Phoenix Investment Adviser LLC Has Lowered Golar Lng LTD Bermuda (Call) (GLNG) Position as Stock Price Declined

April 17, 2018 - By Kristen Paramore

Golar LNG Limited (NASDAQ:GLNG) Logo

Phoenix Investment Adviser Llc decreased its stake in Golar Lng Ltd Bermuda (Call) (GLNG) by 98.78% based on its latest 2017Q4 regulatory filing with the SEC. Phoenix Investment Adviser Llc sold 44,450 shares as the company’s stock declined 7.01% with the market. The hedge fund held 550 shares of the marine transportation company at the end of 2017Q4, valued at $52,000, down from 45,000 at the end of the previous reported quarter. Phoenix Investment Adviser Llc who had been investing in Golar Lng Ltd Bermuda (Call) for a number of months, seems to be less bullish one the $2.93B market cap company. The stock increased 0.17% or $0.05 during the last trading session, reaching $28.94. About 185,879 shares traded. Golar LNG Limited (NASDAQ:GLNG) has risen 1.30% since April 17, 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 $-0.21 EPS, up 48.78 % or $0.20 from last year’s $-0.41 per share. After $-0.11 actual EPS reported by Golar LNG Limited for the previous quarter, Wall Street now forecasts 90.91 % 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 October 22, 2017 according to SRatingsIntel. On Thursday, November 30 the stock rating was maintained by Cowen & Co with “Buy”. Stifel Nicolaus maintained the shares of GLNG in report on Sunday, October 22 with “Buy” rating. The company was initiated on Monday, December 18 by Jefferies. The company was maintained on Monday, February 12 by Morgan Stanley. Cowen & Co maintained the stock with “Buy” rating in Tuesday, December 12 report. 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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