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 (1,145) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious GLNG increase. With 1,145 contracts traded and 33034 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: GLNG161216C00022500 closed last at: $1.4 or 17.6% down. About 352,631 shares traded hands. Golar LNG Limited (USA) (NASDAQ:GLNG) has risen 21.39% since April 4, 2016 and is uptrending. It has outperformed by 20.30% the S&P500.

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

Out of 8 analysts covering Golar LNG Limited (NASDAQ:GLNG), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. $55 is the highest target while $16 is the lowest. The $39.14 average target is 83.07% above today’s ($21.38) stock price. Golar LNG Limited has been the topic of 15 analyst reports since August 18, 2015 according to StockzIntelligence Inc. Nordea upgraded the stock to “Buy” rating in Wednesday, June 1 report. The stock of Golar LNG Limited (USA) (NASDAQ:GLNG) earned “Hold” rating by DNB Markets on Friday, April 29. Bank of America downgraded the shares of GLNG in a report on Wednesday, December 2 to “Neutral” rating. Credit Suisse initiated the shares of GLNG in a report on Friday, September 18 with “Neutral” rating. The rating was upgraded by Stifel Nicolaus on Friday, August 28 to “Buy”. ABN Amro upgraded the shares of GLNG in a report on Monday, October 3 to “Hold” rating. DNB Markets upgraded the stock to “Buy” rating in Friday, July 1 report. Credit Suisse upgraded Golar LNG Limited (USA) (NASDAQ:GLNG) rating on Monday, May 9. Credit Suisse has “Outperform” rating and $30 price target. The firm has “Outperform” rating by Cowen & Co given on Thursday, October 20.

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 $1.92 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 news for Golar LNG Limited (USA) (NASDAQ:GLNG) were recently published by: Schaeffersresearch.com, which released: “Golar LNG Limited (USA) (GLNG) Bulls Cash In On Winning Options Bets” on July 25, 2016. Fool.com‘s article titled: “This Is What’s Fueling Golar LNG Limited’s (USA) Stunning 27% Surge Today” and published on May 05, 2015 is yet another important article.

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