Golar Lng (NASDAQ: GLNG) has a higher price-to-earnings ratio of 35.60x compared to its average ratio. GLNG has 36-month beta value of 0.59. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 8 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for GLNG is 93.22M, and currently, short sellers hold a 5.54% ratio of that float. The average trading volume of GLNG on November 08, 2024 was 1.12M shares.
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GLNG) stock’s latest price update
Golar Lng (NASDAQ: GLNG)’s stock price has dropped by -2.78 in relation to previous closing price of 38.83. Nevertheless, the company has seen a gain of 5.07% in its stock price over the last five trading days. globenewswire.com reported 2024-10-21 that Golar LNG’s 3rd Quarter 2024 results will be released before the NASDAQ opens on Tuesday, November 12, 2024. In connection with this a webcast presentation will be held at 1:00 P.M (London Time) on Tuesday November 12, 2024. The presentation will be available to download from the Investor Relations section at www.golarlng.com
GLNG’s Market Performance
Golar Lng (GLNG) has experienced a 5.07% rise in stock performance for the past week, with a -0.89% drop in the past month, and a 12.59% rise in the past quarter. The volatility ratio for the week is 3.19%, and the volatility levels for the past 30 days are at 2.54% for GLNG. The simple moving average for the last 20 days is 0.98% for GLNG’s stock, with a simple moving average of 28.54% for the last 200 days.
Analysts’ Opinion of GLNG
Many brokerage firms have already submitted their reports for GLNG stocks, with Citigroup repeating the rating for GLNG by listing it as a “Neutral.” The predicted price for GLNG in the upcoming period, according to Citigroup is $27 based on the research report published on September 25, 2023 of the previous year 2023.
BofA Securities gave a rating of “Buy” to GLNG, setting the target price at $29 in the report published on September 29th of the previous year.
GLNG Trading at 5.21% from the 50-Day Moving Average
After a stumble in the market that brought GLNG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.19% of loss for the given period.
Volatility was left at 2.54%, however, over the last 30 days, the volatility rate increased by 3.19%, as shares sank -2.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.54% upper at present.
During the last 5 trading sessions, GLNG rose by +5.23%, which changed the moving average for the period of 200-days by +69.17% in comparison to the 20-day moving average, which settled at $37.39. In addition, Golar Lng saw 64.20% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for GLNG
Current profitability levels for the company are sitting at:
- 0.75 for the present operating margin
- 0.42 for the gross margin
The net margin for Golar Lng stands at 0.51. The total capital return value is set at 0.06. Equity return is now at value 6.74, with 3.50 for asset returns.
Based on Golar Lng (GLNG), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 0.56. The interest coverage ratio of the stock is -212.0.
Currently, EBITDA for the company is 132.5 million with net debt to EBITDA at 3.47. When we switch over and look at the enterprise to sales, we see a ratio of 16.51. The receivables turnover for the company is 7.3for trailing twelve months and the total asset turnover is 0.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.24.
Conclusion
To put it simply, Golar Lng (GLNG) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
