With 0.7 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.34 million shares. During the session, the Oil & Gas Midstream company that operates in wider Energy sector, reached to the highest price of $42.99 whereas the lowest price it dropped to was $41.9001. The 52-week range on GLNG shows that it touched its highest point at $44.08 and its lowest point at $19.94 during that stretch. It currently has a 1-year price target of $46.10. With its current market cap of 4.49 billion, GLNG has annualized dividend of $1.00 while the current yield stands at 2.38%. Beta for the stock currently stands at 0.58.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GLNG was up-trending over the past week, with a rise of 1.42%, but this was up by 15.93% over a month. Three-month performance surged to 22.67% while six-month performance rose 39.37%. The stock gained 83.69% in the past year, while it has gained 86.17% so far this year. A look at the trailing 12-month EPS for GLNG yields 1.06 with Next year EPS estimates of 1.53. For the next quarter, that number is 0.38. This implies an EPS growth rate of -51.38% for this year and 18.12% for next year.
Float and Shares Shorts:
At present, 104.40 million GLNG shares are outstanding with a float of 93.22 million shares on hand for trading. On 2024-11-29, short shares totaled 3.14 million, which was 301.0 higher than short shares on 1730332800. In addition to Mr. Karl Fredrik Staubo as the firm’s Chief Executive Officer of Golar Management AS, Mr. Eduardo Maranhao serves as its Chief Financial Officer of Golar Management Ltd.
Institutional Ownership:
Through their ownership of 0.73587 of GLNG’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, GLNG reported revenue of $64807000.0 and operating income of $8352000.0. The EBITDA in the recently reported quarter was $31391000.0 and diluted EPS was $nan.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GLNG since 5 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With GLNG analysts setting a high price target of 56.0 and a low target of 41.0, the average target price over the next 12 months is 46.21429. Based on these targets, GLNG could surge 33.3% to reach the target high and fall by -2.4% to reach the target low. Reaching the average price target will result in a growth of 10.01% from current levels.
Analysts have provided yearly estimates in a range of $1.81776 being high and $0.76439 being low. For GLNG, this leads to a yearly average estimate of $1.29574. Based on analyst estimates, the high estimate for the next quarter is $0.57 and the low estimate is $0.56. The average estimate for the next quarter is thus $0.56.
