Dahlman Rose Reiterates Buy Rating, $50 PT on Golar LNG
In a company update published earlier today, Dahlman Rose & Company, LLC reiterated its Buy rating and $50.00 price target on Golar LNG Limited (NASDAQ: GLNG).
Dahlman Rose went on to state in the report that, “Golar has been awarded a 15-20 year FSRU contract off the coast of Chile, the country's first. The contract is with Gas Atacama and the project is due for start-up during 4Q15. We view this as quite favorable for Golar in that it enhances its drop-down capability into Golar LNG Partners.”'
Shares of Golar LNG were trading at $38.61 at the time of posting, up 3.46% from Thursday's market close.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.