Why Golar Lng (GLNG) Stock Could See Much Higher Prices Ahead

Golar Lng (NASDAQ: GLNG) is 69.46% higher on its value in year-to-date trading and has touched a low of $19.94 and a high of $39.10 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 $38.09 in the last trading session, with the day’s gains setting it 0.87%.

Currently trading at $38.96, the stock is 6.85% and 14.49% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.14 million and changing 2.28% at the moment leaves the stock 39.64% off its SMA200. GLNG registered 64.39% gain for a year compared to 6-month gain of 56.03%. The firm has a 50-day simple moving average (SMA 50) of $34.029 and a 200-day simple moving average (SMA200) of $27.9013.

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The stock witnessed a 23.92% loss in the last 1 month and extending the period to 3 months gives it a 12.08%, and is 0.52% 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 2.11% over the week and 2.86% over the month.

Golar Lng (GLNG) has around 470 employees, a market worth around $4.07B and $276.58M in sales. Current P/E ratio is 36.74 and Fwd P/E is 18.80. Profit margin for the company is 50.89%. Distance from 52-week low is 95.35% and -0.36% from its 52-week high. The company has generated returns on investments over the last 12 months (4.83%).

The EPS is expected to shrink by -39.22% this year.

Golar Lng (GLNG) Top Institutional Holders

The shares outstanding are 104.58M, and float is at 93.22M with Short Float at 4.71%.

The top institutional shareholder in the company is RUBRIC CAPITAL MANAGEMENT LP with over 6.54 million shares valued at $204.87 million. The investor’s holdings represent 6.2496% of the GLNG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 5.22 million shares valued at $163.79 million to account for 4.9964 of the shares outstanding. The other top investors are JEFFERIES FINANCIAL GROUP INC. which holds 4.9 million shares representing 4.686% and valued at over $153.62 million, while DONALD SMITH & CO., INC. holds 3.1151 of the shares totaling 3.26 million with a market value of $102.12 million.