Golar LNG Limited (NASDAQ:GLNG) saw a downside of -2.02% to close Tuesday at $13.07 after subtracting -$0.27 on the day. The 5-day average trading volume is 1,576,000 shares of the company’s common stock. It has gained $14.36 in the past week. An average of 1,327,450 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 972,754.
GLNG’s 1-month performance is 13.36% or $1.77 on its low of $10.65 reached on 09/20/21. The company’s shares have touched a 52-week low of $6.88 and high of $15.12, with the stock’s rally to the 52-week high happening on 01/13/21. YTD, GLNG has achieved 35.58% or $3.43. However, the current price is down -13.58%% from the 52-week high price.
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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 19.63 for the sector. The company’s PE ratio for the last five years has touched a high of 35.09 and a low of 2.325. GLNG stock has a beta of 0.86. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.37 while the price-to-book (PB) in the most recent quarter is 0.78, with the price to cash flow ratio at 7.15.
Golar LNG Limited’s quick ratio for the period ended June 29 was 0.60, with the current ratio over the same period at 0.60 meaning that GLNG stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.58, while the total debt to equity was 1.31. In terms of profitability, the gross margin trailing 12 months is 70.80%. The trailing 12-month EBITDA margin is 62.21% while for the period ending June 29; Golar LNG Limited’s operating margin was 56.10%. The firm’s gross profit as reported stood at $317.08 million against revenue of $438.64 million.
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected GLNG to announce -$0.01 per share in earnings in its latest quarter, but it posted -$0.58, representing a -5,700.00% surprise. EBITDA for the quarter stood at more than $138.3 million. GLNG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.73 billion, with total debt at $2.49 billion
Let’s look briefly at Golar LNG Limited (GLNG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 54.68% to suggest the stock is trending Neutral, with historical volatility in this time period at 66.89%.
The stock’s 5-day moving average is $13.45, reflecting a -0.53% or -$0.07 change from its current price. GLNG is currently trading +16.59% above its 20-day SMA, +13.36% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +16.80% and +40.39% respectively.
Stochastic %K and %D was 69.26% and 78.45% and the average true range (ATR) pointed at 0.61. The RSI (14) points at 56.96%, while the 14-day stochastic is at 59.81% with the period’s ATR at 0.58. The stock’s 9-day MACD Oscillator is pointing at -0.02 and 0.41 on the 14-day charts.
In the most recent analyst report for Golar LNG Limited (NASDAQ: GLNG), BofA Securities downgraded it to an Underperform rating. They previously had a Buy rating on the stock. Analysts offering their rating for GLNG stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate GLNG as a “sell,”, while 1 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 11 have offered a “buy” rating.
What is GLNG’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $11.00 and a high of $20.50, with their median price target at $17.00. Looking at these predictions, the average price target given by analysts is for Golar LNG Limited (GLNG) stock is $16.50.