Golar Lng (NASDAQ: GLNG) is -19.57% lower on its value in year-to-date trading and has touched a low of $22.74 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 $32.00 in the last trading session, with the day’s gains setting it 2.04%.
Currently trading at $34.04, the stock is -8.99% and -14.55% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.47 million and changing 6.39% at the moment leaves the stock -5.40% off its SMA200. GLNG registered 60.34% gain for a year compared to 6-month gain of 9.45%.
The stock witnessed a -17.64% loss in the last 1 month and extending the period to 3 months gives it a -19.81%, and is -4.70% 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 6.20% over the week and 4.55% over the month.
Golar Lng (GLNG) has around 470 employees, a market worth around $3.56B and $260.37M in sales. Current P/E ratio is 32.10 and Fwd P/E is 29.91. Profit margin for the company is 19.09%. Distance from 52-week low is 49.69% and -23.26% from its 52-week high. The company has generated returns on investments over the last 12 months (1.69%).
with sales reaching $64.62M over the same period.The EPS is expected to grow by 1.88% this year, but quarterly earnings will post 62.59% year-over-year. Quarterly sales are estimated to shrink -0.52% in year-over-year returns.
The shares outstanding are 104.50M, and float is at 87.64M with Short Float at 5.33%.
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.
