Market Overview

Morgan Stanley Updates Earnings Estimates For Golar LNG Limited

Share:
Related GLNG
Thursday's After-Hours Movers: GameStop, Deckers Outdoor And More
Tuesday's After-Hours Movers: Borderfree Jumps Up 100%, Zulily Drops 18%

In a report published Tuesday, Morgan Stanley analyst Fotis Giannakoulis reiterated an Overweight rating and $67.00 price target on Golar LNG Limited (NASDAQ: GLNG).

In the report, Morgan Stanley noted, “Significant upside as GLNG goes ahead with the FLNG conversions that could add $35-40/sh per unit. 5 potential FLNG projects (2 in WAf, 1 Canada, 1 Mexico, 1 US) under discussion of which 3 are more likely. Near-term weakness of the LNG shipping market already discounted, but long-term demand fundamentals remain robust as liquefaction capacity expansion accelerates after 2016. Additional upside from further FSRU contracts and LT shipping contracts. Sponsorship from the Fredriksen Group suggests dividend growth. GMLP provides low cost of capital.”

Golar LNG Limited closed on Monday at $58.95.

Latest Ratings for GLNG

DateFirmActionFromTo
May 2015JefferiesMaintainsHold
May 2015CitigroupMaintainsBuy
Mar 2015NordeaDowngradesBuyHold

View More Analyst Ratings for GLNG
View the Latest Analyst Ratings

Posted-In: Fotis Giannakoulis Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

Related Articles (GLNG)

Around the Web, We're Loving...