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Goldman Sachs Remains a Buy on Golar LNG (GLNG)

Tipranks - Tipranks - Wed Mar 25, 8:08AM CDT

In a report released yesterday, John Mackay from Goldman Sachs maintained a Buy rating on Golar LNG, with a price target of $60.00. The company’s shares closed yesterday at $52.80.

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According to TipRanks, Mackay is a 5-star analyst with an average return of 22.3% and a 69.85% success rate. Mackay covers the Energy sector, focusing on stocks such as LandBridge Company LLC Class A, Venture Global, Inc. Class A, and Cheniere Energy.

Golar LNG has an analyst consensus of Moderate Buy, with a price target consensus of $57.00, representing a 7.95% upside. In a report released today, TipRanks – Google also upgraded the stock to a Buy with a $60.00 price target.

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Based on Golar LNG’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $132.81 million and a net profit of $10.36 million. In comparison, last year the company earned a revenue of $65.92 million and had a net profit of $3.35 million

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