Golar Lng (NASDAQ:GLNG) saw an upside of 0.26% to close Friday at $23.13 after adding $0.06 on the day. The 5-day average trading volume is 647,100 shares of the company’s common stock. It has gained $24.14 in the past week and touched a new high 2 times within the past 5 days. An average of 749,135 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 814,280.
GLNG’s 1-month performance is 6.59% or $1.04 on its low of $21.18 reached on 08/25/23. The company’s shares have touched a 52-week low of $19.62 and high of $28.47, with the stock’s rally to the 52-week high happening on 08/09/23. YTD, GLNG has achieved 1.49% or $0.34 and has reached a new high 10 times. However, the current price is down -18.76% from the 52-week high price.
Valuation Metrics
GLNG stock has a beta of 0.71. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 8.88 while the price-to-book (PB) in the most recent quarter is 1.17, with the price to cash flow ratio at 30.38.
Golar Lng’s quick ratio for the period ended June 29 was 2.16, with the current ratio over the same period at 2.16. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.42, while the total debt to equity was 0.57. In terms of profitability, the gross margin trailing 12 months is 53.01%. The trailing 12-month EBITDA margin is 54.67% while for the period ending June 29, Golar Lng’s operating margin was 25.28%. 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 June 29 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 $0.49 per share in earnings in its latest quarter, but it posted $0.57, representing a 16.30% surprise. GLNG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.38 billion, with total debt at $1.2 billion.
Let’s look briefly at Golar Lng (GLNG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 50.09% to suggest the stock is trending Neutral, with historical volatility in this time period at 21.05%.
The stock’s 5-day moving average is $23.33, reflecting a -2.69% or -$0.64 change from its current price. GLNG is currently trading +8.54% above its 20-day SMA, +4.61% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -2.03% and SMA200 by-6.62%.
Stochastic %K and %D was 48.87% and 58.64% and the average true range (ATR) pointed at 0.55. The RSI (14) points at 51.88%, while the 14-day stochastic is at 45.36% with the period’s ATR at 0.57. The stock’s 9-day MACD Oscillator is pointing at -0.39 and -0.11 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Golar Lng (NASDAQ: GLNG), Wolfe Research downgraded it to a Peer perform rating. They previously had an Outperform 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.” 0 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 $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 (GLNG) stock is $34.25.
