Bank of America Securities analyst Chase Mulvehill maintained a Buy rating on Golar LNG (GLNG – Research Report) yesterday and set a price target of $29.00. The company’s shares closed yesterday at $22.86.
Mulvehill covers the Industrial Goods sector, focusing on stocks such as Baker Hughes Company, Chart Industries, and Enterprise Products Partners. According to TipRanks, Mulvehill has an average return of -3.2% and a 48.18% success rate on recommended stocks.
Golar LNG has an analyst consensus of Strong Buy, with a price target consensus of $32.33.
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The company has a one-year high of $30.66 and a one-year low of $14.07. Currently, Golar LNG has an average volume of 1.1M.
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Golar LNG Ltd. owns and operates liquefied natural gas carriers, floating storage, and regasification unit. It operates through the following segments: Vessel Operations, FLNG, and Power. The Vessel Operations segment operates and charter out vessels on fixed terms to customers. The FLNG segment provides integrated upstream and midstream solution for the development of gas reserves to LNG. The Power segment integrated LNG based downstream solutions, through the ownership and operation of FSRUs and associated terminal and power generation infrastructure. The company was founded on May 10, 2001 and is headquartered in Hamilton, Bermuda.
Read More on GLNG:
- Golar to acquire New Fortress Energy’s stake in FLNG Hilli
- Golar LNG Limited – Q4 2022 results presentation
- Unwind of majority of TTF hedges of 2023 and 2024 Dutch Title Transfer Facility exposure, locking in approximately $140 million of TTF linked EBITDA.
- Golar LNG unwinds majority of swap arrangements for Dutch TTF exposure
- Golar LNG Limited: Result of partial bond buy-back
