Golar LNG Limited (USA) (GLNG) is Upgraded by BofA/Merrill to Buy

Golar LNG Limited (USA) (GLNG) was Upgraded by BofA/Merrill to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. BofA/Merrill advised their investors in a research report released on Aug 1, 2016.

Many Wall Street Analysts have commented on Golar LNG Limited (USA). Golar LNG Limited (USA) was Downgraded by ABN Amro to ” Sell” on Jun 30, 2016. Golar LNG Limited (USA) was Upgraded by Nordea to ” Buy” on Jun 1, 2016. Golar LNG Limited (USA) was Upgraded by Credit Suisse to ” Outperform” on May 9, 2016.

Golar LNG Limited (USA) opened for trading at $16.65 and hit $17.07 on the upside on Friday, eventually ending the session at $16.96, with a gain of 0.83% or 0.14 points. The heightened volatility saw the trading volume jump to 10,08,384 shares. Company has a market cap of $1,587 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)

Leave a Reply

Golar LNG Limited (USA) - Is it time to Sell?

Top Brokerage Firms are advising their investors on Golar LNG Limited (USA). Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.