Golar Lng (NASDAQ: GLNG) is 6.83% higher on its value in year-to-date trading and has touched a low of $19.62 and a high of $25.06 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GLNG stock was last observed hovering at around $24.11 in the last trading session, with the day’s gains setting it 0.45%.
Currently trading at $24.56, the stock is 12.31% and 11.84% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.67 million and changing 1.87% at the moment leaves the stock 9.65% off its SMA200. GLNG registered 19.86% gain for a year compared to 6-month loss of 5.14%. The firm has a 50-day simple moving average (SMA 50) of $10.89 and a 200-day simple moving average (SMA200) of $21.27.
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The stock witnessed a 15.90% gain in the last 1 month and extending the period to 3 months gives it a 14.02%, and is 3.80% up 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 2.37% over the week and 2.71% over the month.
Golar Lng (GLNG) has around 490 employees, a market worth around $2.57B and $298.43M in sales. Fwd P/E is 13.20. Profit margin for the company is -15.68%. Distance from 52-week low is 25.18% and -2.00% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.59%).
Golar Lng quarterly earnings per share for the current quarter are estimated at $0.34 with sales reaching $79.19M over the same period.The EPS is expected to shrink by -32.79% this year, but quarterly earnings will post 21.00% year-over-year. Quarterly sales are estimated to shrink -2.40% in year-over-year returns.
302 institutions hold shares in Golar Lng (GLNG), with institutional investors hold 80.39% of the company’s shares. The shares outstanding are 104.60M, and float is at 97.81M with Short Float at 3.48%. Institutions hold 75.04% of the Float.
The top institutional shareholder in the company is Orbis Allan Gray Ltd with over 7.6 million shares valued at $153.36 million. The investor’s holdings represent 9.47% of the GLNG Shares outstanding. As of Jun 29, 2023, the second largest holder is Rubric Capital Management LP with 6.46 million shares valued at $130.23 million to account for 8.04% of the shares outstanding. The other top investors are Blackrock Inc. which holds 4.97 million shares representing 6.19% and valued at over $100.24 million, while Millennium Management Llc holds 5.35% of the shares totaling 4.3 million with a market value of $86.63 million.
