Golar LNG Limited (NASDAQ:GLNG) finished Thursday with an addition of $1.33 to close at $14.32, an upside of 10.24 percent. An average of 1,889,180 shares of common stock have been traded in the last five days. There was a gain of $1.35 in the past week. The last 20 days have seen an average of 1,246,760 shares traded, while the 50-day average volume stands at 951,326.
GLNG stock has increased by 24.63% in the last month. The company shares reached their 1-month lowest point of $10.65 on 09/20/21. With the stock rallying to its 52-week high on 01/13/21, shares of the company touched a low of $6.88 and a high of $15.12 in 52 weeks. In spite of this, the price is down -5.32% from the 52-week high.
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Golar LNG Limited (GLNG) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 18.94 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, Golar LNG Limited’s PE ratio has ranged between 35.09 and 2.325. The stock’s beta is 0.86. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.37, the price-to-book (PB) ratio at 0.86, and the price-to-cash flow ratio at 7.16.
The company has a payout ratio of 0.00%. The company’s most recent quarterly dividend payment was $0.15 a share, without any change from last year.
The quick ratio of Golar LNG Limited for the three months ended June 29 was 0.60, and the current ratio was 0.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.58 and a total debt to equity ratio of 1.31 For the recent quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 70.80% against a 5-year average of -6.7%. Golar LNG Limited’s EBITDA margin for the year ending June 29 is 62.21%, while its operating margin for the same period stands at 56.10%. Its gross profit as reported stood at $317.08 million compared to revenue of $438.64 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Golar LNG Limited’s return on assets was 10.70%, compared to -4.8% over the last five years. In the past year, the return on investment has been 3.40%, and the 5-year average is -4.0%. Meanwhile, the return on equity (ROE) for the past 12 months has been 34.50% and the 5-year average holds at -13.2%. For the broader industry, ROE averaged 12.45 over the past year.
The analyst consensus anticipated Golar LNG Limited’s latest quarter earnings to come in at $0.02 per share, but it turned out to be -$0.58, a -3,000.00% surprise. For the recent quarter, EBITDA amounted to $138.3 million.
From a technical analysis perspective, let’s take a brief look at Golar LNG Limited (GLNG) price momentum. RSI 9-day as of the close on 07 October was 78.08%, suggesting the stock is Overbought, with historical volatility in this time frame at 56.22%.
As of today, GLNG’s price is $13.43 +10.41% or $1.35 from its 5-day moving average. GLNG is currently trading +25.17% higher than its 20-day SMA and +20.13% higher than its 100-day SMA. However, the stock’s current price level is +26.39% above the SMA50 and +61.81% above the SMA200.
The stochastic %K and %D were 84.41% and 83.34%, respectively, and the average true range (ATR) was 0.64. With the 14-day stochastic at 98.92% and the average true range at 0.58, the RSI (14) stands at 73.72%. The stock has reached 0.42 on the 9-day MACD Oscillator while the 14-day reading was at 1.09.
BofA Securities downgraded Golar LNG Limited (NASDAQ: GLNG) to a an Underperform rating in its most recent analyst report. Previously, the stock was rated as a a Buy.The consensus rating for Golar LNG Limited (GLNG) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell GLNG, while 1 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 11 others rate it as a “buy”.
What is GLNG’s price target for the next 12 months?
Analysts predict a range of price targets between $11.00 and $20.50, with a median target of $17.00. Taking a look at these predictions, the average price target given by analysts for Golar LNG Limited (GLNG) stock is $16.50.