Golar LNG Limited (NASDAQ:GLNG – Get Free Report)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $51.07, but opened at $55.27. Golar LNG shares last traded at $52.7060, with a volume of 414,441 shares traded.
Key Headlines Impacting Golar LNG
Here are the key news stories impacting Golar LNG this week:
- Positive Sentiment: Second-quarter earnings beat expectations: Golar reported adjusted earnings of $0.68 per share, above the $0.55 consensus estimate and up from $0.26 a year earlier. Net income attributable to Golar rose 145% year over year to $38 million. Golar LNG Q2 Earnings and Revenues Beat Estimates
- Positive Sentiment: Operating performance strengthened substantially: Adjusted EBITDA surged 159% to $127.4 million, while operating revenue increased 72% to $130.5 million. The EBITDA improvement is the primary fundamental catalyst behind the stronger investor sentiment. Golar LNG Interim Results for June 30, 2026
- Positive Sentiment: Fourth FLNG project approved: Golar signed an EPC contract for a 3.5 million-ton-per-year floating LNG vessel, with delivery targeted for year-end 2029. Management says it could provide the earliest available FLNG capacity globally, potentially expanding long-term revenue and cash-flow opportunities. Golar LNG Orders Fourth FLNG Unit
- Positive Sentiment: Shareholder distribution announced: Golar declared a quarterly cash dividend of $0.25 per share, reinforcing its income appeal. Golar LNG Sets $0.25 Dividend
Wall Street Analyst Weigh In
GLNG has been the subject of a number of research analyst reports. BTIG Research restated a “buy” rating and set a $67.00 price objective on shares of Golar LNG in a report on Wednesday, May 20th. Wall Street Zen downgraded Golar LNG from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $65.00 price target on shares of Golar LNG in a research note on Thursday, May 21st. The Goldman Sachs Group set a $66.00 price objective on Golar LNG and gave the company a “conviction-buy” rating in a research note on Tuesday, July 7th. Finally, Weiss Ratings upgraded Golar LNG from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $58.70.
Golar LNG Price Performance
The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.57 and a current ratio of 2.57. The firm has a market cap of $5.23 billion, a price-to-earnings ratio of 37.45 and a beta of 0.05. The company’s fifty day moving average is $50.08 and its two-hundred day moving average is $49.71.
Golar LNG (NASDAQ:GLNG – Get Free Report) last released its quarterly earnings data on Thursday, March 26th. The shipping company reported $0.82 EPS for the quarter. The company had revenue of $137.55 million for the quarter. Golar LNG had a return on equity of 6.86% and a net margin of 30.10%. Equities research analysts forecast that Golar LNG Limited will post 0.72 EPS for the current year.
Golar LNG Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Monday, June 1st were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Monday, June 1st. Golar LNG’s dividend payout ratio (DPR) is presently 72.46%.
Hedge Funds Weigh In On Golar LNG
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd lifted its position in shares of Golar LNG by 278.2% during the third quarter. Caitong International Asset Management Co. Ltd now owns 658 shares of the shipping company’s stock worth $27,000 after purchasing an additional 484 shares in the last quarter. AdvisorNet Financial Inc lifted its holdings in Golar LNG by 108.5% in the 1st quarter. AdvisorNet Financial Inc now owns 515 shares of the shipping company’s stock worth $28,000 after buying an additional 268 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in Golar LNG in the 4th quarter worth $44,000. EverSource Wealth Advisors LLC boosted its position in Golar LNG by 94.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,356 shares of the shipping company’s stock valued at $56,000 after buying an additional 657 shares during the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of Golar LNG during the fourth quarter valued at about $65,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.
Golar LNG Company Profile
Golar LNG Ltd. is a leading owner and operator of liquefied natural gas (LNG) carriers and floating infrastructure. The company specializes in the transportation of LNG on long-term and spot charters for major energy firms around the world. In addition to shipping, Golar LNG has broadened its services to include project development and the conversion of existing carriers into Floating Liquefied Natural Gas (FLNG) and Floating Storage and Regasification Unit (FSRU) vessels.
Since pioneering the first purpose-built FLNG conversion project, Golar LNG has been at the forefront of offshore gas monetization.
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