Golar LNG Limited (NASDAQ:GLNG) saw an upside of 2.07% to $24.64 after adding $0.5 on Wednesday. The 5-day average trading volume is 672,829 shares of the company’s common stock. It has gained $25.06 in the past week and touched a new high 3 times within the past 5 days. An average of 715,002 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,015,829.
GLNG’s 1-month performance is 7.60% or $2.40 on its low of $21.96 reached on 07/10/23. The company’s shares have touched a 52-week low of $19.62 and high of $30.66, with the stock’s rally to the 52-week high happening on 08/09/23. YTD, GLNG has achieved 8.12% or $1.90 and has reached a new high 10 times. However, the current price is down -19.62% from the 52-week high price.
Valuation Metrics
GLNG stock has a beta of 0.72. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 10.05 while the price-to-book (PB) in the most recent quarter is 1.23, with the price to cash flow ratio at 30.63.
As well, the company’s long term debt to equity for the quarter ending March 30 was 0.38, while the total debt to equity was 0.54. In terms of profitability, the gross margin trailing 12 months is 72.50%. The trailing 12-month EBITDA margin is 54.67% while for the period ending March 30, Golar LNG Limited’s operating margin was 89.60%. The firm’s gross profit as reported stood at $192.49 million against revenue of $267.74 million.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income grew 47.47% to $787.77 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected GLNG to announce $0.81 per share in earnings in its latest quarter, but it posted $0.25, representing a -69.10% surprise. EBITDA for the quarter stood at more than -$30.8 million. GLNG stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 1.38 billion, with total debt at $1.17 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 08 August was 74.06% to suggest the stock is trending Overbought, with historical volatility in this time period at 15.11%.
The stock’s 5-day moving average is $24.27, reflecting a +3.85% or $0.91 change from its current price. GLNG is currently trading +5.04% above its 20-day SMA, +16.54% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +10.34% and SMA200 by-3.31%.
Stochastic %K and %D was 69.72% and 70.35% and the average true range (ATR) pointed at 0.59. The RSI (14) points at 70.15%, while the 14-day stochastic is at 78.14% with the period’s ATR at 0.59. The stock’s 9-day MACD Oscillator is pointing at 0.20 and 0.32 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Golar LNG Limited (NASDAQ: GLNG), BofA Securities upgraded it to a Buy rating. They previously had a Neutral rating on the stock.
What is GLNG’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $28.00 and a high of $45.00, with their median price target at $35.00. Looking at these predictions, the average price target given by analysts is for Golar LNG Limited (GLNG) stock is $34.23.
