Golar LNG upgraded by BofA Securities with a new price target
$GLNG
Marine Transportation
Consumer Discretionary
BofA Securities upgraded Golar LNG from Neutral to Buy and set a new price target of $29.00 from $23.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/25/2023 | $27.00 | Neutral | Citigroup |
| 8/16/2023 | Outperform → Peer Perform | Wolfe Research | |
| 9/29/2022 | $23.00 → $29.00 | Neutral → Buy | BofA Securities |
| 4/27/2022 | $27.00 | Buy | Jefferies |
| 3/3/2022 | $14.00 → $19.50 | Underperform → Neutral | BofA Securities |
| 2/24/2022 | $18.00 → $22.00 | Buy | Jefferies |
Golar LNG's 3rd Quarter 2024 results will be released before the NASDAQ opens on Tuesday, November 12, 2024. In connection with this a webcast presentation will be held at 1:00 P.M (London Time) on Tuesday November 12, 2024. The presentation will be available to download from the Investor Relations section at www.golarlng.com We recommend that participants join the conference call via the listen-only live webcast link provided. Sell-side analysts interested in raising a question during the Q&A session that will immediately follow the presentation should access the event via the conference call by clicking on this link. We recommend connecting 10 minutes prior to the call start. Information
Golar LNG Limited ("Golar" or "the Company") announces today that it has signed an Engineering, Procurement and Construction ("EPC") agreement with CIMC Raffles ("CIMC") for a MK II Floating LNG Production ("FLNG") vessel with an annual liquefaction capacity of 3.5 million tons of LNG per annum ("MTPA"). Under the agreement with CIMC, Black & Veatch will provide its licensed PRICO® technology, perform detailed engineering and process design, specify and procure topside equipment and provide commissioning support for the FLNG topsides and liquefaction process, similar to Black & Veatch's role in the construction of Golar's existing assets, the FLNG Hilli and FLNG Gimi. The Golar MK II design
Golar LNG Limited (the "Company") has today successfully priced USD 300 million in senior unsecured bonds in the Nordic bond market. The bonds will mature in September 2029 and bear interest at 7.75% per annum. Net proceeds from the bond issue will be applied towards capital expenditure, refinancing of debt and general corporate purposes. An application will be made for the bonds to be listed on the Oslo Stock Exchange. DNB Markets and Pareto Securities acted as Global Coordinators and Joint Bookrunners, and Clarksons Securities and Fearnley Securities as Joint Bookrunners in the bond issue. About Golar Golar LNG is a NASDAQ listed maritime LNG infrastructure company. Through its 75-yea
SC 13G/A - GOLAR LNG LTD (0001207179) (Subject)
SC 13G - GOLAR LNG LTD (0001207179) (Subject)
SC 13G/A - GOLAR LNG LTD (0001207179) (Subject)
Citigroup resumed coverage of Golar LNG with a rating of Neutral and set a new price target of $27.00
Wolfe Research downgraded Golar LNG from Outperform to Peer Perform
BofA Securities upgraded Golar LNG from Neutral to Buy and set a new price target of $29.00 from $23.00 previously
B. Riley Securities analyst Liam Burke maintains Golar LNG (NASDAQ:GLNG) with a Buy and raises the price target from $35.5 to $44.5.
As of July 12, 2024, two stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list of major overbought players in this sector. Greenfire Resources Ltd (NYSE:GFR) On July 10, Greenfire Resources announced redemption of $61 mil
Golar LNG Limited (NASDAQ:GLNG) shares are trading higher after the company entered into definitive agreements with Pan American Energy to deploy a floating liquefied natural gas vessel in Argentina for 20 years. The FLNG project aims to capitalize on Argentina’s abundant gas reserves from the Vaca Muerta shale formation in the Neuquina Basin, which holds the world’s second-largest shale gas resources. Golar’s CEO, Mr. Karl Fredrik Staubo, said, “We are excited to enter a partnership with Pan American Energy, one of the leading energy companies in Latin America.” Check This Out: BYD Faces Scrutiny In Thailand Over Pricing Issues: Report The project plans to utilize Golar’s FLNG H
6-K - GOLAR LNG LTD (0001207179) (Filer)
6-K - GOLAR LNG LTD (0001207179) (Filer)
6-K - GOLAR LNG LTD (0001207179) (Filer)
January 13, 2021 – Golar LNG Limited (Nasdaq: GLNG) (“GLNG”) today announced that it and Stonepeak Infrastructure Fund II Cayman (G) Ltd., a fund managed by Stonepeak Infrastructure Partners (“Stonepeak”) have entered into a definitive agreement and plan of merger to sell 100% of Hygo Energy Transition Ltd. (“Hygo”) to New Fortress Energy Inc. (Nasdaq: NFE) (“NFE”). Hygo, a gas to power and downstream LNG distribution company, is owned 50% by each of GLNG and by funds and other entities managed by Stonepeak. Under the terms of the merger agreement, NFE will acquire all of the outstanding shares of Hygo for 31.4 million shares of NFE Class A common stock and $580 million in cash. The transa
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (Nasdaq: NFE) (“NFE”) today announced that it has entered into definitive agreements to acquire Hygo Energy Transition Ltd. (“Hygo”), a 50-50 joint venture between Golar LNG Limited (Nasdaq: GLNG) (“GLNG”) and Stonepeak Infrastructure Fund II Cayman (G) Ltd., a fund managed by Stonepeak Infrastructure Partners (“Stonepeak”), and Golar LNG Partners, LP (Nasdaq: GMLP) (“GMLP”). “With a strong presence in Brazil and a world-class LNG shipping business, Hygo and GMLP are excellent additions to our efforts to accelerate the world’s energy transition,” said Wes Edens, Chairman and CEO of NFE. “The addition of Hygo will quickly expand
Golar LNG's 3rd Quarter 2024 results will be released before the NASDAQ opens on Tuesday, November 12, 2024. In connection with this a webcast presentation will be held at 1:00 P.M (London Time) on Tuesday November 12, 2024. The presentation will be available to download from the Investor Relations section at www.golarlng.com We recommend that participants join the conference call via the listen-only live webcast link provided. Sell-side analysts interested in raising a question during the Q&A session that will immediately follow the presentation should access the event via the conference call by clicking on this link. We recommend connecting 10 minutes prior to the call start. Information
Reference is made to the second quarter 2024 report released on August 15, 2024. Golar LNG Limited ("Golar"), NASDAQ ticker: GLNG, has declared a total dividend of $0.25 per share to be paid on or around September 3, 2024. The record date will be August 26, 2024. Due to the implementation of the Central Securities Depository Regulation ("CSDR"), please note the information below on the payment date for the small number of Golar shares registered in Norway's central securities depository ("VPS"): Dividend amount: $0.25 per shareDeclared currency: USD. Dividends payable to shares registered in the VPS will be distributed in NOKLast day including right: August 22, 2024Ex-date: August 23, 2024
Highlights and subsequent events Golar LNG Limited ("Golar" or "the Company") signed an agreement for a 20-year FLNG deployment in Argentina. Strong progress on further FLNG opportunities.Golar and bp entered into commercial reset arrangements for FLNG Gimi for the pre-Commercial Operations Date ("Pre-COD") period, enabling refinancing at improved terms which is expected to release liquidity of up to $0.5 billion.Finalization of yard EPC and payment terms agreed in preparation for contracting of 3.5mtpa MKII FLNG.Golar reports Q2 2024 ("Q2" or "the quarter") Net income attributable to Golar of $26 million, and Adjusted EBITDA1 of $59 million.Adjusted EBITDA backlog1 of approximately $11 bi