Notable Reporting: Could Golar LNG Limited (USA) See a Reversal After This Very Strong Session?

Notable Reporting: Could Golar LNG Limited (USA) See a Reversal After This Very Strong Session?

The stock of Golar LNG Limited (USA) (NASDAQ:GLNG) is a huge mover today! About 4.14 million shares traded hands or 239.34% up from the average. Golar LNG Limited (USA) (NASDAQ:GLNG) has risen 17.02% since April 13, 2016 and is uptrending. It has outperformed by 13.09% the S&P500.
The move comes after 6 months positive chart setup for the $2.29B company. It was reported on Nov, 15 by Barchart.com. We have $31.18 PT which if reached, will make NASDAQ:GLNG worth $526.70 million 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 stock of Golar LNG Limited (USA) (NASDAQ:GLNG) has “Hold” rating given on Monday, October 3 by ABN Amro. The firm earned “Outperform” rating on Monday, May 9 by Credit Suisse. The firm has “Buy” rating by Nordea given on Wednesday, June 1. The stock of Golar LNG Limited (USA) (NASDAQ:GLNG) earned “Buy” rating by Stifel Nicolaus on Friday, August 28. The stock of Golar LNG Limited (USA) (NASDAQ:GLNG) earned “Hold” rating by DNB Markets on Friday, April 29. As per Friday, September 18, the company rating was initiated by Credit Suisse. The firm earned “Neutral” rating on Wednesday, December 2 by Bank of America. DNB Markets upgraded the shares of GLNG in a report on Friday, July 1 to “Buy” rating. The rating was maintained by Cowen & Co with “Outperform” 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.”

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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