Whereas Golar LNG’s (GLNG) stock price had fallen 6.0% YTD (year-to-date) as of March 21, 2018, it has outperformed some other LNG (liquefied natural gas) (UNG) carrier companies. Höegh LNG Partners (HMLP) and Dynagas LNG Partners (DLNG) have fallen 11.8% and 7.6% YTD, respectively, and Golar LNG Partners (GMLP) and GasLog (GLOG) have fallen 23.1% and 20.6%. In January 2018, Golar LNG hit a 52-week high of $31.64. The stock is currently trading 13.5% lower than its 52-week high and 41.5% higher than its 52-week low.
Of the 13 analysts covering Golar LNG, 92% are bullish, with eight analysts recommending “strong buy” and four recommending “buy.” Only one analyst has recommended “hold,” and there were no “strong sell” or “sell” ratings. In March 2017, 16 analysts were covering the stock.
Analysts have not revised their target prices or recommendations for Golar LNG in March. In February 2018, Cowen and Company raised its target price to $49 from $44 and maintained an “outperform” rating. Wells Fargo reduced its target price to $34 from $35, and Morgan Stanley raised its target price to $36 from $32. Analysts’ consensus 12-month target price for Golar LNG is $36.14, which implies an upside of 29.0% based on its March 21 market price of $28.01.