NASDAQ:GLNG

Golar LNG (GLNG) Stock Forecast, Price & News

$23.61

+0.22 (+0.94%)

(As of 09/27/2023 ET)

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Today's Range: $23.48
▼
$23.80
50-Day Range: $21.31
▼
$24.48
52-Week Range: $19.62
▼
$28.47

Volume: 1.08 million shs
Average Volume: 975,626 shs
Market Capitalization: $1.90 billion

P/E Ratio: 8.78
Dividend Yield: 4.24%
Price Target: $30.75

Golar LNG MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 30.2% Upside
$30.75 Price Target
Short Interest: Healthy
2.44% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.90
Based on 8 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 67.90%
From $1.62 to $2.72 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.17 out of 5 stars

Transportation Sector

14th out of 113 stocks

Water Transportation Industry

1st out of 18 stocks

3.3

Analyst's Opinion

Consensus Rating
Golar LNG has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $30.75, Golar LNG has a forecasted upside of 30.2% from its current price of $23.61.
Amount of Analyst Coverage
Golar LNG has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.44% of the float of Golar LNG has been sold short.
Short Interest Ratio / Days to Cover
Golar LNG has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Golar LNG has recently increased by 1.66%, indicating that investor sentiment is decreasing.

3.3

Dividend Strength

Dividend Leadership
Golar LNG is a leading dividend payer. It pays a dividend yield of 4.26%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Golar LNG does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Golar LNG is 37.17%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Golar LNG will have a dividend payout ratio of 36.76% next year. This indicates that Golar LNG will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for GLNG.

3.3

News and Social Media Coverage

News Sentiment
Golar LNG has a news sentiment score of 0.90. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Transportation companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Golar LNG this week, compared to 2 articles on an average week.
Search Interest
Only 2 people have searched for GLNG on MarketBeat in the last 30 days. This is a decrease of -71% compared to the previous 30 days.
MarketBeat Follows
7 people have added Golar LNG to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Golar LNG insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.02% of the stock of Golar LNG is held by insiders.
Percentage Held by Institutions
89.67% of the stock of Golar LNG is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Golar LNG are expected to grow by 67.90% in the coming year, from $1.62 to $2.72 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Golar LNG is 8.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.58.
Price to Earnings Ratio vs. Sector
The P/E ratio of Golar LNG is 8.78, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 12.14.
Price to Book Value per Share Ratio
Golar LNG has a P/B Ratio of 0.87. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Golar LNG (NASDAQ:GLNG) Stock

Golar LNG Limited designs, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It also engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels; operation of the transportation of LNG carriers; and vessel management. The company was founded in 1946 and is headquartered in Hamilton, Bermuda.

GLNG Price History

30 days | 90 days | 365 days | Advanced Chart

GLNG Stock News Headlines

September 26, 2023 | americanbankingnews.com

Golar LNG (NASDAQ:GLNG) Now Covered by Analysts at Citigroup

September 25, 2023 | finance.yahoo.com

Citigroup Resumes Analysis of Golar Lng With Neutral Recommendation

September 28, 2023 | MarketBeat Internal (Ad)

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September 23, 2023 | finance.yahoo.com

Has Golar LNG Limited's (NASDAQ:GLNG) Impressive Stock Performance Got Anything to Do With Its Fundamentals?

August 28, 2023 | msn.com

Golar LNG's Rise As A Key Player In The Growing FLNG Market

August 23, 2023 | finance.yahoo.com

Golar FLNG Gimi Gastech event and FLNG tour

August 16, 2023 | markets.businessinsider.com

Golar LNG (GLNG) was downgraded to a Hold Rating at Wolfe Research

August 16, 2023 | msn.com

Wolfe Research Downgrades Golar Lng (GLNG)

September 28, 2023 | MarketBeat Internal (Ad)

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August 13, 2023 | finance.yahoo.com

Golar LNG (NASDAQ:GLNG) Could Be A Buy For Its Upcoming Dividend

August 10, 2023 | finance.yahoo.com

Interim results for the period ended June 30, 2023

August 10, 2023 | finance.yahoo.com

Key information relating to the cash dividend to be paid by Golar LNG Limited

August 8, 2023 | finance.yahoo.com

Golar LNG Limited: 2023 AGM Results Notification

August 7, 2023 | finance.yahoo.com

What's in the Cards for Golar LNG (GLNG) in Q2 Earnings?

