Golar LNG Limited (NASDAQ: GLNG) stock fell -1.53% on Wednesday to $25.13 against a previous-day closing price of $25.52. With 1.52 million shares changed hands, the volume of the stock remained heavier 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 $25.57 whereas the lowest price it dropped to was $24.83. The 52-week range on GLNG shows that it touched its highest point at $30.66 and its lowest point at $10.79 during that stretch. It currently has a 1-year price target of $34.14. Beta for the stock currently stands at 0.64.
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 3.16%, but this was down by -6.44% over a month. Three-month performance dropped to -16.07% while six-month performance rose 1.54%. The stock gained 98.19% in the past year, while it has gained 102.82% so far this year. A look at the trailing 12-month EPS for GLNG yields 5.36 with Next year EPS estimates of 2.01. For the next quarter, that number is 0.48. This implies an EPS growth rate of -41.60% for this year and 44.50% for next year. EPS is expected to grow by 4.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 6.40%.
Float and Shares Shorts:
At present, 107.50 million GLNG shares are outstanding with a float of 92.49 million shares on hand for trading. On Oct 13, 2022, short shares totaled 2.58 million, which was 2.40% higher than short shares on Sep 14, 2022. In addition to Mr. Karl Fredrik Staubo as the firm’s Chief Exec. Officer, Mr. Eduardo Maranhao serves as its Chief Financial Officer.
Through their ownership of 75.17% of GLNG’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 44.86% of GLNG, in contrast to 30.29% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in GLNG with 8.34% of the stake, Orbis Investment Management Ltd. holds 8,987,491 shares worth 8,987,491. A second-largest stockholder of GLNG, Rubric Capital Management LP, holds 6,352,756 shares, controlling over 5.89% of the firm’s shares. Cobas Asset Management SGIIC SA is the third largest shareholder in GLNG, holding 5,033,119 shares or 4.67% stake. With a 3.50% stake in GLNG, the Orbis SICAV – International Equit is the largest stakeholder. A total of 3,772,302 shares are owned by the mutual fund manager. The Cobas Seleccion, FI, which owns about 2.24% of GLNG stock, is the second-largest Mutual Fund holder. It holds 2,413,280 shares valued at 67.14 million. iShares Russell 2000 ETF holds 2.02% of the stake in GLNG, owning 2,180,265 shares worth 60.65 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GLNG since 12 analysts follow the stock currently. There are 12 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 $38.00 and a low target of $31.00, the average target price over the next 12 months is $34.59. Based on these targets, GLNG could surge 51.21% to reach the target high and rise by 23.36% to reach the target low. Reaching the average price target will result in a growth of 37.64% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. GLNG will report FY 2022 earnings on 02/28/2023. Analysts have provided yearly estimates in a range of $1.68 being high and -$0.00 being low. For GLNG, this leads to a yearly average estimate of $0.97. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Golar LNG Limited surprised analysts by $0.10 when it reported $0.45 EPS against a consensus estimate of $0.35. The surprise factor in the prior quarter was $0.04. Based on analyst estimates, the high estimate for the next quarter is $0.74 and the low estimate is $0.32. The average estimate for the next quarter is thus $0.55.
Dividends & Yield:
In terms of dividends, GLNG has a dividend of $0.34 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and GLNG currently yields $1.92. In the past year, GLNG’s dividend yield has been $1.92, but when looking at the stock over the past five years, its yield has been $1.91. Accordingly, GLNG has a current buyback yield of $0.68. This was $0.68 for the TTM.