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Last $42.99 USD
Change Today -0.48 / -1.10%
Volume 11.4K
GLNG On Other Exchanges
Symbol
Exchange
Frankfurt
As of 9:40 AM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

golar lng ltd (GLNG) Snapshot

Open
$43.35
Previous Close
$43.47
Day High
$43.35
Day Low
$42.97
52 Week High
09/19/14 - $74.44
52 Week Low
01/30/15 - $27.72
Market Cap
4.0B
Average Volume 10 Days
1.3M
EPS TTM
$-0.34
Shares Outstanding
93.3M
EX-Date
06/10/15
P/E TM
--
Dividend
$1.80
Dividend Yield
4.19%
Current Stock Chart for GOLAR LNG LTD (GLNG)

golar lng ltd (GLNG) Related Businessweek News

No Related Businessweek News Found

golar lng ltd (GLNG) Details

Golar LNG Limited, a midstream liquefied natural gas (LNG) company, engages in the transportation, regasification, liquefaction, and trading of LNG. The company operates in three segments: Vessel Operations, LNG Trading, and FLNG. It is involved in the acquisition, ownership, operation, and chartering of LNG carriers and floating storage regasification units (FSRUs); and the development of LNG projects. As of April 24, 2015, the company, together with the fleet held by Golar LNG Partner LP, owned and operated 25 vessels comprising 6 FSRUs and 19 LNG carriers. Golar LNG Limited was founded in 1946 and is headquartered in Hamilton, Bermuda.

30 Employees
Last Reported Date: 04/30/15
Founded in 1946

golar lng ltd (GLNG) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

golar lng ltd (GLNG) Key Developments

Golar LNG Limited Receives Financing Commitment for GoFLNG Hilli

Golar LNG Limited announced that it has received an underwritten financing commitment for its first GoFLNG project from CSSC (Hong Kong) Shipping Co. Ltd. in relation to a conversion financing and sale and leaseback transaction for the GoFLNG Hilli. The financing structure will fund up to 80% of the project cost and will be split into two phases. The first phase enables Golar to drawdown up to $700 million from the facility to fund the ongoing conversion cost, once Golar has spent $400 million of the estimated $1.2 billion conversion cost and the tolling contract with Perenco and SNH have been ratified by the Cameroon government, expected during third quarter of 2015. The company has spent approximately $385 million against the conversion project to date and hence expects that the equity threshold required to trigger the financing arrangement will be reached shortly. This financing means that following the Cameroon government ratification, no further Golar direct funding for the Hilli conversion will be required, with the remainder of the conversion project being financed through this new debt facility. The second phase is triggered upon the delivery of the converted GoFLNG Hilli from Keppel Shipyard and the satisfaction of certain additional performance milestones and will allow for the drawdown of up to a further $260 million giving an aggregate $960 million representing 80% of the project cost. The financing has a tenor of 10-years, a 15 year amortisation profile and contemplates the eventual sale of GoFLNG Hilli to Golar LNG Partners. The expected cost of the financing during the conversion period is 6.25%, while the long term financing is projected to cost less than 6% on a fully swapped ten year basis. Securing this financing is a further important step in realising Golar's Integrated LNG Mid-Stream Services Strategy. Apart from securing the Hilli programme, the financing will ultimately enable the release of Golar equity for application on other GoFLNG programmes.

Golar LNG Ltd. Presents at Jefferies 2015 Global Shipping Conference, Jun-17-2015

Golar LNG Ltd. Presents at Jefferies 2015 Global Shipping Conference, Jun-17-2015 . Venue: The Pierre Hotel, New York, New York, United States.

Golar LNG Ltd. and Stolt-Nielsen Limited to Jointly Explore Developments Within Small-Scale LNG Production and Distribution

Golar LNG Ltd. announced the formation of a 50/50 joint venture with Stolt-Nielsen Limited to pursue opportunities in small-scale LNG production and distribution. Stolt-Nielsen has also made a strategic investment in Golar through open market purchases, representing an ownership stake of approximately 2.3%. The joint venture between Golar and Stolt-Nielsen will draw upon the logistics and small-scale LNG assets controlled by Stolt-Nielsen and the ocean-based LNG midstream assets controlled by Golar to provide a fully integrated LNG logistics service to consumers of natural gas.

 

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GLNG Competitors

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Company Last Change
COSCO Pacific Ltd $10.12 HKD 0.00
GasLog Ltd $15.40 USD -0.10
Golar LNG Partners LP $21.90 USD -0.15
Qatar Gas Transport Co Ltd 22.10 QAR -0.20
Teekay Corp $35.94 USD -0.07
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Industry Analysis

GLNG

Industry Average

Valuation GLNG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 33.0x
Price/Book 1.8x
Price/Cash Flow 191.6x
TEV/Sales 14.8x
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