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Golar LNG Rose 9.7% in 2017: What Do Analysts Recommend?

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Stock performance

Golar LNG’s (GLNG) YTD (year-to-date) returns were nearly 9.72% as of December 8, 2017. Since December 30, 2017, Golar LNG has outperformed some of the other LNG (UNG) carrier companies like Hoegh LNG Partners (HMLP) and Dynagas LNG Partners (DLNG). They have fallen 8% and 26.2% YTD.

Recently, Golar LNG had a very good run. The stock price rose more than 20% in the last three months. During the same period, GasLog (GLOG) and Teekay LNG Partners (TGP) rose 11.5% and 5.01%, respectively. Golar LNG Partners (GMLP) fell 7.6% in the last three months.

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Analysts’ recommendations

Currently, 13 analysts give recommendations on Golar LNG. In December 2016, 18 analysts covered the stock. Of the analysts, 92% are bullish on Golar LNG—seven analysts gave a “strong buy” recommendation and five analysts gave a “buy” recommendation. Only one analyst gave a “hold” recommendation for Golar LNG. None of the analysts rated Golar LNG as a “strong sell” or “sell.” Since the beginning of 2017, only one analyst revised its recommendation on Golar LNG. In January 2017, Nordea downgraded the stock to “hold.”

Target price

On November 30, 2017, Cowen and Company reduced the target price of Golar LNG to $41 from $45 and maintained an “outperform” rating. The consensus 12-month target price for Golar LNG is $32.9. Compared to the market price of $25.17 as of December 8, 2017, the target price implies a potential upside of 30.8%.

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