Breaking News Instant updates and real-time market news.

GLNG

Golar LNG

$12.41

0.005 (0.04%)

08:58
11/26/19
11/26
08:58
11/26/19
08:58

Golar LNG reports Q3 operating revenue $98.7M, consensus $104.75M

Iain Ross, CEO, Golar LNG, said: "Further progress has been made this quarter toward the Company's goal of being the leading independent developer of long-term LNG infrastructure. Significant progress has been made on execution of the Company's downstream LNG distribution strategy and on strengthening the Company's financial position. Continued strong growth in LNG production around the world and associated lower pricing together with customer's increased focus on their ESG responsibility is also accelerating their appetite to switch from burning coal, fuel oil and diesel to cheaper and cleaner LNG. The recent award of Golar Power's second 25-year gas to power project supports our strategy to transform Golar into a world leading LNG infrastructure player delivering flexible energy solutions that provide much needed stability to an energy grid that has seen substantial renewable energy growth. The Barcarena 605MW PPA award underpins the development of a second hub terminal in Brazil. This project, together with progress on downstream distribution of LNG using spare FSRU capacity, transforms Golar Power from a single project company into a business with significant and demonstrable growth potential. This potential will be realized through the introduction of new and more efficient technology that can be integrated in a user-friendly way that makes it easier for customers to switch to LNG. This approach will also facilitate bespoke solutions for smaller customers allowing for demand aggregation, something larger LNG producers have paid little attention to. Increasing interest from oil majors and NOC's, appreciative of our low cost and flexible FLNG solutions and impressed by our flawless operational track record is also encouraging. Part monetization of a current contract and use of a shipyard able to offer more attractive payment terms provides the potential to lift additional FLNG projects. The proposed shipping spin-off in its planned form, has, disappointingly for the Board, not yet been completed. This is due to a misalignment between the founding parties of the proposed newco causing Golar to withdraw from the process. Golar remains committed to splitting the ships into a separate vehicle and is revising the mechanism that it will use to achieve this."

  • 26

    Nov

  • 04

    Dec

GLNG Golar LNG
$12.41

0.005 (0.04%)

09/24/19
RILY
09/24/19
NO CHANGE
Target $21
RILY
Buy
Golar LNG price target lowered to $21 from $30 at B. Riley FBR
B. Riley FBR analyst Liam Burke lowered his price target for Golar LNG Limited to $21 from $30 to reflect the current price of Golar LNG Partners (GMLP) partnership units as well as a lower value for the fleet assets due to continued challenges in the liquefied natural gas carrier spot rate market. The analyst, however, continues to recommend the purchase of Golar LNG Limited shares saying its portfolio of assets that position the company as a key provider of the global infrastructure to drive the increased worldwide penetration of LNG. He reiterates a Buy rating on the shares.
10/02/19
DBAB
10/02/19
NO CHANGE
DBAB
Buy
Golar LNG shake-up shouldn't impact shipping spin, says Deutsche Bank
While the timing of the management shake-up at Golar LNG may surprise some, as the company is pretty far down the road towards spinning off its liquefied natural gas shipping fleet, it is important to note that CFO Graham Robjohns will stay on until April 2020 and the shipping spin is expected to be completed by the end of 2019, Deutsche Bank analyst Chris Snyder tells investors in a research note. As such, the analyst does not think the shake-up has negative implications for the shipping spin. He keeps a Buy rating on Golar LNG shares.
10/11/19
RILY
10/11/19
NO CHANGE
Target $21
RILY
Buy
Golar LNG fleet assets may benefit from higher spot rates, says B. Riley FBR
While rising spot rates will not help Golar LNG Limited's Q3 results, a "significant increase" in spot rates during Q4 could increase the value of the company's carrier fleet assets, B. Riley FBR analyst Liam Burke tells investors in a research note. Further, with a planned divestiture of the fleet by year-end 2019, the analyst believes the post-spin company will have lower net debt with strong free cash flow and an asset base with higher returns on investment potential. He continues to recommend the purchase of Golar LNG shares with a Buy rating and $21 price target. Burke points out that while his target represents a significant premium to the current share price, he sees even additional upside from future liquefied natural gas distribution activities in Brazil, the FLNG Gimi project in 2022, the floating storage and regasification units conversion and sale of Golar Viking, which he notes are not reflected in his price target.
10/29/19
SBSH
10/29/19
DOWNGRADE
SBSH
Neutral
Golar LNG downgraded to Neutral from Buy at Citi
Citi analyst Christian Wetherbee downgraded Golar LNG to Neutral from Buy. Following a recent rally in liquefied natural gas shipping stocks, the analyst is becoming more selective. There is risk to the LNG bull case, and project growth may slow as the market matures, Wetherbee tells investors in a research note. He believes Golar's growth prospects appear appropriately valued.

