Golar Lng (NASDAQ: GLNG) is -15.60% lower on its value in year-to-date trading and has touched a low of $20.38 and a high of $44.36 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 $36.06 in the last trading session, with the day’s loss setting it -0.34%.
Currently trading at $35.72, the stock is -9.70% and -12.39% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.49 million and changing -0.94% at the moment leaves the stock -0.33% off its SMA200. GLNG registered 71.90% gain for a year compared to 6-month gain of 7.30%.
The stock witnessed a -14.28% loss in the last 1 month and extending the period to 3 months gives it a -9.27%, and is -7.10% 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 5.48% over the week and 3.86% over the month.
Golar Lng (GLNG) has around 470 employees, a market worth around $3.74B and $260.37M in sales. Current P/E ratio is 33.68 and Fwd P/E is 31.39. Profit margin for the company is 19.09%. Distance from 52-week low is 75.27% and -19.48% from its 52-week high. The company has generated returns on investments over the last 12 months (1.69%).
The EPS is expected to grow by 1.88% this year
The shares outstanding are 104.50M, and float is at 93.14M with Short Float at 5.01%.
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 6.2837 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 4.7115 and valued at over $153.62 million, while DONALD SMITH & CO., INC. holds 3.132 of the shares totaling 3.26 million with a market value of $102.12 million.
Golar Lng (GLNG): Who are the competitors?
One of the company’s main competitors (and peers) include Teekay Corp. Ltd. (TK) that is trading -10.40% down over the past 12 months.Teekay Tankers Ltd. (TNK) lies in the list of competitors of the Golar Lng and is -31.57% lower over the same period from GLNGGolden Ocean Group Ltd. (GOGL) is -35.76% down on the 1-year trading charts.
