Steinberg Asset Management LLC Has Cut Its Position in Golar Lng LTD Bermuda (GLNG) by $6.57 Million as Share Price Declined

April 24, 2018 - By Kurt Siggers

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Steinberg Asset Management Llc decreased its stake in Golar Lng Ltd Bermuda (GLNG) by 10.59% based on its latest 2017Q4 regulatory filing with the SEC. Steinberg Asset Management Llc sold 226,687 shares as the company’s stock declined 7.01% with the market. The hedge fund held 1.91 million shares of the marine transportation company at the end of 2017Q4, valued at $57.05M, down from 2.14M at the end of the previous reported quarter. Steinberg Asset Management Llc who had been investing in Golar Lng Ltd Bermuda for a number of months, seems to be less bullish one the $3.22 billion market cap company. The stock increased 0.30% or $0.095 during the last trading session, reaching $31.835. About 282,550 shares traded. Golar LNG Limited (NASDAQ:GLNG) has risen 1.30% since April 24, 2017 and is uptrending. It has underperformed by 10.25% the S&P500.

Analysts await Golar LNG Limited (NASDAQ:GLNG) to report earnings on May, 30. They expect $-0.20 earnings per share, up 51.22 % or $0.21 from last year’s $-0.41 per share. After $-0.11 actual earnings per share reported by Golar LNG Limited for the previous quarter, Wall Street now forecasts 81.82 % negative EPS growth.

Golar LNG Limited (NASDAQ:GLNG) Ratings Coverage

Among 4 analysts covering Golar LNG Limited (NASDAQ:GLNG), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Golar LNG Limited had 6 analyst reports since November 30, 2017 according to SRatingsIntel. Morgan Stanley maintained Golar LNG Limited (NASDAQ:GLNG) on Monday, February 12 with “Equal-Weight” rating. The company was initiated on Monday, December 18 by Jefferies. The stock of Golar LNG Limited (NASDAQ:GLNG) earned “Buy” rating by Stifel Nicolaus on Thursday, April 19. The company was maintained on Tuesday, December 12 by Cowen & Co. The firm has “Buy” rating by Cowen & Co given on Thursday, November 30. Jefferies maintained Golar LNG Limited (NASDAQ:GLNG) on Friday, January 26 with “Buy” rating.

Golar LNG Limited (NASDAQ:GLNG) Ratings Chart

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