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QQQ   325.93 (+2.79%)
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NASDAQ:GLNG

Golar LNG - GLNG Stock Forecast, Price & News

$24.30
+0.18 (+0.75%)
(As of 08/10/2022 12:00 AM ET)
Add
Compare
Today's Range
$23.66
$24.64
50-Day Range
$20.65
$26.52
52-Week Range
$10.01
$27.52
Volume
985,925 shs
Average Volume
1.46 million shs
Market Capitalization
$2.63 billion
P/E Ratio
3.63
Dividend Yield
N/A
Price Target
$26.25

Golar LNG MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
8.0% Upside
$26.25 Price Target
Short Interest
Healthy
2.47% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.40mentions of Golar LNG in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
31.31%
From $0.99 to $1.30 Per Share

Overall MarketRank

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

2.17 out of 5 stars

Transportation Sector

94th out of 125 stocks

Water Transportation Industry

14th out of 19 stocks

GLNG stock logo

About Golar LNG (NASDAQ:GLNG) Stock

Golar LNG Limited designs, builds, owns, and operates marine infrastructure for the liquefaction and regasification of LNG. It operates through Shipping and FLNG segments. The company engages in the operation and chartering of LNG carriers, Floating Liquefaction Natural Gas Vessel (FLNG), and floating storage regasification units (FSRUs), as well as operates external vessels. As of December 31, 2021, it operated nine LNG carriers, one FSRU, and three FLNGs. The company was founded in 1946 and is headquartered in Hamilton, Bermuda.

Analyst Ratings Changes

Several analysts have issued reports on GLNG shares. Jefferies Financial Group started coverage on Golar LNG in a research note on Wednesday, April 27th. They issued a "buy" rating on the stock. B. Riley boosted their price objective on Golar LNG from $28.00 to $33.50 and gave the stock a "buy" rating in a report on Tuesday, May 31st. StockNews.com upgraded Golar LNG from a "sell" rating to a "hold" rating in a research note on Tuesday, June 7th. Finally, Clarkson Capital restated a "buy" rating on shares of Golar LNG in a research report on Tuesday, June 14th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $26.25.

Golar LNG Stock Performance

GLNG traded up $0.18 on Wednesday, hitting $24.30. The company's stock had a trading volume of 985,975 shares, compared to its average volume of 1,462,916. The company's 50 day simple moving average is $22.89 and its 200-day simple moving average is $21.31. The firm has a market cap of $2.63 billion, a P/E ratio of 3.63 and a beta of 0.70. Golar LNG has a 12 month low of $10.01 and a 12 month high of $27.52. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.44.

Golar LNG (NASDAQ:GLNG - Get Rating) last posted its quarterly earnings data on Thursday, May 26th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.09. The company had revenue of $77.27 million during the quarter, compared to the consensus estimate of $92.30 million. Golar LNG had a net margin of 180.59% and a return on equity of 2.21%. Analysts forecast that Golar LNG will post 0.99 EPS for the current year.

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GLNG Stock News Headlines

Golar LNG Limited: 2022 AGM Results Notification
Golar LNG Limited – Q2 2022 results presentation
Cool Company Ltd. – Formation Completed
Is it a Good Choice to Invest in Golar LNG (GLNG)?
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Gas traders rush to secure LNG tankers
4 Analysts Have This to Say About Golar LNG
See More Headlines
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GLNG Company Calendar

Last Earnings
5/26/2022
Today
8/10/2022
Next Earnings (Confirmed)
8/11/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Water transportation
Sub-Industry
Oil & Gas Storage & Transportation
Current Symbol
NASDAQ:GLNG
CUSIP
G9456A10
Employees
1,703
Year Founded
1946

Price Target and Rating

Average Stock Price Forecast
$26.25
High Stock Price Forecast
$33.50
Low Stock Price Forecast
$19.50
Forecasted Upside/Downside
+8.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$413.85 million
Pretax Margin
138.79%

Debt

Sales & Book Value

Annual Sales
$451.77 million
Cash Flow
$2.84 per share
Book Value
$20.12 per share

Miscellaneous

Free Float
108,201,000
Market Cap
$2.63 billion
Optionable
Optionable
Beta
0.70

Social Links


Key Executives

  • Mr. Karl Fredrik Staubo (Age 35)
    Chief Exec. Officer
  • Mr. Eduardo Maranhao (Age 37)
    Chief Financial Officer
  • Mr. Olve Skjeggedal (Age 47)
    Chief Technical Officer of Golar Management Norway
  • Mr. Ragnar Nes (Age 54)
    Chief Operating Officer of Golar Management Norway
  • Mr. Stuart Buchanan
    Head of Investor Relations
  • Mr. Douglas J. Arnell (Age 56)
    Sr. Advisor













GLNG Stock - Frequently Asked Questions

Should I buy or sell Golar LNG stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Golar LNG in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street 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 2022?

5 analysts have issued 12 month price objectives for Golar LNG's stock. Their GLNG share price forecasts range from $19.50 to $33.50. On average, they anticipate the company's share price to reach $26.25 in the next year. This suggests a possible upside of 7.6% 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 2022?

Golar LNG's stock was trading at $12.39 at the beginning of 2022. Since then, GLNG shares have increased by 96.9% and is now trading at $24.39.
View the best growth stocks for 2022 here
.

When is Golar LNG's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 11th 2022.
View our GLNG earnings forecast
.

How can I listen to Golar LNG's earnings call?

Golar LNG will be holding an earnings conference call on Thursday, August 11th at 1:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Golar LNG's earnings last quarter?

Golar LNG Limited (NASDAQ:GLNG) posted its quarterly earnings results on Thursday, May, 26th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.09. The shipping company earned $77.27 million during the quarter, compared to the consensus estimate of $92.30 million. Golar LNG had a net margin of 180.59% and a trailing twelve-month return on equity of 2.21%.

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?

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 investors include Pinnacle Associates Ltd. (1.55%), DnB Asset Management AS (0.52%), Thompson Siegel & Walmsley LLC (0.44%), Hosking Partners LLP (0.35%), Brightline Capital Management LLC (0.31%) and Private Advisor Group LLC (0.08%).

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 $24.39.

How much money does Golar LNG make?

Golar LNG (NASDAQ:GLNG) has a market capitalization of $2.64 billion and generates $451.77 million in revenue each year. The shipping company earns $413.85 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

When was Golar LNG founded?

Golar LNG was founded in 1946.

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 8/10/2022 by MarketBeat.com Staff

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