July 31, 2023 | finance.yahoo.com

Golar LNG Limited (NASDAQ:GLNG) is largely controlled by institutional shareholders who own 71% of the company

July 12, 2023 | seekingalpha.com

Golar LNG: A Strong Player In The Lucrative LNG Market

July 11, 2023 | finance.yahoo.com

The Market Doesn't Like What It Sees From Golar LNG Limited's (NASDAQ:GLNG) Earnings Yet

July 7, 2023 | finance.yahoo.com

Golar LNG Limited – Q2 2023 results presentation

July 6, 2023 | msn.com

Stifel Reiterates Golar Lng (GLNG) Buy Recommendation

July 6, 2023 | finance.yahoo.com

Golar LNG (GLNG) Soars 8.3%: Is Further Upside Left in the Stock?

July 5, 2023 | msn.com

Golar LNG finally at catalyst stage and could double by year-end, Stifel says

June 29, 2023 | finance.yahoo.com

Golar LNG (GLNG) Down 4.1% Since Last Earnings Report: Can It Rebound?

June 23, 2023 | finance.yahoo.com

Here's Why You Should Retain Golar LNG (GLNG) Stock Now

June 18, 2023 | fool.com

Golar Lng (NASDAQ: GLNG)

June 16, 2023 | finance.yahoo.com

Golar LNG (GLNG) Stock Moves -0.14%: What You Should Know

June 4, 2023 | finance.yahoo.com

Is It Smart To Buy Golar LNG Limited (NASDAQ:GLNG) Before It Goes Ex-Dividend?

June 1, 2023 | msn.com

Golar Lng (GLNG) Declares $0.25 Dividend

See More Headlines

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GLNG Company Calendar

Last Earnings: 8/11/2023
Ex-Dividend for 8/29 Dividend: 8/18/2023
Dividend Payable: 8/29/2023
Today: 9/28/2023
Next Earnings (Estimated): 11/15/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Water transportation
Sub-Industry: Oil & Gas Storage & Transportation
Sector: Transportation
Current Symbol: NASDAQ:GLNG
CUSIP: G9456A10
CIK: 1207179
Web: www.golarlng.com
Phone: (441) 295-4705
Fax: 441-295-3494
Employees: 490
Year Founded: 1946

Price Target and Rating

Average Stock Price Forecast: $30.75
High Stock Price Forecast: $34.00
Low Stock Price Forecast: $27.00
Forecasted Upside/Downside: +30.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 8.78
Forward P/E Ratio: 14.57
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: 0.34
Current Ratio: 2.16
Quick Ratio: 2.16

Sales & Book Value

Annual Sales: $267.74 million
Price / Sales: 7.08
Cash Flow: $2.09 per share
Price / Cash Flow: 11.31
Book Value: $27.05 per share
Price / Book: 0.87

Miscellaneous

Outstanding Shares: 80,300,000
Free Float: 80,283,000
Market Cap: $1.90 billion
Optionable: Optionable
Beta: 0.73

