Golar Lng (NASDAQ: GLNG) is -12.33% lower on its value in year-to-date trading and has touched a low of $23.96 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 $37.05 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $37.10, the stock is 2.63% and -3.36% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.68 million and changing 0.13% at the moment leaves the stock 0.88% off its SMA200. GLNG registered 53.75% gain for a year compared to 6-month loss of 0.92%. The firm has a 50-day simple moving average (SMA 50) of $38.3916 and a 200-day simple moving average (SMA200) of $36.77735.
The stock witnessed a 2.88% gain in the last 1 month and extending the period to 3 months gives it a -11.54%, and is -6.60% 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 3.92% over the week and 4.57% over the month.
Golar Lng (GLNG) has around 474 employees, a market worth around $3.88B and $260.37M in sales. Current P/E ratio is 34.98 and Fwd P/E is 34.42. Profit margin for the company is 19.09%. Distance from 52-week low is 54.84% and -16.37% from its 52-week high. The company has generated returns on investments over the last 12 months (1.68%).
with sales reaching $64.62M over the same period.The EPS is expected to shrink by -2.79% 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.
370.0 institutions hold shares in Golar Lng (GLNG), with institutional investors hold 91.36% of the company’s shares. The shares outstanding are 104.50M, and float is at 87.68M with Short Float at 4.44%. Institutions hold 86.27% 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 5.0237 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.
