NASDAQ:GLNG

Golar LNG (GLNG) Stock Forecast, Price & News

$21.74

+0.60 (+2.84%)

(As of 06/2/2023 ET)

Compare

Today's Range: $21.50
▼
$22.09
50-Day Range: $20.52
▼
$22.70
52-Week Range: $19.80
▼
$30.66

Volume: 1.33 million shs
Average Volume: 1.02 million shs
Market Capitalization: $2.34 billion

P/E Ratio: 3.24
Dividend Yield: N/A
Price Target: $32.88

Golar LNG MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 51.2% Upside
$32.88 Price Target
Short Interest: Healthy
1.86% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.00
Based on 21 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -8.55%
From $3.04 to $2.78 Per Share

Overall MarketRank^™

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

2.40 out of 5 stars

Transportation Sector

38th out of 120 stocks

Water Transportation Industry

5th out of 17 stocks

3.5

Analyst's Opinion

Consensus Rating
Golar LNG has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $32.88, Golar LNG has a forecasted upside of 51.2% from its current price of $21.74.
Amount of Analyst Coverage
Golar LNG has received no research coverage in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
1.86% 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 1.9, 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 4.64%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Golar LNG does not currently pay a dividend.
Dividend Growth
Golar LNG does not have a long track record of dividend growth.

N/A

Sustainability and ESG

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

1.7

News and Social Media Coverage

News Sentiment
Golar LNG has a news sentiment score of 0.00. 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 lower news sentiment than the 0.57 average news sentiment score of Transportation companies.
News Coverage This Week
MarketBeat has tracked 21 news articles for Golar LNG this week, compared to 3 articles on an average week.
Search Interest
9 people have searched for GLNG on MarketBeat in the last 30 days. This is an increase of 13% compared to the previous 30 days.
MarketBeat Follows
Only 4 people have added Golar LNG to their MarketBeat watchlist in the last 30 days. This is a decrease of -43% compared to the previous 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
72.45% of the stock of Golar LNG is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Golar LNG are expected to decrease by -8.55% in the coming year, from $3.04 to $2.78 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Golar LNG is 3.24, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.41.
Price to Earnings Ratio vs. Sector
The P/E ratio of Golar LNG is 3.24, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 25.87.
Price to Book Value per Share Ratio
Golar LNG has a P/B Ratio of 0.90. 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 Ltd. owns and operates liquefied natural gas carriers, floating storage, and regasification unit. It operates through the following segments: Vessel Operations, FLNG, and Power. The Vessel Operations segment operates and charter out vessels on fixed terms to customers. The FLNG segment provides integrated upstream and midstream solution for the development of gas reserves to LNG. The Power segment integrated LNG based downstream solutions, through the ownership and operation of FSRUs and associated terminal and power generation infrastructure. The company was founded on May 10, 2001 and is headquartered in Hamilton, Bermuda.

Receive GLNG Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Golar LNG and its competitors with MarketBeat's FREE daily newsletter.

GLNG Stock News Headlines

June 2, 2023 | americanbankingnews.com

Golar LNG (NASDAQ:GLNG) Stock Rating Lowered by StockNews.com

June 1, 2023 | msn.com

Golar Lng (GLNG) Declares $0.25 Dividend

June 3, 2023 | Behind the Markets (Ad)

"Unknown laser company making HUGE profit from Russia-Ukraine War"

On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>

June 1, 2023 | americanbankingnews.com

Q2 2023 EPS Estimates for Golar LNG Limited Cut by B. Riley (NASDAQ:GLNG)

May 31, 2023 | uk.finance.yahoo.com

GLNG - Golar LNG Limited

May 31, 2023 | finance.yahoo.com

Are Investors Undervaluing Golar LNG Limited (NASDAQ:GLNG) By 36%?

May 30, 2023 | msn.com

Golar LNG Q1: Revenue Misses Consensus, Reinstates Dividend Payment, Discloses $150M Share Buyback

May 30, 2023 | fxstreet.com

Will GLNG, post its quarterly earnings announcement today, rise towards $24, or approach the level of $20?

June 3, 2023 | Behind the Markets (Ad)

Our #1 Laser Stock for May

The Pentagon calls laser weapons "the future." This small cap just won a $1.65 billion contract to make them. See why this stock could soar 2,476% >>>

May 30, 2023 | finance.yahoo.com

Golar LNG Limited Interim results for the period ended March 31, 2023

May 30, 2023 | finance.yahoo.com

Golar releases its 2022 Environmental, Social and Governance report

May 29, 2023 | americanbankingnews.com

Golar LNG (GLNG) Scheduled to Post Quarterly Earnings on Tuesday

May 29, 2023 | americanbankingnews.com

Golar LNG (GLNG) Scheduled to Post Earnings on Tuesday

May 25, 2023 | finanznachrichten.de

Golar LNG: Result of Summons to Written Resolution - Approved amendment to Golar's unsecured bonds

May 25, 2023 | finance.yahoo.com

Result of Summons to Written Resolution - Approved amendment to Golar’s unsecured bonds

May 9, 2023 | finance.yahoo.com

Summons to written resolution – Proposed amendment to the unsecured bonds, supported by the majority of bonds outstanding

