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Enter Symbol:
 
Golar Lng (GLNG) [hlAlert]

Rating:
Outperform
GLNG
down 6.30 %

Golar Lng (GLNG) rated Outperform by Wells Fargo

Posted on: Wednesday,  Oct 24, 2012  9:25 AM ET by Wells Fargo

Wells Fargo rated Outperform Golar Lng (NASDAQ: GLNG) on 10/24/2012, when the stock price was $38.85. Since
then, Golar Lng has lost 6.31% as of 01/27/2016's recent price of $36.40.
If you would have followed this Wells Fargo's recommendation on GLNG, you would have lost 6.3% of your investment in 1190 days.

Golar LNG Limited (Golar) is an independent owner and operator of liquid natural gas (LNG) carriers (or vessels). The Company has fleet of 12 LNG vessels, of which one was delivered in January 2006 and one in June 2006. Golar is engaged in the acquisition, ownership, operation and chartering of LNG carriers through its subsidiaries. The Company operates 11 of its vessels through wholly owned subsidiaries and it has a 60% interest in the owning company of a vessel, the Golar Mazo. Six of the Company’s LNG carriers are contracted under long-term charters, three LNG carriers are contracted under short-term charters and three vessels are in medium term, five-year market related charter contracts with Shell. In November 2006 the Company acquired 20% interest in OLT Offshore Toscana S.p.A.

The investment research content is provided by Wells Capital Management, a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A. Our economists’ expertise on domestic markets, and national and global trends, is an important resource to the firm. Wells Capital Management economists are known for their thoughts on investment strategy, macro-economic forecasts and other top-down analysis, and share their views on bonds, midcaps and liquidity management in their publications.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/24/2012 9:25 AM Buy
None
38.85
as of 12/31/2012
1 Week up  0.49 %
1 Month down  -5.88 %
3 Months down  -5.32 %
1 YTD down  -5.32 %

(*) Stock Price at the time of the recommendation.
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