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Analysts Offer Insights on Energy Companies: Golar LNG (GLNG) and EQT (EQT)

Tipranks - Fri May 22, 7:56AM CDT

Companies in the Energy sector have received a lot of coverage today as analysts weigh in on Golar LNG (GLNG) and EQT (EQT).

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Golar LNG (GLNG)

B. Riley Securities analyst Liam Burke initiated coverage with a Hold rating on Golar LNG today and set a price target of $44.50. The company’s shares closed last Wednesday at $55.46.

According to TipRanks.com, Burke is a 5-star analyst with an average return of 17.4% and a 54.5% success rate. Burke covers the Industrial Goods sector, focusing on stocks such as Heidmar Maritime Holdings Corp., L. B. Foster Company, and Orion Group Holdings. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Golar LNG with a $56.13 average price target, which is a -0.9% downside from current levels. In a report released today, Pareto also downgraded the stock to Hold with a $55.00 price target.

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EQT (EQT)

BMO Capital analyst Phillip Jungwirth maintained a Buy rating on EQT today and set a price target of $70.00. The company’s shares closed last Wednesday at $57.83.

According to TipRanks.com, Jungwirth is a 5-star analyst with an average return of 8.9% and a 54.3% success rate. Jungwirth covers the NA sector, focusing on stocks such as Flowco Holdings Inc Class A, Weatherford International, and HF Sinclair Corporation. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for EQT with a $70.05 average price target, a 18.1% upside from current levels. In a report issued on May 19, Barclays also maintained a Buy rating on the stock with a $69.00 price target.

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