Golar LNG Limited (USA) (GLNG) is Upgraded by Credit Suisse to Outperform

Golar LNG Limited (USA) (GLNG) was Upgraded by Credit Suisse to ” Outperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Credit Suisse advised their investors in a research report released on May 9, 2016.

Many Wall Street Analysts have commented on Golar LNG Limited (USA). Golar LNG Limited (USA) was Upgraded by Jefferies to ” Buy” on Apr 22, 2016.

Golar LNG Limited (USA) opened for trading at $15.62 and hit $16.72 on the upside on Friday, eventually ending the session at $16.23, with a gain of 3.71% or 0.58 points. The heightened volatility saw the trading volume jump to 13,14,620 shares. Company has a market cap of $1,518 M.

Golar LNG Limited (Golar) is the owner and operator of liquefied natural gas (LNG) carriers and floating storage regasification units (FSRUs). As of March 31 2010 Golar had a fleet of 13 vessels 10 LNG carriers three FSRUs and a 50% interest in a further LNG carrier. On June 22 2009 the Company formed a wholly owned subsidiary Golar LNG Energy Limited (Golar Energy). As of December 31 2009 it owned 73.8% of Golar Energy. Golar Energy specializes in the acquisition ownership operation and chartering of FSRUs and the development of liquefaction projects. In 2011 the Company made the following acquisitions: Golar LNG Energy Limited (July) a floating storage and regasification unit Golar Freeze (October). On January 23 2012 the Company acquired a Moss type carrier namely LNG Carrier Gandria. On July 19 2012 it sold its interest in the companies owning and operating the Nusantara Tegas Satu FSRU.

Golar LNG Limited (USA)

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