Streetbeat News

GLNG

Golar LNG Limited

https://www.golarlng.com

Industry

Oil & Gas Midstream

Golar LNG Limited designs, builds, owns, and operates marine infrastructure for the liquefaction and regasification of LNG. It operates through Shipping and FLNG segments. The company engages in the operation and chartering of LNG carriers, Floating Liquefaction Natural Gas Vessel (FLNG), and floating storage regasification units (FSRUs), as well as operates external vessels. As of December 31, 2021, it operated nine LNG carriers, one FSRU, and three FLNGs. The company was founded in 1946 and is headquartered in Hamilton, Bermuda.

Open

38.37

Mkt cap

4B

Volume

1.1M

High

38.53

P/E Ratio

28.76

52-wk high

39.40

Low

37.28

Div yield

0.03

52-wk low

19.94

Traders are circulating an unconfirmed rumor that Perenco is in talks to acquire Golar LNG. This speculation could impact Golar LNG's stock price as investors react to the potential acquisition news.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 3:59 pm

Golar LNG Limited has successfully priced $300 million in senior unsecured bonds in the Nordic bond market, maturing in September 2029 with a 7.75% interest rate. The proceeds will be used for capital expenditure, debt refinancing, and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 8:05 pm

Golar LNG Limited is planning investor meetings for a potential 5-year bond issue, with proceeds aimed at capital expenditure, debt refinancing, and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 7:13 am

Stifel analyst Benjamin Nolan maintains a Buy rating on Golar LNG (NASDAQ:GLNG) but lowers the price target from $55 to $53.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 12:57 pm

Deutsche Bank analyst Chris Robertson maintains a Buy rating on Golar LNG (NASDAQ:GLNG) and raises the price target from $43 to $56.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 11:27 am

Golar LNG (NASDAQ:GLNG) reported Q2 sales of $64.689 million, missing the analyst consensus estimate of $75.016 million by 13.77%. This represents a 16.56% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 10:51 am

Golar LNG Ltd. and BP have agreed on a commercial reset for the Greater Tortue-Ahmeyim LNG Project, simplifying cash flows and settling disputes. The agreement includes an updated payment schedule and step-up mechanisms based on project milestones.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 10:30 am

Shares of oil and gas stocks are trading lower despite Middle East tensions, likely due to weak US economic data impacting demand outlook.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 5:50 pm

B. Riley Securities has maintained a Buy rating on Golar LNG (NASDAQ:GLNG) and raised the price target from $35.5 to $44.5.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:22 pm

Golar LNG Limited (NASDAQ:GLNG) shares are up 6.54% after the company announced a 20-year agreement with Pan American Energy to deploy a floating liquefied natural gas vessel in Argentina. The project aims to leverage Argentina's vast gas reserves and is expected to commence LNG exports by 2027.

Portfolio Pulse from Nabaparna Bhattacharya

July 05, 2024 | 4:21 pm

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