Golar Lng (NASDAQ: GLNG) is -9.29% 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 $39.72 in the last trading session, with the day’s loss setting it -1.33%.
Currently trading at $38.39, the stock is -3.60% and 1.55% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.34 million and changing -3.35% at the moment leaves the stock 1.86% off its SMA200. GLNG registered 42.71% gain for a year compared to 6-month gain of 12.91%. The firm has a 50-day simple moving average (SMA 50) of $37.8032 and a 200-day simple moving average (SMA200) of $37.6879.
The stock witnessed a -1.21% loss in the last 1 month and extending the period to 3 months gives it a -6.00%, and is -3.76% 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 2.53% over the week and 3.81% over the month.
Golar Lng (GLNG) has around 474 employees, a market worth around $4.02B and $260.37M in sales. Current P/E ratio is 36.20 and Fwd P/E is 37.98. Profit margin for the company is 19.09%. Distance from 52-week low is 51.56% and -13.46% from its 52-week high. The company has generated returns on investments over the last 12 months (1.68%).
with sales reaching $66M over the same period.The EPS is expected to shrink by -8.22% this year, but quarterly earnings will post 59.27% year-over-year. Quarterly sales are estimated to grow 1.61% in year-over-year returns.
376.0 institutions hold shares in Golar Lng (GLNG), with institutional investors hold 94.24% of the company’s shares. The shares outstanding are 104.50M, and float is at 87.68M with Short Float at 6.28%. Institutions hold 88.99% 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.
