Don’t Let Recent momentum Confuse Your Outlook on Golar LNG Limited [GLNG]

Golar LNG Limited [GLNG] stock is down -8.27 while the S&P 500 has risen 0.26% on Wednesday, 12/02/20. While at the time of this article, GLNG ATR is sitting at 0.77, with the beta value at 1.06. This stock’s volatility for the past week remained at 9.98%, while it was 7.73% for the past 30-day period. GLNG has fallen -$0.78 from the previous closing price of $9.38 on volume of 2.96 million shares.

On 3, December 2020, Golar LNG Limited Successfully Prices Public Follow-On Offering of its Common Shares. According to news published on Yahoo Finance, Hamilton, Bermuda – December 3, 2020 – Golar LNG Limited (NASDAQ: GLNG) announced today the pricing of its previously announced underwritten public offering (the “Offering”) of 11,000,000 shares of its common stock, at a public offering price of $8.75 per share. The Company granted the underwriters a 30 day option to purchase up to an additional 1,650,000 common shares. The Company intends to use the net proceeds from the Offering to partially repay the Term Loan facility, to repay the Margin Loan Facility in full and to use any remaining funds for general corporate purposes, which may include, among other things, capital expenditures, repaying other indebtedness, funding working capital or investments. The Offering is scheduled to close on December 7, 2020.

Analyst Birdseye View:

The most recent analyst activity for Golar LNG Limited [NASDAQ:GLNG] stock was on March 09, 2020, when it was Downgrade with a Hold rating from DNB Markets, which also raised its 12-month price target on the stock to $19. Before that, on May 29, 2020, Cowen Recapitulated an Outperform rating and elevated its amount target to $11. On February 05, 2020, Goldman Upgrade a Neutral rating and boosted its price target on this stock to $12.50. On December 11, 2019, Goldman Initiated a Sell rating and increased its price target to $12. On October 29, 2019, Citigroup Downgrade a Neutral rating. On September 20, 2019, Morgan Stanley Resumed an Overweight rating and boosted its amount on this stock to $17. On June 25, 2019, Cowen Reiterated an Outperform rating and decreased its target amount on this stock from $30 to $22. On March 04, 2019, Cowen Reiterated an Outperform rating and improved its amount target to $30.

In the past 52 weeks of trading, this stock has oscillated between a low of $4.54 and a peak of $15.24. Right now, according to Wall Street analyst the average 12-month amount target is $16.13. At the most recent market close, shares of Golar LNG Limited [NASDAQ:GLNG] were valued at $8.60. According to the average price forecast, investors can expect a potential return of 2.69%.

FUNDAMENTAL ANALYSIS

Golar LNG Limited [NASDAQ:GLNG] most recently reported quarterly sales of 102.24 billion, which represented growth of 5.70%. This company’s Gross Margin is currently 72.30%, its Operating Margin is 22.60%, its Pretax Margin is -16.84, and its Net Margin is -47.23. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -4.49, -13.07, 2.73 and -6.64 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 62.95 and the whole liability to whole assets at 54.96. It shows enduring liability to the whole principal at 32.17 and enduring liability to assets at 0.28 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 8.71 points at 1st support level, the second support level is making up to 8.05. But as of 1st resistance point, this stock is sitting at 9.77 and at 10.17 for 2nd resistance point.

Golar LNG Limited [GLNG] reported its earnings at -$0.17 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.1/share signifying the difference of -0.07 and -70.00% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.13 calling estimates for -$0.08/share with the difference of -0.05 depicting the surprise of -62.50%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Golar LNG Limited [NASDAQ:GLNG] is 0.20. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.23. Now if looking for a valuation of this stock’s amount to sales ratio it’s 3.19 and it’s amount to book ratio is 0.94.