Golar Lng [NASDAQ: GLNG] gained 4.27% on the last trading session, reaching $42.28 price per share at the time.
If compared to the average trading volume of 1.22M shares, GLNG reached a trading volume of 2862263 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying 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 $45.90 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 1.25. 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 1.36, with the Price to Sales ratio for GLNG stock in the period of the last 12 months amounting to 16.13. The Price to Book ratio for the last quarter was 2.17, with the Price to Cash per share for the same quarter was set at 7.17.
Trading performance analysis for GLNG stock
Golar Lng [GLNG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.61. With this latest performance, GLNG shares gained by 15.96% in over the last four-week period, additionally plugging by 58.17% over the last 6 months – not to mention a rise of 101.62% 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 69.22, with the RSI for the last a single of trading hit 74.91, and the three-weeks RSI is set at 65.83 for Golar Lng [GLNG]. The present Moving Average for the last 50 days of trading for this stock 37.69, while it was recorded at 40.36 for the last single week of trading, and 30.82 for the last 200 days.
Golar Lng [GLNG]: A deeper dive into fundamental analysis
Golar Lng’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.55 and a Current Ratio set at 1.55.
Golar Lng [GLNG]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Golar Lng posted 0.93/share EPS, while the average EPS was predicted by analysts to be reported at 0.46/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.47. 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.
An analysis of Institutional ownership at Golar Lng [GLNG]
The top three institutional holders of GLNG stocks are: RUBRIC CAPITAL MANAGEMENT LP with ownership of 6.54 million shares, which is approximately 6.2496%. BLACKROCK INC., holding 5.22 million shares of the stock with an approximate value of $$163.79 million in GLNG stocks shares; and BLACKROCK INC., currently with $$153.62 million in GLNG stock with ownership which is approximately 4.686%.
