Golar Lng (NASDAQ: GLNG) is -7.80% 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 $39.89 in the last trading session, with the day’s loss setting it -0.87%.
Currently trading at $39.02, the stock is -1.65% and 4.76% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.34 million and changing -2.18% at the moment leaves the stock 3.82% off its SMA200. GLNG registered 48.42% gain for a year compared to 6-month loss of 2.41%.
The stock witnessed a 5.35% gain in the last 1 month and extending the period to 3 months gives it a -4.78%, and is 1.69% 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 3.87% over the week and 4.07% over the month.
Golar Lng (GLNG) has around 474 employees, a market worth around $4.08B and $260.37M in sales. Current P/E ratio is 36.79 and Fwd P/E is 38.60. Profit margin for the company is 19.09%. Distance from 52-week low is 54.05% and -12.04% 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 -8.22% this year
The shares outstanding are 104.50M, and float is at 86.79M with Short Float at 6.35%.
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.
