Golar Lng (GLNG) concluded trading on Thursday at a closing price of $38.84, with 2.39 million shares of worth about $92.98 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 53.09% during that period and on October 03, 2024 the price saw a loss of about -0.03%. Currently the company’s common shares owned by public are about 104.58M shares, out of which, 93.22M shares are available for trading.
Stock saw a price change of 9.13% in past 5 days and over the past one month there was a price change of 21.41%. Year-to-date (YTD), GLNG shares are showing a performance of 68.94% which increased to 68.28% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $19.94 but also hit the highest price of $38.99 during that period. The average intraday trading volume for Golar Lng shares is 1.31 million. The stock is currently trading 14.44% above its 20-day simple moving average (SMA20), while that difference is up 15.88% for SMA50 and it goes to 42.08% higher than SMA200.
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Golar Lng (NASDAQ: GLNG) currently have 104.58M outstanding shares and institutions hold larger chunk of about 72.99% of that.
The stock has a current market capitalization of $4.06B and its 3Y-monthly beta is at 0.56. PE ratio of stock for trailing 12 months is 36.62, while it has posted earnings per share of $1.06 in the same period. It has Quick Ratio of 1.24 while making debt-to-equity ratio of 0.57. 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 3.91% while standing at 2.92% over the month.
Analysts are in expectations that Golar Lng (GLNG) stock would likely to be making an EPS of 0.39 in the current quarter, while forecast for next quarter EPS is 0.42 and it is 1.94 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.3 which is 0.5 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 0.49 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -38.98% while it is estimated to increase by 27.77% 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.
