Golar LNG (NASDAQ:GLNG) Shares Up 4.7% - What's Next?

Golar LNG Limited (NASDAQ:GLNG - Get Free Report)'s stock price was up 4.7% during trading on Wednesday . The stock traded as high as $40.84 and last traded at $40.96. Approximately 352,272 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 1,456,558 shares. The stock had previously closed at $39.11.Analyst Ratings ChangesAre These Liquid Natural Gas Stocks Ready For An Upside Bounce?Several analysts have commented on GLNG shares. Fearnley Fonds raised shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. Dnb Nor Markets raised shares of Golar LNG from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. DNB Markets upgraded shares of Golar LNG from a "hold" rating to a "buy" rating and set a $48.00 price objective on the stock in a research note on Tuesday, April 22nd. Finally, Wall Street Zen raised shares of Golar LNG to a "sell" rating in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, five have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Golar LNG has a consensus rating of "Buy" and an average target price of $49.70.Check Out Our Latest Stock Analysis on Golar LNGGolar LNG Trading Up 4.7%The stock has a market capitalization of $4.28 billion, a PE ratio of 292.46 and a beta of 0.62. The stock's fifty day simple moving average is $38.03 and its 200-day simple moving average is $39.07. Golar LNG Dividend AnnouncementThe company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 11th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.44%. The ex-dividend date was Tuesday, March 11th. Golar LNG's dividend payout ratio is 208.33%. Institutional Inflows and OutflowsLarge investors have recently made changes to their positions in the stock. Hexagon Capital Partners LLC grew its position in shares of Golar LNG by 358.9% during the 1st quarter. Hexagon Capital Partners LLC now owns 647 shares of the shipping company's stock worth $25,000 after buying an additional 506 shares in the last quarter. Quarry LP acquired a new stake in shares of Golar LNG in the first quarter valued at $26,000. SVB Wealth LLC purchased a new stake in Golar LNG during the 1st quarter worth about $31,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Golar LNG during the 4th quarter worth approximately $107,000. Finally, Blue Trust Inc. grew its holdings in shares of Golar LNG by 116.8% in the 4th quarter. Blue Trust Inc. now owns 2,975 shares of the shipping company's stock worth $126,000 after acquiring an additional 1,603 shares during the period. 92.21% of the stock is owned by hedge funds and other institutional investors. Golar LNG Company Profile (Get Free Report)Golar LNG Limited designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels or projects; transportation of LNG carriers; and vessel management activities.Recommended StoriesFive stocks we like better than Golar LNGConsumer Discretionary Stocks ExplainedGameStop Buys Bitcoin: Smart Strategy or Big Mistake?Best ESG Stocks: 11 Best Stocks for ESG InvestingQualcomm Stock Turns South: 3 Entry Signals to Watch ForWhat Investors Need to Know About Upcoming IPOsTrump Orders Nuclear Overhaul: These 3 Stocks Stand to BenefitThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Golar LNG Right Now?Before you consider Golar LNG, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Golar LNG wasn't on the list.While Golar LNG currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here