Earnings Call Announcement: Cool Company Ltd. will host its First Half 2024 Earnings call on August 29, 2024, at 8:00 A.M. New York time, with options for participants to join via a live webcast or teleconference.
Company Overview: CoolCo focuses on LNG transportation, aiming for growth through new vessel acquisitions and emissions reduction initiatives, supported by its relationship with Eastern Pacific Shipping.
CLCO
$9.8+Infinity%1D
Analyst Views on CLCO
Wall Street analysts forecast CLCO stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CLCO is 9.65 USD with a low forecast of 9.65 USD and a high forecast of 9.65 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
Wall Street analysts forecast CLCO stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CLCO is 9.65 USD with a low forecast of 9.65 USD and a high forecast of 9.65 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
1 Hold
0 Sell
Hold
Current: 9.790
Low
9.65
Averages
9.65
High
9.65
Current: 9.790
Low
9.65
Averages
9.65
High
9.65
DNB Carnegie
Buy
to
Hold
downgrade
$96
2025-09-26
Reason
DNB Carnegie
Price Target
$96
2025-09-26
downgrade
Buy
to
Hold
Reason
DNB Carnegie downgraded Cool Company to Hold from Buy with a NOK 96 price target.
B. Riley
B. Riley
Buy -> Neutral
downgrade
2025-09-24
Reason
B. Riley
B. Riley
Price Target
2025-09-24
downgrade
Buy -> Neutral
Reason
B. Riley downgraded Cool Company to Neutral from Buy with a price target of $9.65, down from $11.50, after the company said it is in dvanced discussions regarding a potential transaction under which EPS Ventures would acquire all of the outstanding shares of CoolCo that are not already held by EPS in exchange for $9.65 in cash per common share.
Clarksons
Buy
to
Neutral
downgrade
$80
2025-08-29
Reason
Clarksons
Price Target
$80
2025-08-29
downgrade
Buy
to
Neutral
Reason
Clarksons downgraded Cool Company to Neutral from Buy with an NOK 80 price target. The firm views the shares as fairly valued.
B. Riley
Buy
downgrade
2025-05-27
Reason
B. Riley
Price Target
2025-05-27
downgrade
Buy
Reason
B. Riley lowered the firm's price target on Cool Company to $11.50 from $13.50 and keeps a Buy rating on the shares. Cool Company reported Q1 results that reflected a tough supply and demand dynamic that is expected to improve, the analyst tells investors in a research note. Although near-term sentiment remains low, B. Riley believes Cool will benefit from its strong long-term positioning and attractive assets in a favorable long-term global demand environment.
About CLCO
Cool Company Ltd. is a pure play liquefied natural gas (LNG) carrier with a fleet of over 13 vessels and a portfolio of short and longer-term charters with oil and gas, trading, and utility companies. Through its in-house LNG transportation and infrastructure management platform, it operates its own vessels and provides management services to third party owners. Its fleet consists of approximately nine tri-fuel diesel electric (TFDE) LNG carriers (LNGCs), namely the Kool Husky, Kool Crystal, Kool Frost, Kool Glacier, Kool Ice, Kool Kelvin, Kool Blizzard, Kool Boreas and Kool Baltic; two modern two-stroke namely the Kool Orca and the Kool Firn; and two newbuild two-stroke LNGCs namely the Kool Tiger and the GAIL Sagar. The Company manages LNGCs and floating storage and regasification units (FSRUs). It provides the services of its owned ships under time charters. Its customers are LNG producers, commodity traders, and gas companies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
