Golar LNG, the Energy sector company, was revisited by a Wall Street analyst today. Analyst Liam Burke from B.Riley Financial downgraded the rating on the stock to a Hold and gave it a $44.50 price target.
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Liam Burke’s rating is based on the current valuation of Golar LNG’s stock, which has surpassed the set price target of $44.50. Despite the company’s strong operational performance and its unique position as the sole provider of FLNG services, the stock’s current market price has led to a downgrade from a Buy to a Neutral rating.
Golar LNG’s future projects are expected to generate substantial cash flow, with a significant backlog of adjusted EBITDA. However, these potential earnings are already reflected in the current valuation, limiting the stock’s immediate upside potential. While the company has promising long-term agreements and projects in the pipeline, the lack of detailed information on future contracts makes it challenging to assess additional value beyond the current projections.
Burke covers the Industrials sector, focusing on stocks such as Tutor Perini, Orion Group Holdings, and Capital Clean Energy Carriers. According to TipRanks, Burke has an average return of 14.6% and a 51.49% success rate on recommended stocks.
In another report released on August 20, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $41.00 price target.