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Key Executives

Mr. Karl Fredrik Staubo (Age 36)
Chief Exec. Officer of Golar Management AS

Mr. Eduardo Maranhao (Age 38)
Chief Financial Officer of Golar Management Ltd

Mr. Ragnar Nes (Age 54)
Chief Operating Officer of Golar Management AS

Mr. Erik Svendsen (Age 51)
Chief Technical Officer of Golar Management AS

Mr. Stuart Buchanan
Head of Investor Relations

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

GLNG Stock - Frequently Asked Questions

Should I buy or sell Golar LNG stock right now?: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Golar LNG in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" GLNG shares.
View GLNG analyst ratings or view top-rated stocks.
What is Golar LNG's stock price forecast for 2023?: 4 brokerages have issued 12 month price objectives for Golar LNG's stock. Their GLNG share price forecasts range from $27.00 to $34.00. On average, they predict the company's stock price to reach $30.75 in the next twelve months. This suggests a possible upside of 30.2% from the stock's current price.
View analysts price targets for GLNG or view top-rated stocks among Wall Street analysts.
How have GLNG shares performed in 2023?: Golar LNG's stock was trading at $22.79 on January 1st, 2023. Since then, GLNG shares have increased by 3.6% and is now trading at $23.61.
View the best growth stocks for 2023 here.
When is Golar LNG's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 15th 2023.
View our GLNG earnings forecast.
How were Golar LNG's earnings last quarter?: Golar LNG Limited (NASDAQ:GLNG) posted its earnings results on Friday, August, 11th. The shipping company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.11. The shipping company had revenue of $77.31 million for the quarter, compared to analysts' expectations of $66.65 million.
How often does Golar LNG pay dividends? What is the dividend yield for Golar LNG?: Golar LNG declared a quarterly dividend on Thursday, August 10th. Shareholders of record on Monday, August 21st will be given a dividend of $0.25 per share on Tuesday, August 29th. This represents a $1.00 annualized dividend and a dividend yield of 4.24%. The ex-dividend date of this dividend is Friday, August 18th.
Read our dividend analysis for GLNG.
What ETFs hold Golar LNG's stock?: ETFs with the largest weight of Golar LNG (NASDAQ:GLNG) stock in their portfolio include Invesco Oil & Gas Services ETF (PXJ) and Global X Guru Index ETF (GURU).EA Bridgeway Omni Small-Cap Value ETF (BSVO).
Is Golar LNG a good dividend stock?: Golar LNG (NASDAQ:GLNG) pays an annual dividend of $1.00 per share and currently has a dividend yield of 4.26%. GLNG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 37.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GLNG will have a dividend payout ratio of 36.76% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GLNG.

What is Graham Robjohns' approval rating as Golar LNG's CEO?: 2 employees have rated Golar LNG Chief Executive Officer Graham Robjohns on Glassdoor.com. Graham Robjohns has an approval rating of 100% among the company's employees. This puts Graham Robjohns in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Golar LNG own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Golar LNG investors own include Golar LNG Partners (GMLP), Energy Transfer (ET), Melco Resorts & Entertainment (MLCO), Enterprise Products Partners (EPD), Teekay (TK), GasLog (GLOG), Synacor (SYNC), Gilead Sciences (GILD), International Business Machines (IBM) and AT&T (T).
What is Golar LNG's stock symbol?: Golar LNG trades on the NASDAQ under the ticker symbol "GLNG."
Who are Golar LNG's major shareholders?: Golar LNG's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Rubric Capital Management LP (8.04%), BlackRock Inc. (6.19%), State Street Corp (2.16%), Pinnacle Associates Ltd. (1.91%), Goldman Sachs Group Inc. (1.90%) and Steinberg Asset Management LLC (1.79%).
How do I buy shares of Golar LNG?: Shares of GLNG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Golar LNG's stock price today?: One share of GLNG stock can currently be purchased for approximately $23.61.
How much money does Golar LNG make?: Golar LNG (NASDAQ:GLNG) has a market capitalization of $1.90 billion and generates $267.74 million in revenue each year. The shipping company earns $787.77 million in net income (profit) each year or $2.69 on an earnings per share basis.
How many employees does Golar LNG have?: The company employs 490 workers across the globe.
Does Golar LNG have any subsidiaries?: The following companies are subsidiares of Golar LNG: Egyptian Natural Gas Holding Company, GVS Corporation, Gimi Holding Company Limited (a), Gimi MS Corporation (b), Golar GP LLC – Limited Liability Company, Golar Gandria N.V., Golar Hilli Corp. (c), Golar Hilli LLC (c), Golar Hull M2021 Corporation, Golar Hull M2022 Corporation, Golar Hull M2027 Corporation, Golar Hull M2047 Corporation, Golar Hull M2048 Corporation, Golar LNG 2216 Corporation, Golar LNG Energy Limited, Golar LNG NB10 Corporation, Golar LNG NB11 Corporation, Golar LNG NB12 Corporation, Golar LNG NB13 Corporation, Golar Management (Bermuda) Limited, Golar Management D.O.O, Golar Management Limited, Golar Management Malaysia SDN. BDH., Golar Management Norway AS, and Golar Shoreline LNG Limited.
Read More
How can I contact Golar LNG?: Golar LNG's mailing address is 2ND FLOOR S.E. PEARMAN BUILDING 9 PAR-LA-VILLE ROAD, HAMILTON D0, HM 11. The official website for the company is www.golarlng.com. The shipping company can be reached via phone at (441) 295-4705, via email at golarlng@golar.com, or via fax at 441-295-3494.

This page (NASDAQ:GLNG) was last updated on 9/28/2023 by MarketBeat.com Staff

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