The Company now owns these 500,000 shares outright as treasury shares and continues to hold TRS contracts for a further 3.0 million shares.
The price to earnings ratio abbreviated as P/E ratio determines the company's valuation by comparing existing market price, with its per-share earnings. Golar LNG Limited has a one year low of $9.42 and a one year high of $51.89. Bank of America has a Neutral rating on the shares.
In the previous year, Golar LNG Partners LP (NASDAQ: GMLP) paid out a total dividend of $2.295 per share, compared to $2.14 in the comparable period, a year ago. Shareholders of record on Thursday, December 10th were issued a $0.45 dividend.
Evercore ISI's Jonathan Chappell says the MoU with a blue-chip company such as SLB can be considered "proof of concept" for FLNG technology, as there are no FLNG assets in operation yet; Chappell, who has a Buy rating and $48 price target on GLNG, believes past skepticism about the effectiveness of FLNG technology should be alleviated. TheStreet downgraded Golar LNG Limited from a "hold" rating to a "sell" rating in a research note on Monday, December 28th. Simplex Trading raised its position in Golar LNG Limited by 36.1% in the fourth quarter. The ex-dividend date of this dividend was Tuesday, December 8th.
While analyzing the stock in technical terms, it is seen that the stock has a 50 Day Moving Average of 11.86 and is trading +4.72% of it. Also, from its 200-day average, it is trading -27.07% off that mark.
During the last several months other analysts have commented on the company rating. The higher price target estimate for the stock has been calculated at $11.00 while the lower price target estimate is at $2.00. Finally, Seaport Global Securities lowered their target price on shares of Golar LNG Limited from $55.00 to $50.00 in a research report on Friday, November 27th. The consensus price target is $85.75. Both have agreed to jointly market gas monetization solutions to owners, investors, and governments. As of December 31, 2009, it owned 73.8% of Golar Energy. Tipp Hill Capital Management raised its position in Golar LNG Limited by 15.1% in the fourth quarter. Top Company Interviews This is a ground breaking agreement that will provide resource holders with a completely integrated package both reducing risk and securing financing for gas projects. On January 23, 2012, the Company acquired a Moss type carrier, namely LNG Carrier Gandria.