TODAY'S FREE FLY STORIES

MRK

Merck

$88.96

-0.12 (-0.13%)

06:47
12/12/19
12/12
06:47
12/12/19
06:47
Hot Stocks
Merck: KEYTRUDA showed improvements in OS in Phase 3 KEYNOTE-042 trial »

Merck announced that…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 12

    Dec

  • 17

    Dec

  • 24

    Jan

  • 24

    Jan

  • 05

    Feb

  • 14

    Mar

CG

Carlyle Group

$30.19

0.69 (2.34%)

, APO

Apollo Global

$44.97

0.67 (1.51%)

06:47
12/12/19
12/12
06:47
12/12/19
06:47
Downgrade
Carlyle Group, Apollo Global, Ares Management rating change  »

Carlyle Group downgraded…

CG

Carlyle Group

$30.19

0.69 (2.34%)

APO

Apollo Global

$44.97

0.67 (1.51%)

ARES

Ares Management

$33.56

0.01 (0.03%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Feb

JCI

Johnson Controls

$42.71

0.62 (1.47%)

06:47
12/12/19
12/12
06:47
12/12/19
06:47
Initiation
Johnson Controls initiated  »

Johnson Controls…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

APO

Apollo Global

$44.97

0.67 (1.51%)

06:46
12/12/19
12/12
06:46
12/12/19
06:46
Downgrade
Apollo Global rating change  »

Apollo Global downgraded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Feb

FDX

FedEx

$159.05

2.07 (1.32%)

06:44
12/12/19
12/12
06:44
12/12/19
06:44
Upgrade
FedEx rating change  »

FedEx upgraded to Neutral…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 17

    Dec

IR

Ingersoll-Rand

$132.95

1.77 (1.35%)

06:42
12/12/19
12/12
06:42
12/12/19
06:42
Initiation
Ingersoll-Rand initiated  »

Ingersoll-Rand initiated…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ASMB

Assembly Biosciences

$17.75

0.15 (0.85%)

06:42
12/12/19
12/12
06:42
12/12/19
06:42
Syndicate
Assembly Biosciences 5.152M share Spot Secondary priced at $16.50 »

Jefferies and SVB Leerink…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 12

    Dec

LL

Lumber Liquidators

$9.49

-0.04 (-0.42%)

06:41
12/12/19
12/12
06:41
12/12/19
06:41
Earnings
Lumber Liquidators backs FY19 revenue growth view of flat to slightly positive »

Consensus $1.09B. Sees…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

IIVI

II-VI

$30.41

1.05 (3.58%)

06:41
12/12/19
12/12
06:41
12/12/19
06:41
Initiation
II-VI initiated  »

II-VI initiated with a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

LITE

Lumentum

$69.87

0.97 (1.41%)

06:40
12/12/19
12/12
06:40
12/12/19
06:40
Initiation
Lumentum initiated  »

Lumentum initiated with a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

HON

Honeywell

$176.09

2.1 (1.21%)

