Price Don’t Lie: Golar LNG Limited (USA) Can’t Be More Safe. Trades Significantly Higher

Price Don't Lie: Golar LNG Limited (USA) Can't Be More Safe. Trades Significantly Higher

The stock of Golar LNG Limited (USA) (NASDAQ:GLNG) is a huge mover today! About 1.40M shares traded hands or 19.66% up from the average. Golar LNG Limited (USA) (NASDAQ:GLNG) has risen 26.19% since April 8, 2016 and is uptrending. It has outperformed by 20.54% the S&P500.
The move comes after 7 months positive chart setup for the $2.29 billion company. It was reported on Nov, 10 by Barchart.com. We have $32.36 PT which if reached, will make NASDAQ:GLNG worth $801.50M more.

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. Golar LNG Limited has been the topic of 15 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The rating was downgraded by Bank of America on Wednesday, December 2 to “Neutral”. The stock of Golar LNG Limited (USA) (NASDAQ:GLNG) has “Outperform” rating given on Monday, May 9 by Credit Suisse. The stock of Golar LNG Limited (USA) (NASDAQ:GLNG) has “Buy” rating given on Wednesday, June 1 by Nordea. Credit Suisse initiated Golar LNG Limited (USA) (NASDAQ:GLNG) on Friday, September 18 with “Neutral” rating. The rating was downgraded by DNB Markets to “Hold” on Friday, April 29. DNB Markets upgraded the shares of GLNG in a report on Friday, July 1 to “Buy” rating. Stifel Nicolaus upgraded Golar LNG Limited (USA) (NASDAQ:GLNG) on Friday, August 28 to “Buy” rating. Cowen & Co maintained Golar LNG Limited (USA) (NASDAQ:GLNG) rating on Thursday, October 20. Cowen & Co has “Outperform” rating and $45 price target. The stock of Golar LNG Limited (USA) (NASDAQ:GLNG) has “Hold” rating given on Monday, October 3 by ABN Amro.

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.”

Another recent and important Golar LNG Limited (USA) (NASDAQ:GLNG) news was published by Fool.com which published an article titled: “This Is What’s Fueling Golar LNG Limited’s (USA) Stunning 27% Surge Today” on May 05, 2015.

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.

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