Home  »  Finance   »  Golar Lng (GLNG): A New Perspective...

Golar Lng (GLNG): A New Perspective

Golar Lng (NASDAQ:GLNG) concluded the trading at $21.29 Friday, February 09 with a fall of -0.75% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $21.45 and 5Y monthly beta was reading 0.60 . Considering stock’s 52-week price range provides that GLNG hit a high price of $25.06 and saw its price falling to a low level of $19.62 during that period. Over a period of past 1-month, stock came subtracting -7.52% in its value.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.
Sponsored

With its current market valuation of $2.23 billion, Golar Lng is set to declare its quarterly results on Feb 26, 2024 – Mar 01, 2024. GLNG Stock’s Forward Dividend of 1.00 and its yield of 4.70% are making investors’ thoughts stronger that it could climb further before the company announces its earnings for the current quarter. Analysts are in estimates of $0.47 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to $2.4 for 2023 with estimates of that growing to $1.9 in next year. These estimates are suggesting current year growth of 31.90% for EPS and -20.80% growth next year.

Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $79.18 million. They suggested that in the process company could generate revenue of as low as $61.83 million which could climb up to $110 million to hit a high. The average estimate is representing an increase of 33.90% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $315.08 million in 2023, which will be 17.70% more from revenue generated by the company last year.

In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review GLNG stock’s current outlook then short term indicators are assigning it an average of 100% Sell, while medium term indicators are categorizing the stock at an average of 100% Sell. Long term indicators are suggesting an average of 50% Sell for it.

Digging deeper we become aware of the PEG ratio of the GLNG stock which is currently positioned at 0. It further provides that stock’s current price level is -3.68% away from its 20-day simple moving average and is -3.78% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 38.78 while volatility remained at 1.84% over the past week which changes to 2.10% when measuring it over the past month. Beta is valued at 0.60, while measure of average true range or ATR is currently at 0.49.

In comparing Golar Lng (GLNG)’s stock with other industry players reveals that stock’s current price change of -0.75% and that of -9.17% over the past 12 months is in competing position with that of Teekay Corp. (TK) which saw its stock price fall by -0.86%% in the last trading and went through an increase of 56.31% in past 12-month trading. Industry’s another major player Teekay Tankers Ltd. (TNK) has fall -1.02%% down in previous session, but over the past year has faced a rise of 60.00%. Golden Ocean Group Ltd. (GOGL) was also up 0.91%% however its price remained floating in the green at 14.49% over the same period. Golar Lng has a P/E ratio of 0 against that of Teekay Corp.’s 5.18 while Teekay Tankers Ltd. is showing 3.62 for the same.

Having a second look at Golar Lng (NASDAQ:GLNG) provides that stock’s average daily trading volume for 3 months was 1.01 million, while it jumped to 1.21 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 107.23 million.

The percentage of outstanding shares held by the insiders is 6.67% while it is 84.95% for the institutional holders. The figures also indicate that as of Jan 12, 2024, number of stock’s short shares was 2.33 million which implies a short ratio of 2.58. This shows up a 2.23% of Short Interest in company’s outstanding shares on the day. In January the standing of shares short improved as it was 2.29 million in the previous month. Subtraction of -7.39% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.