Golar LNG Limited (USA) (GLNG) was Resumed by Seaport Global Securities to “Buy” and the brokerage firm has set the Price Target at $35. Seaport Global Securities advised their investors in a research report released on Nov 23, 2016.
Many Wall Street Analysts have commented on Golar LNG Limited (USA). Shares were Reiterated by Cowen on Oct 20, 2016 to “Outperform” and Lowered the Price Target to $ 45 from a previous price target of $57 .
Golar LNG Limited (USA) opened for trading at $24.96 and hit $25.47 on the upside on Monday, eventually ending the session at $25.02, with a gain of 0.40% or 0.1 points. The heightened volatility saw the trading volume jump to 11,81,251 shares. Company has a market cap of $2,341 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.