Zacks: Analysts Expect Golar LNG Limited (GLNG) to Announce -$0.13 Earnings Per Share

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Analysts predict that Golar LNG Limited (NASDAQ:GLNG) will post earnings of ($0.13) per share for the current quarter, according to Zacks. Four analysts have made estimates for Golar LNG’s earnings. The highest EPS estimate is $0.36 and the lowest is ($0.51). Golar LNG reported earnings per share of ($0.21) during the same quarter last year, which suggests a positive year over year growth rate of 38.1%. The company is expected to issue its next quarterly earnings report on Thursday, May 30th.

On average, analysts expect that Golar LNG will report full-year earnings of ($0.24) per share for the current year, with EPS estimates ranging from ($1.08) to $0.40. For the next financial year, analysts expect that the company will post earnings of $0.98 per share, with EPS estimates ranging from $0.19 to $1.62. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Golar LNG.

A number of equities analysts recently weighed in on GLNG shares. Zacks Investment Research downgraded shares of Golar LNG from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. Scotiabank assumed coverage on shares of Golar LNG in a research note on Friday, February 8th. They issued an “outperform” rating for the company. Cowen reaffirmed an “outperform” rating and issued a $30.00 price target (down from $41.00) on shares of Golar LNG in a research note on Monday, March 4th. BidaskClub downgraded shares of Golar LNG from a “hold” rating to a “sell” rating in a research note on Thursday, January 17th. Finally, ValuEngine downgraded shares of Golar LNG from a “hold” rating to a “sell” rating in a research note on Tuesday, February 5th. Two analysts have rated the stock with a sell rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $33.18.

NASDAQ GLNG traded down $0.15 during mid-day trading on Thursday, reaching $21.58. 804,055 shares of the stock were exchanged, compared to its average volume of 1,001,225. Golar LNG has a one year low of $20.10 and a one year high of $35.54. The company has a market capitalization of $2.20 billion, a PE ratio of -56.79 and a beta of 0.75. The company has a quick ratio of 0.62, a current ratio of 0.65 and a debt-to-equity ratio of 1.01.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Shareholders of record on Thursday, March 14th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Wednesday, March 13th. Golar LNG’s dividend payout ratio (DPR) is currently -157.89%.

A number of institutional investors and hedge funds have recently bought and sold shares of GLNG. Capital World Investors bought a new stake in Golar LNG in the third quarter valued at $85,780,000. BlueMountain Capital Management LLC increased its position in shares of Golar LNG by 33.0% during the third quarter. BlueMountain Capital Management LLC now owns 2,079,580 shares of the shipping company’s stock worth $57,812,000 after acquiring an additional 515,701 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of Golar LNG by 152.5% during the third quarter. Point72 Asset Management L.P. now owns 654,594 shares of the shipping company’s stock worth $18,198,000 after acquiring an additional 395,298 shares in the last quarter. Beaconlight Capital LLC increased its position in shares of Golar LNG by 107.1% during the fourth quarter. Beaconlight Capital LLC now owns 758,577 shares of the shipping company’s stock worth $16,507,000 after acquiring an additional 392,298 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Golar LNG during the third quarter worth about $10,608,000. 76.00% of the stock is owned by hedge funds and other institutional investors.

Golar LNG Company Profile

Golar LNG Limited, a midstream liquefied natural gas (LNG) company, engages in the transportation, regasification, and liquefaction of LNG. It operates through three segments: Vessel operations, Floating Liquefaction Natural Gas Vessel (FLNG), and Power. The company engages in the acquisition, ownership, operation, and chartering of LNG carriers and floating storage regasification units (FSRUs); and the development of LNG projects.

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Earnings History and Estimates for Golar LNG (NASDAQ:GLNG)

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