Golar LNG Limited (NASDAQ: GLNG) is -7.68% lower on its value in year-to-date trading and has touched a low of $16.82 and a high of $30.66 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GLNG stock was last observed hovering at around $22.11 in the last trading session, with the day’s loss setting it -1.07% off its average median price target of $35.00 for the next 12 months. It is also 53.24% off the consensus price target high of $45.00 offered by 12 analysts, but current levels are 27.45% higher than the price target low of $29.00 for the same period.
Currently trading at $21.04, the stock is -7.17% and -7.69% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.29 million and changing -4.84% at the moment leaves the stock -13.51% off its SMA200. GLNG registered 17.61% gain for a year compared to 6-month loss of -22.33%.
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The stock witnessed a -11.63% gain in the last 1 month and extending the period to 3 months gives it a -13.70%, and is -7.15% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.23% over the week and 2.95% over the month.
Golar LNG Limited (GLNG) has around 1703 employees, a market worth around $2.28B and $267.70M in sales. Current P/E ratio is 2.59 and Fwd P/E is 7.91. Distance from 52-week low is 25.13% and -31.37% from its 52-week high. The company has generated returns on investments over the last 12 months (14.10%).
Golar LNG Limited (GLNG) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Golar LNG Limited (GLNG) is a “Buy”. 12 analysts offering their recommendations for the stock have an average rating of 1.40, where 0 rate it as a Hold and 0 think it is a “Overweight”. 12 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Golar LNG Limited is expected to release its quarterly report on 06/01/2023.The EPS is expected to grow by 671.10% this year
Golar LNG Limited (GLNG) Top Institutional Holders
The shares outstanding are 107.20M, and float is at 92.19M with Short Float at 2.16%.
Golar LNG Limited (GLNG): Who are the competitors?
The company’s main competitors (and peers) include Teekay Corporation (TK) that is trading 82.03% up over the past 12 months and Teekay Tankers Ltd. (TNK) that is 246.20% higher over the same period. Golden Ocean Group Limited (GOGL) is -14.96% down on the 1-year trading charts.