NASDAQ:GLNG

Golar LNG - GLNG Stock Forecast, Price & News

$24.96

-0.10 (-0.40%)

(As of 12/2/2022 09:00 PM ET)

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Today's Range: $24.35
▼
$24.97
50-Day Range: $22.87
▼
$27.82
52-Week Range: $10.79
▼
$30.66

Volume: 1.02 million shs
Average Volume: 1.42 million shs
Market Capitalization: $2.70 billion

P/E Ratio: 5.49
Dividend Yield: N/A
Price Target: $29.90

Golar LNG MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 19.8% Upside
$29.90 Price Target
Short Interest: Healthy
2.46% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.34
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 126.98%
From $0.63 to $1.43 Per Share

Overall MarketRank^™

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

2.52 out of 5 stars

Transportation Sector

24th out of 123 stocks

Water Transportation Industry

4th out of 17 stocks

2.5

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 6 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $29.90, Golar LNG has a forecasted upside of 19.8% from its current price of $24.96.
Amount of Analyst Coverage
Golar LNG has only been the subject of 3 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
2.46% 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 1.8, 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 1.21%, 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.

2.0

News and Social Media Coverage

News Sentiment
Golar LNG has a news sentiment score of -0.34. 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 0.33 average news sentiment score of Transportation companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Golar LNG this week, compared to 2 articles on an average week.
Search Interest
32 people have searched for GLNG on MarketBeat in the last 30 days. This is an increase of 146% compared to the previous 30 days.
MarketBeat Follows
10 people have added Golar LNG to their MarketBeat watchlist in the last 30 days. This is an increase 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
70.93% 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 126.98% in the coming year, from $0.63 to $1.43 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Golar LNG is 5.49, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.33.
Price to Earnings Ratio vs. Sector
The P/E ratio of Golar LNG is 5.49, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 25.22.
Price to Book Value per Share Ratio
Golar LNG has a P/B Ratio of 0.95. 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, 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.

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GLNG Stock News Headlines

December 5, 2022 | finance.yahoo.com

Golar LNG Limited – Contemplated buy-back of bonds

December 1, 2022 | americanbankingnews.com

Golar LNG Limited (NASDAQ:GLNG) Receives Consensus Rating of "Moderate Buy" from Brokerages

November 30, 2022 | finance.yahoo.com

Golar LNG (GLNG) Gains But Lags Market: What You Should Know

November 21, 2022 | nasdaq.com

Golar LNG Breaks Below 200-Day Moving Average - Notable for GLNG

November 20, 2022 | seekingalpha.com

Golar LNG: Don't Sweat The Revenue Miss, Company Is Well-Positioned For Growth

November 16, 2022 | msn.com

A Preview Of Golar LNG's Earnings

November 16, 2022 | seekingalpha.com

Golar LNG Limited (GLNG) Q3 2022 Earnings Call Transcript

November 16, 2022 | finance.yahoo.com

Interim results for the period ended September 30, 2022

November 9, 2022 | finance.yahoo.com

What's in the Cards for Golar LNG (GLNG) in Q3 Earnings?

November 3, 2022 | finance.yahoo.com

Here's Why "Trend" Investors Would Love Betting on Golar LNG (GLNG)

November 3, 2022 | finance.yahoo.com

Golar sale of approximately $100 million of shares in CoolCo

October 29, 2022 | finance.yahoo.com

Cheniere Energy Leads 5 LNG Stocks Near Buy Points

October 27, 2022 | seekingalpha.com

Golar LNG: Floating LNG Growth Is Around The Corner

October 24, 2022 | finance.yahoo.com

Golar LNG Limited – Q3 2022 results presentation

September 29, 2022 | finance.yahoo.com

Golar LNG (GLNG) Stock Moves -0.28%: What You Should Know

September 29, 2022 | marketwatch.com

Golar LNG upgraded to buy from neutral at BofA Securities

September 21, 2022 | finance.yahoo.com

Golar LNG (GLNG) Stock Moves -0.58%: What You Should Know

September 14, 2022 | uk.finance.yahoo.com

This unknown company helps to break Putin’s gas blockade – very profitably indeed

September 2, 2022 | finance.yahoo.com

Golar enters into swap arrangements for Q4 2022 and 2023 Dutch Title Transfer Facility exposure

September 2, 2022 | finance.yahoo.com

Is the Options Market Predicting a Spike in Golar LNG (GLNG) Stock?

