Yahoo Finance

Stifel raised the firm’s price target on Golar LNG (GLNG) to $55 from $53 and keeps a Buy rating on the shares after Golar announced the acquisition of the remaining 8% of ownership in the Hilli from Seatrium and Black and Veatch for a consideration of $90.2M. The firm calls this “a solid deal for Golar,” which while “relatively small” was done at an “attractive price,” simplifies the balance sheet, enhances cash flows and is one that the firm view as “value accretive.”

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Read More on GLNG:

• Golar LNG acquires all outstanding minority interests in the FLNG Hilli

• Stifel sees contract win for Golar LNG on YPF, Shell deal

• Stifel says Argentina FLNG momentum should expedite signing of Golar contract

• Golar LNG Highlights 2024 Performance and Project Risks

• Golar LNG downgraded to Hold from Buy at Fearnley