Golar LNG price target raised to $36 from $30 at BTIG

BTIG raised the firm’s price target on Golar LNG to $36 from $30 and keeps a Buy rating on the shares. The analyst says lower commodity prices were a drag on Hilli’s margins in Q1. However, Golar LNG continues to move forward with potential customers in contracting the Hilli and the Mark II for work in 2027, the analyst tells investors in a research note. The firm continues to expect these units to be deployed in West Africa but says the company’s opportunities in the Americas look to be continuing to build.