Finally Time to Make a Move? Deutsche Bank Initiates Coverage On Golar LNG (NASDAQ:GLNG) with $36 Price Target

October 11, 2018 - By Dolores Ford

Golar LNG Limited (NASDAQ:GLNG) Logo

Why Has Deutsche Bank Given Golar LNG (NASDAQ:GLNG) a $36 Price Target

In a report revealed to clients and investors on 11 October, analysts at Deutsche Bank started coverage for Golar LNG (NASDAQ:GLNG) shares. The firm has decided to set a Buy rating along with a $36, adding 40.46 % to the target.

Golar LNG Limited (NASDAQ:GLNG) Ratings Coverage

Among 7 analysts covering Golar LNG Limited (NASDAQ:GLNG), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Golar LNG Limited has $4200 highest and $30 lowest target. $33.86’s average target is 32.11% above currents $25.63 stock price. Golar LNG Limited had 9 analyst reports since April 19, 2018 according to SRatingsIntel. Bank of America downgraded the shares of GLNG in report on Thursday, July 12 to “Neutral” rating. The firm earned “Overweight” rating on Friday, August 24 by Morgan Stanley. Morgan Stanley maintained the shares of GLNG in report on Monday, June 4 with “Overweight” rating. The firm earned “Buy” rating on Friday, June 1 by Citigroup. Stifel Nicolaus maintained the shares of GLNG in report on Thursday, April 19 with “Buy” rating.

The stock decreased 0.43% or $0.11 during the last trading session, reaching $25.63. About 376,338 shares traded. Golar LNG Limited (NASDAQ:GLNG) has risen 24.47% since October 11, 2017 and is uptrending. It has outperformed by 8.85% the S&P500.

Analysts await Golar LNG Limited (NASDAQ:GLNG) to report earnings on November, 29. They expect $0.08 earnings per share, up 118.60 % or $0.51 from last year’s $-0.43 per share. GLNG’s profit will be $8.09 million for 80.09 P/E if the $0.08 EPS becomes a reality. After $-0.38 actual earnings per share reported by Golar LNG Limited for the previous quarter, Wall Street now forecasts -121.05 % EPS growth.

Golar LNG Limited, a midstream liquefied natural gas company, engages in the transportation, regasification, liquefaction, and trading of LNG. The company has market cap of $2.59 billion. The firm operates through Vessel Operations, LNG Trading, FLNG, and Power divisions. It currently has negative earnings. It is involved in the acquisition, ownership, operation, and chartering of LNG carriers and floating storage regasification units (FSRUs); and the development of LNG projects.

More important recent Golar LNG Limited (NASDAQ:GLNG) news were published by: Benzinga.com which released: “Ahoy, Upside Ahead: B Riley FBR Out Bullish On 3 Shipping Stocks” on October 04, 2018, also 247Wallst.com published article titled: “Jefferies Franchise List Energy Stocks Could Be Big Q4 Winners”, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For October 11, 2018” on October 11, 2018. More interesting news about Golar LNG Limited (NASDAQ:GLNG) was released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For October 4, 2018” with publication date: October 04, 2018.

Golar LNG Limited (NASDAQ:GLNG) Ratings Chart

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