Look For Institutional Buying In Golar Lng (NASDAQ: GLNG)

Golar Lng (GLNG) concluded trading on Thursday at a closing price of $20.29, with 4.04 million shares of worth about $82.01 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -7.10% during that period and on Thursday the price saw a loss of about -4.34%. Currently the company’s common shares owned by public are about 107.23M shares, out of which, 97.81M shares are available for trading.

However, the stock later moved at a day high price of 21.76, or with a loss of -4.34%. Stock saw a price change of -5.54% in past 5 days and over the past one month there was a price change of -10.06%. Year-to-date (YTD), GLNG shares are showing a performance of -11.74% which decreased to -11.13% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $19.62 but also hit the highest price of $25.06 during that period. The average intraday trading volume for Golar Lng shares is 945.76K. The stock is currently trading -5.26% below its 20-day simple moving average (SMA20), while that difference is down -8.42% for SMA50 and it goes to -9.29% lower than SMA200.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Golar Lng (NASDAQ: GLNG) currently have 107.23M outstanding shares and institutions hold larger chunk of about 77.97% of that.

The stock has a current market capitalization of $2.13B and its 3Y-monthly beta is at 0.60. It has Quick Ratio of 1.95 while making debt-to-equity ratio of 0.55. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GLNG, volatility over the week remained 3.22% while standing at 2.35% over the month.

Analysts are in expectations that Golar Lng (GLNG) stock would likely to be making an EPS of $0.47 in the current quarter, while forecast for next quarter EPS is $0.36 and it is $1.85 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.32 which is $0.53 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.64 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 22.02% while it is estimated to increase by 3.53% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on September 25, 2023 offering a Neutral rating for the stock and assigned a target price of $27 to it. On September 29, 2022, BofA Securities Upgrade their recommendations, while on April 27, 2022, Jefferies Resumed their ratings for the stock with a price target of $27. Stock get a Neutral rating from BofA Securities on March 03, 2022.

Most Popular

Related Posts