B. Riley Brokers Decrease Earnings Estimates for Golar LNG

Golar LNG Limited (NASDAQ:GLNG) – Equities research analysts at B. Riley cut their FY2026 EPS estimates for shares of Golar LNG in a research report issued to clients and investors on Thursday, August 14th. B. Riley analyst L. Burke now forecasts that the shipping company will post earnings per share of $0.91 for the year, down from their prior estimate of $1.03. The consensus estimate for Golar LNG’s current full-year earnings is $1.39 per share.

Golar LNG (NASDAQ:GLNG) last posted its quarterly earnings results on Thursday, August 14th. The shipping company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). The business had revenue of $75.67 million for the quarter, compared to analysts’ expectations of $79.37 million. Golar LNG had a positive return on equity of 6.25% and a negative net margin of 2.83%.

Several other research firms have also weighed in on GLNG. Wall Street Zen raised shares of Golar LNG from a “sell” rating to a “hold” rating in a report on Saturday. Dnb Nor Markets raised shares of Golar LNG from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 22nd. DNB Markets raised shares of Golar LNG from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Tuesday, April 22nd. Finally, BTIG Research reaffirmed a “buy” rating on shares of Golar LNG in a report on Wednesday, May 28th. One analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $53.00.

Golar LNG Price Performance

NASDAQ:GLNG opened at $40.41 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of -577.20 and a beta of 0.56. The company has a 50 day moving average price of $41.14 and a 200-day moving average price of $39.34. Golar LNG has a 1-year low of $29.56 and a 1-year high of $44.36.

Institutional Investors Weigh In On Golar LNG

A number of large investors have recently modified their holdings of GLNG. Naria Inc. acquired a new position in shares of Golar LNG during the 4th quarter valued at about $435,226,000. Millennium Management LLC boosted its position in shares of Golar LNG by 49.2% during the 4th quarter. Millennium Management LLC now owns 4,638,045 shares of the shipping company’s stock valued at $196,282,000 after acquiring an additional 1,529,884 shares during the last quarter. Encompass Capital Advisors LLC acquired a new position in shares of Golar LNG during the 4th quarter valued at about $55,413,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of Golar LNG during the 1st quarter valued at about $44,682,000. Finally, Nuveen LLC acquired a new position in shares of Golar LNG during the 1st quarter valued at about $33,975,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Golar LNG Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Saturday, January 1st will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.5%. Golar LNG’s dividend payout ratio is presently 3,333.33%.

About Golar LNG

Golar LNG Limited designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels or projects; transportation of LNG carriers; and vessel management activities.