Golar Lng [NASDAQ: GLNG] plunged by -$0.92 during the normal trading session on while it closed the day at $20.29. The company report on February 29, 2024 at 5:50 AM that Key information relating to the cash dividend to be paid by Golar LNG Limited.
Reference is made to the fourth quarter 2023 report released on February 29, 2024. Golar LNG Limited (“Golar”), NASDAQ ticker: GLNG, has declared a total dividend of $0.25 per share to be paid on or around March 20, 2024. The record date will be March 12, 2024. Due to the implementation of the Central Securities Depository Regulation (“CSDR”), please note the information below on the payment date for the small number of Golar shares registered in Norway’s central securities depository (“VPS”):.
Golar Lng stock has also loss -5.54% of its value over the past 7 days. However, GLNG stock has declined by -6.28% in the 3 months of the year. Over the past six months meanwhile, it has lost -7.10% and lost -11.74% year-on date.
The market cap for GLNG stock reached $2.13 billion, with 107.23 million shares outstanding and 97.81 million shares in the current float. Compared to the average trading volume of 945.76K shares, GLNG reached a trading volume of 4041677 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Golar Lng [GLNG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GLNG shares is $31.12 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GLNG stock is a recommendation set at 1.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Citigroup have made an estimate for Golar Lng shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 25, 2023. The new note on the price target was released on August 16, 2023, representing the official price target for Golar Lng stock. Previously, the target price had yet another raise from $23 to $29, while BofA Securities kept a Buy rating on GLNG stock.
The Average True Range (ATR) for Golar Lng is set at 0.54, with the Price to Sales ratio for GLNG stock in the period of the last 12 months amounting to 7.65. The Price to Book ratio for the last quarter was 1.00, with the Price to Cash per share for the same quarter was set at 7.50. Price to Free Cash Flow for GLNG in the course of the last twelve months was 251.94 with Quick ratio for the last quarter at 1.95.
GLNG stock trade performance evaluation
Golar Lng [GLNG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.54. With this latest performance, GLNG shares dropped by -10.06% in over the last four-week period, additionally sinking by -7.10% over the last 6 months – not to mention a drop of -11.13% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GLNG stock in for the last two-week period is set at 32.61, with the RSI for the last a single of trading hit 26.99, and the three-weeks RSI is set at 36.34 for Golar Lng [GLNG]. The present Moving Average for the last 50 days of trading for this stock 22.13, while it was recorded at 21.01 for the last single week of trading, and 22.36 for the last 200 days.
Golar Lng [GLNG]: An insightful look at the core fundamentals
Golar Lng’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.95 and a Current Ratio set at 1.95.
Earnings per share (EPS) analysis for Golar Lng [GLNG] stock
With the latest financial reports released by the company, Golar Lng posted 0.64/share EPS, while the average EPS was predicted by analysts to be reported at 0.55/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 16.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GLNG.
Golar Lng [GLNG]: Institutional Ownership
The top three institutional holders of GLNG stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in GLNG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in GLNG stock with ownership which is approximately 5.8325%.
