Golar LNG Ltd. (GLNG) PT Lowered to $52 at Jefferies

Jefferies analyst Douglas Mavrinac reiterated a Hold rating on Golar LNG Ltd. (NASDAQ: GLNG) while lowering his price target to $52.00 (from $57.00).

Mavrinac commented, "On Wednesday, Golar reported adjusted 3Q14 EPS of $0.00, excluding unrealized interest rate derivative losses and asset sale gains, which was better than both Street consensus of an EPS loss of $0.01 and our estimate of an EPS loss of $0.05 primarily due to better-than-expected charter rates earned during the quarter and lower-than-expected vessel opex, depreciation, and interest expenses incurred during the quarter."

The firm raised Q4 EPS from ($0.13) to $0.02, FY 2014 EPS from ($0.46) to ($0.23) and FY 2015 EPS from $0.25 to $0.34.

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 $49.45 yesterday.

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