Golar LNG Limited (NASDAQ:GLNG – Get Free Report) announced a quarterly dividend on Thursday, August 15th, Zacks reports. Shareholders of record on Monday, August 26th will be paid a dividend of 0.25 per share by the shipping company on Tuesday, September 3rd. This represents a $1.00 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Monday, August 26th.
Golar LNG has a dividend payout ratio of 48.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Golar LNG to earn $1.95 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 51.3%.
Golar LNG Stock Up 1.5 %
Shares of NASDAQ:GLNG opened at $32.84 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 31.28 and a beta of 0.64. The company has a 50 day moving average of $32.76 and a 200-day moving average of $27.30. Golar LNG has a one year low of $19.94 and a one year high of $36.52.
Analyst Upgrades and Downgrades
A number of research firms recently commented on GLNG. Deutsche Bank Aktiengesellschaft upped their price objective on Golar LNG from $43.00 to $56.00 and gave the company a “buy” rating in a report on Friday, August 16th. BTIG Research increased their price target on shares of Golar LNG from $36.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. StockNews.com lowered shares of Golar LNG from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. Stifel Nicolaus lowered their target price on shares of Golar LNG from $55.00 to $53.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Finally, B. Riley lifted their price target on shares of Golar LNG from $35.50 to $44.50 and gave the stock a “buy” rating in a research report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $45.10.
Check Out Our Latest Stock Report on GLNG
Golar LNG Company Profile
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.
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