (USA) Stunning 27% Surge Today” on May 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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