Golar LNG Minor model adjustments
We have updated our estimates following the Q4 report. The company continued to progress its project pipeline, with the Gimi Commercial Operations Date (target Q2 2025), Argentina FID (target Q2 2025) and contract opportunities for MK II. As we await further news flow and the Gimi operational start-up, we have made only minor changes to our estimates reflecting the Q4 results, commodity price movements and other minor model adjustments. We do not consider these changes to be material, and we have not changed our HOLD recommendation. We have lowered our target price from USD44 to USD42.Golar LNG is a midstream liquefied natural gas (LNG) company based in Bermuda. Co. is engaged in the transportation, regasification, liquefaction and trading of LNG. Through its subsidiaries and affiliates, Co. is engaged in the acquisition, ownership, operation and chartering of LNG carriers and floating storage regasification units (FSRUs), and the development of liquefaction projects such as Floating Liquefaction Natural Gas Vessels. Co. owns and operates a fleet of 19 LNG carriers and seven FSRUs, and under management agreements operates Golar LNG Partner LP's fleet of six FSRUs and four LNG carriers.
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
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