April 29, 2023 | americanbankingnews.com

Golar LNG (NASDAQ:GLNG) Sees Unusually-High Trading Volume

April 29, 2023 | americanbankingnews.com

Golar LNG Sees Unusually Large Options Volume (NASDAQ:GLNG)

April 27, 2023 | msn.com

Golar LNG reportedly signs deal with Nigeria's NNPC for floating LNG plant

April 27, 2023 | finance.yahoo.com

Nigeria's NNPC, Norway's Golar sign agreement on floating LNG plant

April 26, 2023 | americanbankingnews.com

Golar LNG (NASDAQ:GLNG) PT Lowered to $34.00 at Stifel Nicolaus

April 24, 2023 | seekingalpha.com

Golar And The FLNG Market: Risky, But Cheap, And Without Much Competition

April 21, 2023 | finance.yahoo.com

Does Golar LNG (GLNG) Have the Potential to Rally 44.53% as Wall Street Analysts Expect?

April 19, 2023 | seekingalpha.com

Golar LNG: Opportunities Of The FLNG Business

April 18, 2023 | finance.yahoo.com

Golar LNG (GLNG) Crossed Above the 50-Day Moving Average: What That Means for Investors

April 15, 2023 | americanbankingnews.com

Golar LNG Limited (NASDAQ:GLNG) Receives $32.50 Consensus Target Price from Analysts

April 13, 2023 | americanbankingnews.com

Brokerages Set Golar LNG Limited (NASDAQ:GLNG) PT at $32.50

See More Headlines

GLNG Price History

30 days | 90 days | 365 days | Advanced Chart

GLNG Company Calendar

Last Earnings: 5/19/2021
Today: 6/02/2023
Ex-Dividend for 6/16 Dividend: 6/09/2023
Dividend Payable: 6/16/2023
Next Earnings (Estimated): 8/10/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

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: 1,703
Year Founded: 1946

Price Target and Rating

Average Stock Price Forecast: $32.88
High Stock Price Forecast: $35.50
Low Stock Price Forecast: $29.00
Forecasted Upside/Downside: +51.2%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $6.70
Trailing P/E Ratio: 3.24
Forward P/E Ratio: 7.15
P/E Growth: N/A
Net Income: $787.77 million
Net Margins: 218.75%
Pretax Margin: 372.01%
Return on Equity: 5.91%
Return on Assets: 3.28%

Debt

Debt-to-Equity Ratio: 0.32
Current Ratio: 2.16
Quick Ratio: 3.04

Sales & Book Value

Annual Sales: $267.74 million
Price / Sales: 8.72
Cash Flow: $2.19 per share
Price / Cash Flow: 9.92
Book Value: $24.08 per share
Price / Book: 0.90

Miscellaneous

Outstanding Shares: 107,430,000
Free Float: 107,409,000
Market Cap: $2.34 billion
Optionable: Optionable
Beta: 0.69

Social Links

Key Executives

Karl Fredrik-Staubo
Chief Executive Officer

Ragnar Nes
Chief Operating Officer

Eduardo da Cunha Andrade Maranhão
Chief Financial Officer

Erik Svendsen
Chief Technology Officer

Christopher Bergsland
Shipping Director

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 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "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 target prices for Golar LNG's shares. Their GLNG share price forecasts range from $29.00 to $35.50. On average, they predict the company's stock price to reach $32.88 in the next year. This suggests a possible upside of 51.2% 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 at the beginning of 2023. Since then, GLNG stock has decreased by 4.6% and is now trading at $21.74.
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 Thursday, August 10th 2023.
View our GLNG earnings forecast.
How were Golar LNG's earnings last quarter?: Golar LNG Limited (NASDAQ:GLNG) announced its quarterly earnings data on Wednesday, May, 19th. The shipping company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by $0.11. The shipping company earned $118.34 million during the quarter, compared to the consensus estimate of $109.40 million. Golar LNG had a trailing twelve-month return on equity of 5.91% and a net margin of 218.75%.
How often does Golar LNG pay dividends? What is the dividend yield for Golar LNG?: Golar LNG announced a quarterly dividend on Tuesday, May 30th. Investors of record on Monday, June 12th will be given a dividend of $0.25 per share on Friday, June 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date is Friday, June 9th. This is a positive change from the stock's previous quarterly dividend of $0.15.
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 Global X Guru Index ETF (GURU), iShares Russell 2000 Value ETF (IWN), Vanguard Russell 2000 Value ETF (VTWV), Invesco S&P International Developed Momentum ETF (IDMO),
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 variety of institutional and retail investors. Top institutional investors include Orbis Allan Gray Ltd (8.87%), Rubric Capital Management LP (6.02%), BlackRock Inc. (4.64%), FMR LLC (3.28%), State Street Corp (1.60%) and Pinnacle Associates Ltd. (1.46%).
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 $21.74.
How much money does Golar LNG make?: Golar LNG (NASDAQ:GLNG) has a market capitalization of $2.34 billion and generates $267.74 million in revenue each year. The shipping company earns $787.77 million in net income (profit) each year or $6.70 on an earnings per share basis.
How many employees does Golar LNG have?: The company employs 1,703 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 6/3/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial