Golar LNG price target raised to $50 from $45 at BTIG

BTIG raised the firm’s price target on Golar LNG (GLNG) to $50 from $45 and keeps a Buy rating on the shares. The company’s Q1 adjusted EBITDA missed estimates on higher operating costs, though Golar LNG made strides towards long-term employment for its three FLNGs – floating LNGs – following quarter-end, with the Gimi entering the last stages of commissioning, the analyst tells investors in a research note. Golar management is also in advanced commercial discussions with several operators for newbuilds with capacity of 2.5-5.0 mtpa, and noted that some operators are interested in an equity stake in a potential FLNG, the firm added.