Last $61.68 USD
Change Today +0.49 / 0.80%
Volume 912.4K
GLNG On Other Exchanges
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As of 11:47 AM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

golar lng ltd (GLNG) Snapshot

Open
$60.99
Previous Close
$61.19
Day High
$62.55
Day Low
$60.56
52 Week High
07/25/14 - $62.55
52 Week Low
12/17/13 - $33.07
Market Cap
5.8B
Average Volume 10 Days
729.5K
EPS TTM
$0.78
Shares Outstanding
93.3M
EX-Date
06/4/14
P/E TM
78.8x
Dividend
$1.80
Dividend Yield
2.92%
Current Stock Chart for GOLAR LNG LTD (GLNG)

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golar lng ltd (GLNG) Details

Golar LNG Limited, a midstream liquefied natural gas (LNG) company, is engaged in the transportation, regasification and liquefaction, and trading of LNG. The company operates in two segments, Vessel Operations and Commodity Trading. It is involved in the acquisition, ownership, operation, and chartering of LNG carriers and floating storage regasification units (FSRU); and the development of LNG projects. The company owns and operates a fleet of seven LNG carriers. As of December 31, 2013, it operated Golar LNG Partner LP's fleet of eight LNG carriers and FSRUs. Golar LNG Limited was founded in 1946 and is headquartered in Hamilton, Bermuda.

26 Employees
Last Reported Date: 04/30/14
Founded in 1946

golar lng ltd (GLNG) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

golar lng ltd (GLNG) Key Developments

Golar Enters into Key Agreements for Maiden Floating Liquefaction Vessel

Golar LNG Limited announced that following a successful follow-on equity offering, it has executed and made effective key agreements for conversion of the 125,000 m LNG carrier Hilli to a floating liquefaction vessel. The primary contract for the FLNGV was entered into with Singapore's Keppel Shipyard Limited. Keppel has simultaneously entered into a sub-contract with global engineering, procurement and construction company Black & Veatch who will provide its licensed PRICO(R) technology, perform detailed engineering and process design, specify and procure topside equipment, and provide commissioning support for the FLNGV topsides and liquefaction process. Golar selected Black & Veatch's PRICO(R) technology for the liquefaction process because of its long-established record of reliable performance in global operations. The conversion has been approved in principle by DNV in accordance with their classification rules and international standards. The FLNGV conversion contract is a key step towards full implementation of Golar's floating LNG production strategy. The Company is excited to be working with such high caliber project partners as Keppel and Black & Veatch. Keppel's position in conversion of floating infrastructure coupled with Black & Veatch's deep LNG experience creates a strong project team with a solid record of delivering complicated projects on budget and on time. The conversion is scheduled to be completed in February 2017. Golar has also secured firm options for conversion of two additional vessels which can be delivered from the yard in the third quarter of 2017 and the first quarter of 2018. The conversion vessel Hilli will be delivered to Keppel shipyard in Singapore within 3 to 4 months to initiate renewal of key systems onboard the vessel while the topsides are manufactured. The FLNG production equipment will be mounted on two new sponsons which will be connected to the vessel. The company expects the FLNGV conversion to be completed and delivered in approximately 31 months, which Golar views as one of several strong competitive advantages. This will make it possible for the Company to offer a cost effective and reliable LNG production facility to its customers several years ahead of any potential competitors.

Golar LNG Ltd. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Second Quarter of 2014

Golar LNG Ltd. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported EBITDA of $33.1 million. Operating revenue at $21.0 million was up on fourth quarter 2013 operating revenue of $18.0 million. Positive contributions to first quarter revenue came from the Golar Arctic which provided a full quarter's earnings having been in drydock for part of the fourth quarter, the Golar Igloo which contributed to earnings in respect of its 27 day pre-dropdown operations and the Golar Seal which found voyage charters for part of the quarter as compared to no utilisation during the fourth quarter. Operating income was $75,937,000 compared to $75,937,000 a year ago. Income before taxes and equity in net earnings of affiliates was $9,263,000 compared to $82,360,000 a year ago. Net income was $12,991,000 compared to $85,564,000 a year ago. Net cash used in operating activities was $80,964,000 compared to net cash provided by operating activities of $16,907,000 a year ago. Additions to vessels and equipment amounted to $1,411,000. Additions to new buildings amounted to $196,608 compared to $167,797,000 a year ago. Based on the trading so far, the expects that the operating result for second quarter of 2014 to be in line or slightly better than first quarter numbers.

Golar LNG Ltd. to Hold the Dividend, Payable on or About June 27, 2014

Golar LNG Ltd. has decided to hold the dividend at 0.45 cents. The record date for the dividend will be June 6, ex-dividend date is June 4 and the dividend will be paid on or about June 27, 2014.

 

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Industry Analysis

GLNG

Industry Average

Valuation GLNG Industry Range
Price/Earnings 81.7x
Price/Sales 58.0x
Price/Book 2.8x
Price/Cash Flow 55.1x
TEV/Sales 56.0x
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