Morgan Stanley (MS) Analysts Raise Price Target on Golar LNG Limited (GLNG) to $46.00
Friday, July 08, 2021 12:10 PM

Equities research analysts at Morgan Stanley (NYSE: MS) boosted their price target on shares of Golar LNG Limited (NASDAQ: GLNG) to $46.00 in a research note to investors on Friday.

Separately, analysts at Zacks Investment Research upgraded shares of Golar LNG Limited from an "underperform" rating to a "neutral" rating in a research note to investors on Tuesday, June 14th.

Shares of Golar LNG Limited traded up 4.43% during mid-day trading on Monday, hitting $39.64. Golar LNG Limited has a 52 week low of $9.42 and a 52 week high of $38.43. The stock's 50-day moving average is $32. and its 200-day moving average is $24.37. The company has a market cap of $3.163 billion and a price-to-earnings ratio of 129.12.

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. As of December 31, 2009, Golar Energy operated a fleet of eight LNG carriers and had a 50% interest in another LNG carrier. As of December 31, 2009, the Company leased eight LNG carriers under long-term financial leases; it owned three vessels, and had a 60% ownership interest in another LNG carrier, through a joint arrangement with the Chinese Petroleum Corporation. It has also chartered-in one vessel on a short-term charter.

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