Golar Lng (NASDAQ: GLNG) is -19.99% lower on its value in year-to-date trading and has touched a low of $23.32 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 $32.69 in the last trading session, with the day’s gains setting it 1.17%.
Currently trading at $33.86, the stock is -7.66% and -14.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.1 million and changing 3.58% at the moment leaves the stock -6.07% off its SMA200. GLNG registered 45.70% gain for a year compared to 6-month gain of 8.63%. The firm has a 50-day simple moving average (SMA 50) of $39.4898 and a 200-day simple moving average (SMA200) of $36.04755.
The stock witnessed a -15.92% loss in the last 1 month and extending the period to 3 months gives it a -20.67%, and is 3.58% 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 4.77% over the week and 4.64% over the month.
Golar Lng (GLNG) has around 470 employees, a market worth around $3.54B and $260.37M in sales. Current P/E ratio is 31.93 and Fwd P/E is 29.75. Profit margin for the company is 19.09%. Distance from 52-week low is 45.20% and -23.67% 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.
Golar Lng (GLNG) Top Institutional Holders
371.0 institutions hold shares in Golar Lng (GLNG), with institutional investors hold 92.34% of the company’s shares. The shares outstanding are 104.50M, and float is at 87.64M with Short Float at 5.33%. Institutions hold 86.55% of the Float.
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) Insider Activity
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