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Which LNG Carrier Company Ranks 2nd in Year-to-Date Returns?

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YTD performance

Behind GasLog Partners (GLOP), Golar LNG (GLNG) was the second-ranked stock on a YTD (year-to-date) basis among the LNG carrier companies. On March 26, 2018, Golar LNG stock has fallen 7.1% year-to-date. GasLog Partners returned ~-5.9% year-to-date. 

Golar LNG has outperformed the shipping ETF but underperformed the broad equity market indexes. Since December 31, 2017, the Guggenheim Shipping ETF (SEA) has fallen ~8.5%.

On March 26, 2018, the Dow Jones Industrial Average (DIA) fell ~2.3%, and the SPDR S&P 500 ETF (SPY) has fallen 0.66% during the same period.

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About Golar LNG

Golar LNG is an LNG shipping company with a fleet comprising 26 vessels. The company operates three type of vessels—LNG carriers, floating storage and regasification units, and floating liquefaction vessels.

Golar LNG provides its services to leading participants in the LNG industry such as Shell (RDS.A), Petrobras (PBR), Dubai Supply Authority, and Kuwait National Petroleum Company.

4Q17 results

Golar LNG reported an operating income of $2.8 million in 4Q17 compared to an operating loss of $22.9 million in 3Q17. Its EBITDA[1. earnings before interest, taxes, depreciation, and amortization] for 4Q17 was $19.4 million—up from $5.5 million in 3Q17.

Analysts’ recommendations

Of the 13 analysts covering Golar LNG, 92% are bullish. Eight analysts recommend a “strong buy” and four recommend a “buy.” Only one analyst recommends a “hold,” and there were no “strong sell” or “sell” ratings. In March 2017, 16 analysts were covering the stock. 

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