Golar LNG Ltd. (NASDAQ:GLNG) has been assigned a consensus rating of “Buy” from the eighteen research firms that are covering the stock. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $28.50.

Several equities research analysts have weighed in on GLNG shares. Bank of America Corp. raised Golar LNG from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Monday, August 1st. Jefferies Group reissued a “buy” rating on shares of Golar LNG in a research note on Monday, August 1st. Morgan Stanley started coverage on Golar LNG in a research note on Tuesday, September 6th. They set a “buy” rating and a $30.00 price objective on the stock. ABN Amro raised Golar LNG from a “sell” rating to a “hold” rating in a research note on Monday, October 3rd. Finally, Wells Fargo & Co. reissued a “buy” rating on shares of Golar LNG in a research note on Wednesday, October 5th.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC raised its stake in shares of Golar LNG by 0.3% in the second quarter. FMR LLC now owns 9,354,666 shares of the company’s stock worth $144,997,000 after buying an additional 26,690 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of Golar LNG by 8.3% in the third quarter. BlackRock Fund Advisors now owns 2,243,766 shares of the company’s stock worth $47,568,000 after buying an additional 172,388 shares during the last quarter. Steinberg Asset Management LLC raised its stake in shares of Golar LNG by 0.5% in the second quarter. Steinberg Asset Management LLC now owns 2,149,600 shares of the company’s stock worth $33,319,000 after buying an additional 10,327 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of Golar LNG during the second quarter worth about $22,945,000. Finally, Cannell Peter B & Co. Inc. raised its stake in shares of Golar LNG by 88.3% in the second quarter. Cannell Peter B & Co. Inc. now owns 1,383,075 shares of the company’s stock worth $21,438,000 after buying an additional 648,675 shares during the last quarter. Institutional investors and hedge funds own 80.33% of the company’s stock.

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Golar LNG (NASDAQ:GLNG) traded down 4.36% on Tuesday, reaching $22.16. The company had a trading volume of 2,171,785 shares. Golar LNG has a 52 week low of $9.42 and a 52 week high of $28.63. The stock’s 50-day moving average is $23.29 and its 200-day moving average is $19.69. The company’s market capitalization is $2.00 billion.

About Golar LNG

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).

5 Day Chart for NASDAQ:GLNG

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