Golar LNG (GLNG) Price Target Raised at Deutsche Bank

As 1 of the world’s largest autarkic owners and operators of offshore-based LNG infrastructure, Golar LNG Limited (NASDAQ:GLNG) designs, converts, owns, and operates marine infrastructure that turns earthy state into LNG.

On May 21, Deutsche Bank raised the firm’s terms people connected Golar LNG Limited (NASDAQ:GLNG) from $54 to $65, portion maintaining a ‘Buy’ standing connected the shares. The people boost, which reflects an upside of implicit 24% from the existent terms level, comes pursuing the company’s caller Q1 report.

Golar LNG Limited (NASDAQ:GLNG) reported its first-quarter results connected May 20. The institution grew its gross by 120% YoY to $137.5 million, portion its adjusted EBITDA of $106 cardinal was $15 cardinal higher than the erstwhile quarter.

Moreover, alongside the coagulated operational show astatine some Hilli and Gimi FLNG, Golar revealed that the operation of its MK II Fuji FLNG plus is progressing connected docket and wrong fund for transportation successful the past 4th of adjacent year.

Golar LNG Limited (NASDAQ:GLNG) besides declared a quarterly dividend of $0.25 per share. The dividend is payable connected May 29 to shareholders arsenic of the June 1 record.

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