Golar LNG Ltd (GLNG) Stock AnalysisGLNGGolar LNG Ltd

Golar LNG Limited designs, owns and operates marine infrastructure for the liquefaction of natural gas and the regasification, storage and offloading of liquefied natural gas (LNG). Its fleet consists of two floating liquefaction natural gas vessels (FLNGs). The Company’s segments include FLNG, Corporate and Other, and Shipping. The FLNG segment covers operations of FLNG vessels and projects. It converts LNG carriers into FLNG vessels or builds new ones and contracts them to customers. This segment includes vessels such as FLNG Hilli, FLNG Gimi, and MKII FLNG. The Shipping segment focuses on the operations of transportation of LNG carriers. The Corporate and Other segment includes administrative tasks and ship operation and maintenance services. It also provides FLNG commercial, operational and technical support, crew management services and supervision, corporate secretarial, accounting, and treasury services. It operates in Bermuda, the United Kingdom, Norway, Cameroon, and Croatia. It operates in the Industrials sector.

Golar LNG is a good buy right now, primarily due to its recent strong earnings report, which showed a significant EPS surprise of 126.67% with reported earnings of $0.68 compared to an estimate of $0.30. Additionally, the company has secured a $600 million credit facility to support its growth in the floating LNG sector, which is expected to enhance future profitability. The current price of $50.29 is well below the analyst price target of $70, indicating a potential upside of 38.5%.

14 analysts cover GLNG: 13 rate it Buy, 1 Hold and 0 Sell. The average price target is 55.00.