Golar LNG Limited [GLNG] stock is trading at $23.85, up 0.34%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The GLNG shares have gain 2.71% over the last week, with a monthly amount glided 7.43%, and seem to be holding up well over a long-time horizon.
On 23, August 2023, Golar FLNG Gimi Gastech event and FLNG tour. In a post published today on Yahoo Finance, Golar LNG Limited (“Golar” or “the Company”) announces today that it will be hosting a presentation and FLNG Gimi vessel tour at Singapore’s Seatrium Benoi Yard on September 6, 2023 coinciding with Gastech 2023 and ahead of FLNG Gimi’s expected yard departure. Shareholders, analysts and other interested stakeholders are invited to join senior management in Singapore for this unique opportunity to learn more about Golar’s impressive second FLNG vessel ahead of her departure for the Greater Tortue Ahmeyim project.
From an analyst’s perspective:
Golar LNG Limited [NASDAQ: GLNG] stock has seen the most recent analyst activity on August 16, 2023, when Wolfe Research downgraded its rating to a Peer Perform.
Golar LNG Limited [GLNG] stock has fluctuated between $19.62 and $28.47 over the past year. Currently, Wall Street analysts expect the stock to reach $34.25 within the next 12 months. Golar LNG Limited [NASDAQ: GLNG] shares were valued at $23.85 at the most recent close of the market. An investor can expect a potential return of 43.61% based on the average GLNG price forecast.
Analyzing the GLNG fundamentals
Golar LNG Limited [NASDAQ:GLNG] reported sales of 77.53 billion for the most recent quarter, which represents a growth of 28.10%. In the same period, the company’s revenue per employee was $546,408, whereas its income per employee was $1,780,467. Gross Margin for this corporation currently stands at +52.58% with Operating Margin at +35.36%, Pretax Margin comes in at +372.01%, and Net Margin reading is +325.85%. To continue investigating profitability, this company’s Return on Assets is posted at 18.91, Equity is 41.24, Total Capital is 2.18, and Invested Capital is 27.07. Taking a look at the Principal structure of this organization reveals enduring liabilities to the total capital at 32.33 and enduring liabilities to the whole assets at 27.91.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 23.62 points at the first support level, and at 23.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.09, and for the 2nd resistance point, it is at 24.32.
Golar LNG Limited [GLNG] reported earnings per share of $0.57 for its fiscal quarter that ended on 6/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.49/share, meaning a difference of $0.08 and a surprise factor of 16.30%. By comparison, the stated earnings for the previous quarter ended on 3/30/2023 were $0.25 per share as compared to estimates of $0.81 per share, a difference of -$0.56 representing a surprise of -69.10%.
Ratios To Look Out For
For context, Golar LNG Limited’s Current Ratio is 2.20. Further, the Quick Ratio stands at 3.04, while the Cash Ratio is 2.72. Considering the valuation of this stock, the price to sales ratio is 9.24, the price to book ratio is 0.98 and the P/E (TTM) ratio is 26.27.