Golar Lng (NASDAQ: GLNG)’s stock price has plunge by 0.41relation to previous closing price of 41.84. Nevertheless, the company has seen a 1.42% surge in its stock price over the last five trading sessions. globenewswire.com reported 2024-12-24 that Golar LNG Limited (“Golar” or “the Company”) is pleased to announce that the company has acquired Seatrium’s and Black & Veatch’s minority ownership interests in the FLNG Hilli. The acquisitions comprise all third-party interests in the asset, including a total of 5.45% common units, 10.9% Series A shares and 10.9% Series B shares. The transaction is equivalent to ~8% of the full FLNG capacity. The total consideration for the acquisitions is $90.2 million, of which $59.9m is in equity and $30.3 million is a pro-rata share in the existing FLNG Hilli debt facility. The full economic interest of the increased ownership in FLNG Hilli will be effective from 1st of January 2025.
Is It Worth Investing in Golar Lng (NASDAQ: GLNG) Right Now?
Golar Lng (NASDAQ: GLNG) has a higher price-to-earnings ratio of 39.61x compared to its average ratio, The 36-month beta value for GLNG is at 0.58. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for GLNG is 93.22M, and currently, shorts hold a 3.32% of that float. The average trading volume for GLNG on December 26, 2024 was 1.34M shares.
GLNG’s Market Performance
GLNG stock saw an increase of 1.42% in the past week, with a monthly gain of 15.93% and a quarterly increase of 22.67%. The volatility ratio for the week is 3.71%, and the volatility levels for the last 30 days are 3.65% for Golar Lng (GLNG). The simple moving average for the last 20 days is 1.05% for GLNG stock, with a simple moving average of 30.46% 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 8.33% 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 -4.70% of loss for the given period.
Volatility was left at 3.65%, however, over the last 30 days, the volatility rate increased by 3.71%, as shares surge +3.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.13% upper at present.
During the last 5 trading sessions, GLNG rose by +1.42%, which changed the moving average for the period of 200-days by +100.28% in comparison to the 20-day moving average, which settled at $41.57. In addition, Golar Lng saw 86.17% 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:
- 0.3 for the present operating margin
- 0.38 for the gross margin
The net margin for Golar Lng stands at 0.05. The total capital return value is set at 0.02. Equity return is now at value 0.65, with 0.32 for asset returns.
Based on Golar Lng (GLNG), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 0.7. The interest coverage ratio of the stock is 120.62.
Currently, EBITDA for the company is 53.21 million with net debt to EBITDA at 7.53. When we switch over and look at the enterprise to sales, we see a ratio of 18.87. The receivables turnover for the company is 2.34for trailing twelve months and the total asset turnover is 0.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.55.
Conclusion
In conclusion, Golar Lng (GLNG) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
