Today’s Market Runner: What Will Happen to Golar LNG Limited (USA) Next? The Stock Just Increased A Lot

Today's Market Runner: What Will Happen to Golar LNG Limited (USA) Next? The Stock Just Increased A Lot

The stock of Golar LNG Limited (USA) (NASDAQ:GLNG) is a huge mover today! About 2.11 million shares traded hands or 37.91% up from the average. Golar LNG Limited (USA) (NASDAQ:GLNG) has risen 1.68% since April 27, 2016 and is uptrending. It has underperformed by 3.55% the S&P500.
The move comes after 9 months positive chart setup for the $2.35B company. It was reported on Nov, 30 by Barchart.com. We have $26.22 PT which if reached, will make NASDAQ:GLNG worth $117.50M more.

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

Out of 9 analysts covering Golar LNG Limited (NASDAQ:GLNG), 7 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 78% are positive. Golar LNG Limited has been the topic of 16 analyst reports since August 18, 2015 according to StockzIntelligence Inc. ABN Amro upgraded the stock to “Hold” rating in Monday, October 3 report. The rating was initiated by Credit Suisse on Friday, September 18 with “Neutral”. The firm earned “Outperform” rating on Thursday, October 20 by Cowen & Co. On Friday, August 28 the stock rating was upgraded by Stifel Nicolaus to “Buy”. The firm has “Buy” rating given on Friday, July 1 by DNB Markets. Nordea upgraded Golar LNG Limited (USA) (NASDAQ:GLNG) on Wednesday, June 1 to “Buy” rating. The stock of Golar LNG Limited (USA) (NASDAQ:GLNG) earned “Hold” rating by DNB Markets on Friday, April 29. The firm has “Neutral” rating by Bank of America given on Wednesday, December 2. The company was reinitiated on Wednesday, November 23 by Seaport Global. The firm earned “Outperform” rating on Monday, May 9 by Credit Suisse.

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 news for Golar LNG Limited (USA) (NASDAQ:GLNG) were recently published by: Fool.com, which released: “This Is What’s Fueling Golar LNG Limited’s (USA) Stunning 27% Surge Today” on May 05, 2015. Schaeffersresearch.com‘s article titled: “Options Volume Soars as Golar LNG Limited (USA) (GLNG) Plunges” and published on April 29, 2016 is yet another important article.

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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