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Last $46.80 USD
Change Today -0.115 / -0.25%
Volume 1.6M
As of 7:40 PM 06/30/15 All times are local (Market data is delayed by at least 15 minutes).

golar lng ltd (GLNG) Snapshot

Open
$47.36
Previous Close
$46.92
Day High
$47.74
Day Low
$46.51
52 Week High
09/19/14 - $74.44
52 Week Low
01/30/15 - $27.72
Market Cap
4.4B
Average Volume 10 Days
1.6M
EPS TTM
$-0.34
Shares Outstanding
93.3M
EX-Date
06/10/15
P/E TM
--
Dividend
$1.80
Dividend Yield
3.85%
Current Stock Chart for GOLAR LNG LTD (GLNG)

golar lng ltd (GLNG) Related Businessweek News

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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 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.

Golar LNG Ltd. Announces Earnings Results for the First Quarter Ended March 31, 2015; Declares Cash Dividend for First Quarter of 2015, Payable on or About June 26, 2015; Provides Earnings Guidance for the Second Quarter and Third Quarter of 2015

Golar LNG Ltd. announced earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total operating losses (excluding gain on disposals) of $30,735,000, negative underlying EBITDA of $4,281,000 and net income of $24,567,000. The company generated a net profit, driven predominantly by a provisional $100 million gain on sale of the Golar Eskimo which completed on January 20. This offset a poor operating result and significant non-cash financial costs linked to mark to market valuation of interest rate and TRS swaps. The company's net cash provided by operating activities mainly as a result of the operations and the utilization of the vessels. The board has decided to maintain the dividend at $0.45 per share for first quarter of 2015. The company does not expect further material growth in the dividend ahead of an upturn in the shipping market or until the floating LNG liquefaction units become free cash generative. The record date for the dividend will be June 12, 2015, ex-dividend date is June 10, 2015 and the dividend will be paid on or about June 26, 2015. The company provided earnings guidance for the second quarter and third quarter of 2015. In line with previous forecasts, the market for chartering of LNG shipping has remained weak for the first half of 2015. With close to 40 LNG Carriers currently idle it will take some time to see a full recovery.  Utilisation, underlying revenue net of voyage expenses and consequently operating results are expected to deteriorate further during second quarter however the company believes that the bottom of this challenging shipping market has been reached.  The first signs of an improved chartering environment, albeit from a very low base, are starting to become evident as new LNG production capacity is prepared for start-up and new markets for receiving LNG in Pakistan, Jordan and Egypt have started to receive their first cargoes. The company hope to see this manifest itself in a gradual improvement to utilisation, net revenue and operating results from third quarter onwards. Net income for second quarter will be materially influenced by mark to market of interest swaps and total return swaps on the Company's shares.  Based on interest rate curves and the Golar share price as of May 26th these items are expected to contribute positively to net income by approximately $50 million. The board is clearly not satisfied with the first quarter results or with the underlying results anticipated for second quarter linked to the poor spot market and the charter back of Golar Eskimo and Golar Grand.  With this in mind, all alternatives to improve this weak performance are being contemplated ahead of the improvement expected for third quarter once the Eskimo charterback has terminated and the chartering market begins to recover.   Supporting the more positive sentiment for third quarter, Golar have, recently employed 7 of its idle ships on spot voyages commencing between June and July.

 

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GLNG Competitors

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Company Last Change
COSCO Pacific Ltd $10.52 HKD +0.08
GasLog Ltd $19.95 USD -0.20
Golar LNG Partners LP $24.67 USD -0.03
Qatar Gas Transport Co Ltd 22.22 QAR -0.08
Teekay Corp $42.82 USD +0.03
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Industry Analysis

GLNG

Industry Average

Valuation GLNG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 36.0x
Price/Book 2.0x
Price/Cash Flow 208.9x
TEV/Sales 17.8x
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