The stock of Golar LNG Limited (NASDAQ:GLNG) increased by $0.2 on Friday to finish at $21.51, up 0.94 percent. The last five days have seen an average of 747,440 shares of common stock traded. 10 times new highs were reached in the current year, with a fall of -$1.28. The average number of shares traded over the last 20 days was 917,850, while the average volume over the last 50 days totaled 963,342.
GLNG stock dropped -8.93% since last month. On 08/25/23, the company’s shares reached a one-month low of $21.18. The stock touched a high of $30.66 on 08/09/23, after rallying from a low of $19.62 in 52 weeks. The price of GLNG stock has declined by -5.62% or -$1.28 this year, reaching a new high 10 times. Still, the stock price is down -29.83% from the 52-week high.
Valuation Metrics
Golar LNG Limited (GLNG) has a trailing price-to-earnings (P/E) ratio of 23.69. Beta for the stock is 0.75. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 8.09, the price-to-book (PB) ratio of 1.10, and the price-to-cash flow ratio of 27.79.
Company paid $0.25 per share in dividends, remained unchanged from $0.25 last year. A $0.10 dividend increase was reported on Tuesday May 30 2023.
Financial Health
For the three months ended June 29, Golar LNG Limited’s current ratio was 2.20. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.41, and the total debt to equity ratio is 0.57. As far as profitability goes, gross margin for the trailing twelve months is 70.90% percent. Golar LNG Limited’s EBITDA margin for the year ended June 29 was 54.67%, whereas its operating margin stood at 11.50% for the same period. Based on annual data, it had gross profit of $192.49 million and revenue of $267.74 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GLNG’s return on assets (ROA) during the last 12 months has been 2.60%. There was a 14.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 4.60%.
Earnings Surprise
According to Golar LNG Limited’s quarterly financial report for the quarter that ended June 29. Net income for the quarter came in at $279.97 million, while revenues fell by -61.41% to $0.0. It was predicted that Golar LNG Limited’s quarterly earnings would be $0.57, but it ended up being $0.49, beating the consensus by 16.30%. At the end of Golar LNG Limited’s most recent quarter ended June 29, its liabilities totaled 1.38 billion, while its total debt was $1.2 billion.
Technical Picture
Here’s a quick look at Golar LNG Limited’s (GLNG) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 30.83%, suggesting the stock is Neutral, with a 18.56% historical volatility rate.
The stochastic %K and %D were 4.78% and 7.61% respectively, while the average true range (ATR) was 0.56. Based on the 14-day stochastic reading of 8.51%, the RSI (14) reading is 35.63%. On the 9-day MACD Oscillator, the stock is at -0.43, and the 14-day reading is at -0.90.
Analyst Ratings
Golar LNG Limited (NASDAQ: GLNG) was downgraded by Wolfe Research to a a Peer perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Golar LNG Limited (GLNG) an Buy rating. GLNG is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 12 others recommend it as a buy.
What is GLNG’s price target for the next 12 months?
The current consensus forecast for the stock is between $28.00 and $45.00, with a median target price of $35.00. In analyzing these forecasts, the average price target given by analysts for Golar LNG Limited (GLNG) is $34.32.
