Golar Lng (NASDAQ: GLNG) is -11.93% lower on its value in year-to-date trading and has touched a low of $24.21 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 $33.39 in the last trading session, with the day’s gains setting it 3.88%.
Currently trading at $37.27, the stock is 2.38% and -0.56% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.74 million and changing 11.62% at the moment leaves the stock 0.91% off its SMA200. GLNG registered 46.62% gain for a year compared to 6-month loss of -2.43%. The firm has a 50-day simple moving average (SMA 50) of $37.4818 and a 200-day simple moving average (SMA200) of $36.93325.
The stock witnessed a 14.01% gain in the last 1 month and extending the period to 3 months gives it a -9.93%, and is 21.40% 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 11.45% over the week and 6.06% over the month.
Golar Lng (GLNG) has around 474 employees, a market worth around $3.90B and $260.37M in sales. Current P/E ratio is 35.14 and Fwd P/E is 34.58. Profit margin for the company is 19.09%. Distance from 52-week low is 53.94% and -15.98% from its 52-week high. The company has generated returns on investments over the last 12 months (1.68%).
The EPS is expected to shrink by -2.79% this year.
Golar Lng (GLNG) Top Institutional Holders
369.0 institutions hold shares in Golar Lng (GLNG), with institutional investors hold 91.34% of the company’s shares. The shares outstanding are 104.50M, and float is at 87.68M with Short Float at 6.48%. Institutions hold 86.26% 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.
Golar Lng (GLNG) Insider Activity
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