Dahlman Rose Upgrades Golar LNG Ltd. (GLNG) to Buy; Recent Share Weakness a Liquefied Natural Gas Opportunity
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Price: $52.00 -0.27%
Rating Summary:
17 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
17 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Dahlman Rose upgraded Golar LNG Ltd. (NASDAQ: GLNG) from Hold to Buy with a price target of $50.00.
Dahlman analyst says, "We upgrade Golar shares to Buy following its recent underperformance, as the outlook for the LNG market remains robust. GLNG is well positioned to capitalize on strong LNG market fundamentals GLNG is in a position to take advantage of positive LNG market fundamentals. Management has demonstrated its ability to secure lucrative long-term charters at attractive rates, and it has significant open capacity with two LNG carriers rolling off contract by mid-2012 and seven newbuildings delivering in 2013-14, along with two newbuilding FSRUs delivering in 2013-2014."
For an analyst ratings summary and ratings history on Golar LNG Ltd. click here. For more ratings news on Golar LNG Ltd. click here.
Shares of Golar LNG Ltd. closed at $39.65 yesterday.
Dahlman analyst says, "We upgrade Golar shares to Buy following its recent underperformance, as the outlook for the LNG market remains robust. GLNG is well positioned to capitalize on strong LNG market fundamentals GLNG is in a position to take advantage of positive LNG market fundamentals. Management has demonstrated its ability to secure lucrative long-term charters at attractive rates, and it has significant open capacity with two LNG carriers rolling off contract by mid-2012 and seven newbuildings delivering in 2013-14, along with two newbuilding FSRUs delivering in 2013-2014."
For an analyst ratings summary and ratings history on Golar LNG Ltd. click here. For more ratings news on Golar LNG Ltd. click here.
Shares of Golar LNG Ltd. closed at $39.65 yesterday.
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