Currently, there are 104.40M common shares owned by the public and among those 93.20M shares have been available to trade.
The company’s stock has a 5-day price change of 0.00% and 11.66% over the past three months. GLNG shares are trading -3.83% year to date (YTD), with the 12-month market performance up to 93.63% higher. It has a 12-month low price of $19.94 and touched a high of $44.36 over the same period. GLNG has an average intraday trading volume of 1.29 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.37%, -2.24%, and 16.08% respectively.
Institutional ownership of Golar Lng (NASDAQ: GLNG) shares accounts for 74.67% of the company’s 104.40M shares outstanding.
It has a market capitalization of $4.26B and a beta (3y monthly) value of 0.76. The stock’s trailing 12-month PE ratio is 38.38, while the earnings-per-share (ttm) stands at $1.06. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.54% over the week and 3.02% over the month.
Analysts forecast that Golar Lng (GLNG) will achieve an EPS of 0.36 for the current quarter, 0.26 for the next quarter and 1.56 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.21 while analysts give the company a high EPS estimate of 0.21. Comparatively, EPS for the current quarter was 0.93 a year ago. Earnings per share for the fiscal year are expected to decrease by -51.35%, and 20.91% over the next financial year. EPS should shrink at an annualized rate of -28.30% over the next five years, compared to 28.18% over the past 5-year period.
Looking at the support for the GLNG, a number of firms have released research notes about the stock. Citigroup stated their Neutral rating for the stock in a research note on September 25, 2023, with the firm’s price target at $27. BofA Securities was of a view on September 29, 2022 that the stock is Buy, while Jefferies gave the stock Buy rating on April 27, 2022, issuing a price target of $27. BofA Securities on their part issued Neutral rating on March 03, 2022.
