Is Golar Lng (GLNG) positioned for future growth?

With 1.15 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.16 million shares. During the session, the Oil & Gas Midstream company that operates in wider Energy sector, reached to the highest price of $33.63 whereas the lowest price it dropped to was $32.68. The 52-week range on GLNG shows that it touched its highest point at $33.96 and its lowest point at $19.94 during that stretch. It currently has a 1-year price target of $38.36. With its current market cap of 3.51 billion, GLNG has annualized dividend of $1.00 while the current yield stands at 2.98%. Beta for the stock currently stands at 0.64.

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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 7.08%, but this was up by 27.50% over a month. Three-month performance surged to 32.01% while six-month performance rose 45.32%. The stock gained 57.98% in the past year, while it has gained 46.02% so far this year. A look at the trailing 12-month EPS for GLNG yields 1.06 with Next year EPS estimates of 2.11. For the next quarter, that number is 0.41. This implies an EPS growth rate of -31.81% for this year and 15.96% for next year.

Float and Shares Shorts:

At present, 104.58 million GLNG shares are outstanding with a float of 93.22 million shares on hand for trading. On 2024-06-14, short shares totaled 4.64 million, which was 444.00000000000006 higher than short shares on 1715731200. 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 0.75922996 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 2024-03-31, GLNG reported revenue of $64959000.0 and operating income of $nan. The EBITDA in the recently reported quarter was $66633000.0 and diluted EPS was $0.528083.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GLNG since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.

Dividends & Yield:

In terms of dividends, GLNG has a current ratio of $1.00, which is $1.00 over the trailing 12-months, while a dividend of $– 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 $2.98. In the past year, GLNG’s dividend yield has been $2.98, but when looking at the stock over the past five years, its yield has been $–. Accordingly, GLNG has a current buyback yield of $1.76. This was $1.76 for the TTM, and it was $– for the past five years.