Golar LNG (NASDAQ:GLNG) Rating Kept
In an analyst report issued to investors and clients on today, Cowen reiterated their “Outperform” rating on Golar Lng (NASDAQ:GLNG)’s stock. The TP would indicate a potential upside of 108.23 % from company’s current price.
NASDAQ:GLNG is right now trading -0.31% lower at $22.37 as of 10:05 AM New York time. Golar LNG’s stock is 0% in the last 200 days. It has underperformed the S&P 500 Index, which has surged 6.00% in the same time.
According to data compiled by Thomson Reuters, Golar LNG (NASDAQ:GLNG)’s stock is covered by 17 equity analysts across the Street, with 0 analysts giving it a Sell rating, 17 a Buy rating, while 2 consider it a Hold. The 12-month consensus target price for the stock is $37.09, which reflects an upside potential of 65.80% over the current price.
Golar LNG (NASDAQ:GLNG) Profile
Golar LNG Limited is a midstream liquefied natural gas (LNG) company engaged primarily in the transportation, regasification, liquefaction and trading of LNG. The Company 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 segments include Vessel operations, LNG trading and FLNG.
Golar LNG (NASDAQ:GLNG) traded down -0.31% on 12 December, hitting $22.37. A total of 766,235 shares of the company’s stock traded hands. This is down from average of 1.61M shares. Golar LNG has a 52 week low of $15.09 and a 52 week high of $29.18. The company has a market cap of $2.26B and a P/E ratio of 0.
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The post Cowen Analyst Reaffirmed $44.0 Price Target on Golar LNG (NASDAQ:GLNG) stock, While Reiterating “Outperform” Rating appeared first on Octafinance.