Jefferies Says Golar LNG Limited Story Remains Intact Despite Below-Expectations 3Q13 EPS
In a report published Friday, Jefferies analyst Douglas J. Mavrinac reiterated a Buy rating and $46.00 price target on Golar LNG Limited (NASDAQ: GLNG).
In the report, Jefferies noted, “[Wednesday] morning, Golar reported adjusted 3Q13 EPS of $0.03 which was below both Street consensus of $0.04 and our estimate of $0.05 primarily due to much lower than expected revenue earned during the quarter as both Gimi and Golar Viking experienced prolonged periods of offhire and commercial waiting time.”
Golar LNG Limited closed on Wednesday at $36.21.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.