Golar Lng (GLNG) Stock Could Soon Reward Patient Investors

Golar Lng (NASDAQ: GLNG) is -10.52% lower on its value in year-to-date trading and has touched a low of $25.33 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 $38.37 in the last trading session, with the day’s loss setting it -0.5%.

Currently trading at $37.87, the stock is -3.54% and 2.21% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.59 million and changing -1.30% at the moment leaves the stock 0.97% off its SMA200. GLNG registered 47.81% gain for a year compared to 6-month loss of 3.87%.

The stock witnessed a 7.89% gain in the last 1 month and extending the period to 3 months gives it a -6.95%, and is -4.47% 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 3.76% over the week and 4.59% over the month.

Golar Lng (GLNG) has around 474 employees, a market worth around $3.96B and $260.37M in sales. Current P/E ratio is 35.71 and Fwd P/E is 35.52. Profit margin for the company is 19.09%. Distance from 52-week low is 49.51% and -14.63% 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 -8.12% this year.

Golar Lng (GLNG) Top Institutional Holders

The shares outstanding are 104.50M, and float is at 87.68M with Short Float at 6.28%.

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.