Could Golar LNG Limited (USA) Lose Strenght? Option Traders Don’t Think So

 Could Golar LNG Limited (USA) Lose Strenght? Option Traders Don't Think So

In today’s session Golar LNG Limited (USA) (GLNG) registered an unusually high (2,904) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious GLNG increase. With 2,904 contracts traded and 40624 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: GLNG161118C00022500 closed last at: $2.5 or 150% up. About 147,693 shares traded hands. Golar LNG Limited (USA) (NASDAQ:GLNG) has risen 26.94% since April 12, 2016 and is uptrending. It has outperformed by 21.96% 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 62.74% above today’s ($24.05) stock price. Golar LNG Limited has been the topic of 15 analyst reports since August 18, 2015 according to StockzIntelligence Inc. Credit Suisse initiated the stock with “Neutral” rating in Friday, September 18 report. The rating was maintained by Cowen & Co on Thursday, October 20 with “Outperform”. As per Friday, April 29, the company rating was downgraded by DNB Markets. As per Monday, May 9, the company rating was upgraded by Credit Suisse. The company was upgraded on Monday, October 3 by ABN Amro. The firm has “Buy” rating by Stifel Nicolaus given on Friday, August 28. The company was upgraded on Friday, July 1 by DNB Markets. The firm has “Neutral” rating by Bank of America given on Wednesday, December 2. The stock has “Buy” rating given by Nordea on Wednesday, June 1.

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 $2.29 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.

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.

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