Price Action To Observe: What’s Propelling Golar LNG Limited (USA) to Increase So Much?

Price Action To Observe: What's Propelling Golar LNG Limited (USA) to Increase So Much?

The stock of Golar LNG Limited (USA) (NASDAQ:GLNG) is a huge mover today! About 618,907 shares traded hands. Golar LNG Limited (USA) (NASDAQ:GLNG) has risen 15.66% since February 29, 2016 and is uptrending. It has outperformed by 3.44% the S&P500.
The move comes after 9 months positive chart setup for the $2.04 billion company. It was reported on Oct, 3 by We have $29.89 PT which if reached, will make NASDAQ:GLNG worth $795.60 million more.

Golar LNG Limited (USA) (NASDAQ:GLNG) Ratings Coverage

Out of 6 analysts covering Golar LNG Limited (NASDAQ:GLNG), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. Golar LNG Limited has been the topic of 13 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The rating was upgraded by Nordea to “Buy” on Wednesday, June 1. The stock has “Buy” rating given by Stifel Nicolaus on Friday, August 28. Bank of America downgraded the shares of GLNG in a report on Wednesday, December 2 to “Neutral” rating. DNB Markets downgraded the shares of GLNG in a report on Friday, April 29 to “Hold” rating. The firm has “Neutral” rating given on Friday, September 18 by Credit Suisse. The firm has “Outperform” rating by Credit Suisse given on Monday, May 9. As per Friday, July 1, the company rating was upgraded by DNB Markets.

According to Zacks Investment Research, “GOLAR LNG LIMITED is engaged in the acquisition, ownership, operation and chartering of liquid natural gas carriers and floating storage re-gasification units through its subsidiaries.”

More important recent Golar LNG Limited (USA) (NASDAQ:GLNG) news were published by: which released: “This Is What’s Fueling Golar LNG Limited’s (USA) Stunning 27% Surge Today” on May 05, 2015, also published article titled: “Golar LNG stock price target raised to $30 from $20 at Credit Suisse”, published: “Golar LNG Limited (USA) Stock Nosedives on Schlumberger Ophir Withdrawal” on April 29, 2016. More interesting news about Golar LNG Limited (USA) (NASDAQ:GLNG) was released by: and their article: “Golar LNG Limited, Schlumberger Limited. Join Hands to Form OneLNG JV” with publication date: July 25, 2016.

GLNG Company Profile

Golar LNG Limited, incorporated on May 10, 2001, is a midstream liquefied natural gas (LNG) firm engaged primarily in the transportation, regasification, liquefaction and trading of LNG. The Firm 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). The Company’s divisions include Vessel operations, LNG trading and FLNG. Under the Vessel activities segment, the Company operates and charters out LNG carriers and FSRUs on fixed terms to customers. Through the LNG trading segment, the Company provides physical and financial risk management in LNG and gas markets for clients around the world. The FLNG segment includes the costs associated with the conversion of its LNG carrier, the Hilli, to a FLNG.

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