06:39
12/12/19
12/12
06:39
12/12/19
06:39
Initiation
Honeywell initiated  »

Honeywell initiated with…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

HD

Home Depot

$211.96

-3.88 (-1.80%)

06:39
12/12/19
12/12
06:39
12/12/19
06:39
Downgrade
Home Depot rating change  »

With 'mixed…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Feb

ETN

Eaton

$93.38

0.69 (0.74%)

06:35
12/12/19
12/12
06:35
12/12/19
06:35
Initiation
Eaton initiated  »

Eaton initiated with a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

WAL

Western Alliance

$54.03

-0.15 (-0.28%)

06:35
12/12/19
12/12
06:35
12/12/19
06:35
Conference/Events
Western Alliance management to meet with UBS »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 12

    Dec

PLCE

Children's Place

$54.36

-16.31 (-23.08%)

06:35
12/12/19
12/12
06:35
12/12/19
06:35
Downgrade
Children's Place rating change  »

Children's Place…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

NSC

Norfolk Southern

$191.07

2.43 (1.29%)

06:34
12/12/19
12/12
06:34
12/12/19
06:34
Conference/Events
Norfolk Southern management to meet with UBS »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 12

    Dec

EMR

Emerson

$75.75

1.21 (1.62%)

06:33
12/12/19
12/12
06:33
12/12/19
06:33
Initiation
Emerson initiated  »

Emerson initiated with a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

VERU

Veru

$2.47

0.17 (7.39%)

06:33
12/12/19
12/12
06:33
12/12/19
06:33
Earnings
Veru reports Q4 EPS (5c), consensus (5c) »

Reports Q4 revenue $8.7M,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 12

    Dec

TRKNY

Turk Telekom

$0.00

(0.00%)

06:31
12/12/19
12/12
06:31
12/12/19
06:31
Downgrade
Turk Telekom rating change  »

Turk Telekom downgraded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

AKZOY

AkzoNobel

$0.00

(0.00%)

06:30
12/12/19
12/12
06:30
12/12/19
06:30
Upgrade
AkzoNobel rating change  »

AkzoNobel upgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

CGNX

Cognex

$52.45

1.51 (2.96%)

06:30
12/12/19
12/12
06:30
12/12/19
06:30
Initiation
Cognex initiated  »

Cognex initiated with a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

COLD

Americold Realty Trust

$35.03

-0.66 (-1.85%)

, INVH

Invitation Homes

$29.46

-0.42 (-1.41%)

06:29
12/12/19
12/12
06:29
12/12/19
06:29
Recommendations
Americold Realty Trust, Invitation Homes analyst commentary  »

Citi adds Americold…

COLD

Americold Realty Trust

$35.03

-0.66 (-1.85%)

INVH

Invitation Homes

$29.46

-0.42 (-1.41%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

WSG

Wanda Sports

$2.82

-0.01 (-0.35%)

06:28
12/12/19
12/12
06:28
12/12/19
06:28
Downgrade
Wanda Sports rating change  »

Wanda Sports downgraded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

GKOS

Glaukos

$57.32

-1.895 (-3.20%)

, SPNE

SeaSpine

$12.00

-0.58 (-4.61%)

06:27
12/12/19
12/12
06:27
12/12/19
06:27
Downgrade
Glaukos, SeaSpine, Merit Medical, Medtronic, Teleflex rating change  »

SeaSpine, Glaukos…

GKOS

Glaukos

$57.32

-1.895 (-3.20%)

SPNE

SeaSpine

$12.00

-0.58 (-4.61%)

MMSI

Merit Medical

$29.99

0.69 (2.35%)

MDT

Medtronic

$111.67

0.62 (0.56%)

TFX

Teleflex

$354.93

1.18 (0.33%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Feb

REG

Regency Centers

$62.65

-1.6 (-2.49%)

06:27
12/12/19
12/12
06:27
12/12/19
06:27
Downgrade
Regency Centers rating change  »

Regency Centers…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.