Could Golar LNG Limited (USA) Change Direction After Today’s Bearish Options Activity?

 Could Golar LNG Limited (USA) Change Direction After Today's Bearish Options Activity?

In today’s session Golar LNG Limited (USA) (GLNG) recorded an unusually high (954) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious GLNG decrease. With 954 contracts traded and 24274 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: GLNG161216P00022500 closed last at: $1.05 or 40% up. About 714,139 shares traded hands. Golar LNG Limited (USA) (NASDAQ:GLNG) has risen 6.04% since April 26, 2016 and is uptrending. It has outperformed by 0.78% the S&P500.

Analysts await Golar LNG Limited (USA) (NASDAQ:GLNG) to report earnings on November, 30 before the open. They expect $-0.43 EPS, down 48.28% or $0.14 from last year’s $-0.29 per share. After $-0.48 actual EPS reported by Golar LNG Limited (USA) for the previous quarter, Wall Street now forecasts -10.42% EPS growth.

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

Out of 9 analysts covering Golar LNG Limited (NASDAQ:GLNG), 7 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 78% are positive. $55 is the highest target while $16 is the lowest. The $37 average target is 65.33% above today’s ($22.38) stock price. Golar LNG Limited has been the topic of 16 analyst reports since August 18, 2015 according to StockzIntelligence Inc. Stifel Nicolaus upgraded the stock to “Buy” rating in Friday, August 28 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 stock has “Buy” rating given by DNB Markets on Friday, July 1. The firm has “Buy” rating given on Wednesday, November 23 by Seaport Global. The firm 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 stock of Golar LNG Limited (USA) (NASDAQ:GLNG) has “Outperform” rating given on Thursday, October 20 by Cowen & Co. The company was upgraded on Monday, October 3 by ABN Amro. The stock of Golar LNG Limited (USA) (NASDAQ:GLNG) earned “Hold” rating by DNB Markets on Friday, April 29. The rating was downgraded by Bank of America to “Neutral” on Wednesday, December 2.

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 $2.12 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: Fool.com, which released: “This Is What’s Fueling Golar LNG Limited’s (USA) Stunning 27% Surge Today” on May 05, 2015. Schaeffersresearch.com‘s article titled: “Options Volume Soars as Golar LNG Limited (USA) (GLNG) Plunges” and published on April 29, 2016 is yet another important article.

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