Golar LNG (GLNG) Stock Price, News & Analysis

Company Overview

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

Key Stats

• Today's Range: $32.57 to $34.35
• 50-Day Range: $31.02 to $36.36
• 52-Week Range: $19.94 to $36.52
• Volume: 1.54 million shs
• Average Volume: 1.19 million shs
• Market Capitalization: $3.41 billion
• P/E Ratio: 31.05
• Dividend Yield: 3.07%
• Price Target: $45.10
• Consensus Rating: Moderate Buy

Golar LNG Stock Analysis - MarketRank™

Golar LNG scored higher than 88% of companies evaluated by MarketBeat, and ranked 28th out of 132 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Golar LNG has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Golar LNG has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 19.87%

Earnings Growth

Earnings for Golar LNG are expected to grow by 19.87% in the coming year, from $1.56 to $1.87 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Golar LNG is 31.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.39.

Price to Earnings Ratio vs. Sector

The P/E ratio of Golar LNG is 31.05, which means that it is trading at a more expensive P/E ratio than the Transportation sector average P/E ratio of about 21.03.

Price to Book Value per Share Ratio

Golar LNG has a P/B Ratio of 1.31. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.88% 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 decreased by 6.70%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Golar LNG pays a meaningful dividend of 3.18%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Golar LNG does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Golar LNG is 95.24%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Golar LNG will have a dividend payout ratio of 53.48% next year. This indicates that Golar LNG will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.88% 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 decreased by 6.70%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.90

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 7 news articles for Golar LNG this week, compared to 3 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 -60% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Golar LNG to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

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

92.21% of the stock of Golar LNG is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

GLNG Stock Analysis - Frequently Asked Questions

How have GLNG shares performed this year?

Golar LNG's stock was trading at $22.99 on January 1st, 2024. Since then, GLNG shares have increased by 41.8% and is now trading at $32.60.
View the best growth stocks for 2024 here.

How were Golar LNG's earnings last quarter?

Golar LNG Limited (NASDAQ:GLNG) posted its earnings results on Thursday, August, 15th. The shipping company reported $0.42 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by $0.02. The shipping company had revenue of $62.98 million for the quarter, compared to analyst estimates of $67.38 million. Golar LNG had a net margin of 50.89% and a trailing twelve-month return on equity of 9.20%.

Does Golar LNG have any subsidiaries?

Golar LNG subsidiaries include these companies: Egyptian Natural Gas Holding Company, Gimi Holding Company Limited (a), Gimi MS Corporation (b), Golar Gandria N.V., Golar GP LLC – Limited Liability Company, Golar Hilli Corp. (c), Golar Hilli LLC (c), and more.

Who are Golar LNG's major shareholders?

Golar LNG's top institutional investors include Donald Smith & CO. Inc. (3.11%), Millennium Management LLC (2.17%), American Century Companies Inc. (1.66%) and Pinnacle Associates Ltd. (1.43%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Golar LNG own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Golar LNG investors own include Golar LNG Partners (GMLP), Energy Transfer (ET), Melco Resorts & Entertainment (MLCO), Enterprise Products Partners (EPD), Teekay (TK), GasLog (GLOG) and Synacor (SYNC).

Company Calendar

• Last Earnings: 8/15/2024
• Ex-Dividend for 9/3 Dividend: 8/26/2024
• Dividend Payable: 9/03/2024
• Today: 9/18/2024
• Next Earnings (Estimated): 11/19/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Transportation
• Industry: Water transportation
• Sub-Industry: Oil & Gas Storage & Transportation
• Current Symbol: NASDAQ:GLNG
• CUSIP: G9456A10
• CIK: 1207179
• Web: www.golarlng.com
• Phone: (441) 295-4705
• Fax: 441-295-3494
• Employees: 470
• Year Founded: 1946

Price Target and Rating

• Average Stock Price Target: $45.10
• High Stock Price Target: $56.00
• Low Stock Price Target: $27.00
• Potential Upside/Downside: +36.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.80
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.05
• Trailing P/E Ratio: 31.44
• Forward P/E Ratio: 21.16
• P/E Growth: N/A
• Net Income: $-46,790,000.00
• Net Margins: 50.89%
• Pretax Margin: 0.42%
• Return on Equity: 9.20%
• Return on Assets: 5.97%

Debt

• Debt-to-Equity Ratio: 0.31
• Current Ratio: 1.24
• Quick Ratio: 1.28

Sales & Book Value

• Annual Sales: $276.58 million
• Price / Sales: 12.48
• Cash Flow: $2.93 per share
• Price / Cash Flow: 11.25
• Book Value: $24.89 per share
• Price / Book: 1.33

Miscellaneous

• Outstanding Shares: 104,578,000
• Free Float: 104,557,000
• Market Cap: $3.45 billion
• Optionable: Optionable
• Beta: 0.58