Fri Sep 20 09:14:51 UTC 2024: ## Golar LNG Stock Surges Despite Earnings Miss

**New York, NY -** Shares of Golar LNG Limited (GLNG) jumped in pre-market trading on Wednesday, opening at $34.13 after closing at $33.46 the previous day. The stock’s climb comes despite the company’s recent quarterly earnings report, which missed analyst expectations.

Golar LNG reported earnings per share of $0.42 for the quarter ending August 15th, falling short of the anticipated $0.44. Revenue also came in below estimates, reaching $62.98 million compared to the projected $67.38 million.

Despite the earnings miss, analysts remain optimistic about the company’s future prospects. A “Moderate Buy” consensus rating with a target price of $45.10 is reflected in recent research reports. Stifel Nicolaus, Deutsche Bank Aktiengesellschaft, BTIG Research, and B. Riley have all issued “buy” ratings for GLNG, while StockNews.com downgraded the stock to “sell.”

Golar LNG’s recent dividend announcement may also be contributing to the stock’s rise. The company declared a quarterly dividend of $0.25 per share, paid out on September 3rd.

The stock’s increase in price is likely fueled by a combination of factors, including strong analyst sentiment, recent dividend payments, and continued optimism about the future of the LNG market. However, it’s worth noting that the company’s recent earnings miss could pose a potential challenge going forward.

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