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Golar LNG Limited (GLNG) Stock Rating Reaffirmed by Cowen and Company

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19 July, 2017

The company has market cap of $29.48 million. TIAA CREF Investment Management LLC owned approximately 0.32% of Golar LNG Limited worth $8,800,000 at the end of the most recent quarter. FMR LLC now owns 10,103,929 shares of the shipping company's stock worth $282,203,000 after buying an additional 97,466 shares during the last quarter.

Other institutional investors have also added to or reduced their stakes in the company. The stock of Golar LNG Partners LP (NASDAQ:GMLP) earned "Buy" rating by Danske Bank on Tuesday, September 22. More interesting news about Golar LNG Limited (USA) (NASDAQ:GLNG) were released by: Fool.com and their article: "Here's Why Golar LNG Partners LP Outperformed Its LNG Peers Last Month" published on January 11, 2017 as well as Seekingalpha.com's news article titled: "LNG Shipping - Key Trends In US Exports To Asia" with publication date: January 25, 2017. Winslow Evans & Crocker Inc. increased its position in shares of Golar LNG Partners by 46.1% in the first quarter. Finally, Stifel Nicolaus restated a "hold" rating and issued a $23.00 target price on shares of Golar LNG Partners in a research note on Friday. Honkamp Krueger Financial Services Inc. purchased a new position in shares of Golar LNG Partners during the first quarter worth approximately $201,000. They now have a $45.00 price objective on the shipping company's stock. Clearbridge Investments LLC now owns 1,533,549 shares of the shipping company's stock valued at $34,259,000 after buying an additional 345,000 shares during the period. ValuEngine downgraded Golar LNG Partners from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 3rd. The stock of Capstone Turbine Corporation (NASDAQ:CPST) has "Buy" rating given on Thursday, March 24 by Rodman & Renshaw. Cowen and Company reissued an "outperform" rating and set a $45.00 target price on shares of Golar LNG Limited in a research report on Friday, June 23rd. Institutional investors own 77.30% of the company's stock. Jefferies Group LLC restated a "buy" rating and issued a $26.00 target price on shares of Golar LNG Partners in a research note on Monday, June 12th.

Golar LNG Partners (NASDAQ GMLP) opened at 21.30 on Wednesday. Zacks Investment Research cut shares of Golar LNG Limited from a "buy" rating to a "hold" rating in a report on Thursday, February 23rd. The company has a 50 day moving average of $20.23 and a 200 day moving average of $22.15. Golar LNG Partners LP has a 1-year low of $17.62 and a 1-year high of $25.82.

Golar LNG Limited (USA) (NASDAQ:GLNG) has risen 61.34% since July 17, 2016 and is uptrending. The shipping company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by $0.11. The company had revenue of $101.39 million during the quarter, compared to the consensus estimate of $100.79 million.

Among 10 analysts covering Golar LNG Limited (NASDAQ:GLNG), 7 have Buy rating, 0 Sell and 3 Hold.

Among 5 analysts covering Abeona Therapeutics (NASDAQ:ABEO), 5 have Buy rating, 0 Sell and 0 Hold. Equities research analysts expect that Golar LNG Partners LP will post $2.49 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This news story was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of United States & global copyright and trademark legislation. State Street Corp now owns 1,583,895 shares of the shipping company's stock worth $36,339,000 after buying an additional 159,581 shares during the last quarter. The correct version of this story can be viewed at https://sportsperspectives.com/2017/07/18/golar-lng-limited-glng-stake-held-by-spirit-of-america-management-corp-ny.html.

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Golar LNG Limited is a midstream liquefied natural gas (LNG) company engaged primarily in the transportation, regasification, liquefaction and trading of LNG.


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