September 1, 2022 | finance.yahoo.com

4 Shipping Stocks to Capitalize on Rosy Industry Prospects

August 29, 2022 | finance.yahoo.com

Are Transportation Stocks Lagging Covenant Logistics Group (CVLG) This Year?

August 26, 2022 | finance.yahoo.com

Golar LNG Limited (GLNG) Soars to 52-Week High, Time to Cash Out?

August 24, 2022 | finance.yahoo.com

Golar enters into swap arrangements for 50% of 2024 Dutch Title Transfer Facility exposure

August 16, 2022 | finance.yahoo.com

Golar LNG (GLNG) Stock Rallies Post Q2 Earnings Beat

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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GLNG Company Calendar

Last Earnings: 5/19/2021
Today: 12/05/2022
Fiscal Year End: 12/31/2022

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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: 1,703
Year Founded: 1946

Price Target and Rating

Average Stock Price Forecast: $29.90
High Stock Price Forecast: $35.50
Low Stock Price Forecast: $22.00
Forecasted Upside/Downside: +19.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.55
Trailing P/E Ratio: 5.49
Forward P/E Ratio: 39.62
P/E Growth: N/A
Net Income: $413.85 million
Net Margins: 133.25%
Pretax Margin: 213.40%
Return on Equity: 4.28%
Return on Assets: 2.17%

Debt

Debt-to-Equity Ratio: 0.35
Current Ratio: 2.57
Quick Ratio: 2.51

Sales & Book Value

Annual Sales: $451.77 million
Price / Sales: 5.98
Cash Flow: $2.66 per share
Price / Cash Flow: 9.39
Book Value: $26.20 per share
Price / Book: 0.95

Miscellaneous

Outstanding Shares: 108,223,000
Free Float: 108,201,000
Market Cap: $2.70 billion
Optionable: Optionable
Beta: 0.61

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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

GLNG Stock - Frequently Asked Questions

Should I buy or sell Golar LNG stock right now?: 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Golar LNG in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street 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?: 6 brokerages have issued 12 month price targets for Golar LNG's shares. Their GLNG share price forecasts range from $22.00 to $35.50. On average, they anticipate the company's stock price to reach $29.90 in the next twelve months. This suggests a possible upside of 19.8% 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 the year. Since then, GLNG stock has increased by 101.5% and is now trading at $24.96.
View the best growth stocks for 2022 here.
How were Golar LNG's earnings last quarter?: Golar LNG Limited (NASDAQ:GLNG) announced its earnings results on Wednesday, May, 19th. The shipping company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by $0.11. The shipping company had revenue of $118.34 million for the quarter, compared to the consensus estimate of $109.40 million. Golar LNG had a net margin of 133.25% and a trailing twelve-month return on equity of 4.28%.
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 Rubric Capital Management LP (5.87%), BlackRock Inc. (4.75%), Bain Capital Credit LP (2.30%), Philosophy Capital Management LLC (1.55%), State Street Corp (1.52%) and Pinnacle Associates Ltd. (1.51%).
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 $24.96.
How much money does Golar LNG make?: Golar LNG (NASDAQ:GLNG) has a market capitalization of $2.70 billion and generates $451.77 million in revenue each year. The shipping company earns $413.85 million in net income (profit) each year or $4.55 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.
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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 12/5/2022 by MarketBeat.com Staff

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