Analysts Expect a Rise of Over 100% in Golar LNG’s 1Q18 Revenue


Apr. 19 2018, Updated 7:31 a.m. ET

Target price

The consensus 12-month target price for Golar LNG (GLNG) is $36.14, which implies a potential return of 26.3% compared to its price of $28.6 on April 17, 2018.

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Analysts’ ratings

According to Reuters, the consensus rating for Golar LNG is 1.46, which means a “strong buy” on a scale of one (strong buy) to five (strong sell). LNG (UNG) carrier Höegh LNG Partners (HMLP) has a consensus rating of 1.38. Dynagas LNG Partners (DLNG) and GasLog (GLOG) have consensus ratings of 2.29 and 2, respectively.

Analysts’ recommendations

Thirteen analysts have provided recommendations for Golar LNG. Of these, 92% of analysts are bullish on the stock. Eight analysts have given the stock “strong buy” recommendations, and four have given it “buy” recommendations. One analyst (8%) has given it a “hold” recommendation. No analysts recommended “strong sells” or “sells” on the stock.

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Revenue and earnings estimates

Analysts expect Golar LNG’s 1Q18 revenue to be $70.6 million, a 22.7% rise quarter-over-quarter and more than a 100% rise over its revenue of $25.1 million in 1Q16. For 2Q18, analysts expect Golar LNG’s revenue to rise further to $88.3 million.

The company’s 2018 revenue is expected to be $375 million—more than a 100% rise compared to $143 million in 2017. In 2019, its revenue is expected to be $478 million.

Since Golar LNG’s revenue is expected to rise, its EBITDA (earnings before interest, tax, depreciation, and amortization) is also expected to rise. Analysts expect Golar LNG’s 1Q18 EBITDA to be $29.7 million compared to $4.3 million in the previous quarter. The 2018 and 2019 EBITDA estimates for Golar LNG are $197 million and $286 million, respectively, compared to $6.2 million in 2017.


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