We Just Learned Something New About Golar LNG Limited (NASDAQ: GLNG) This Week With Its -3.92% Loss – Marketing Sentinel
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We Just Learned Something New About Golar LNG Limited (NASDAQ: GLNG) This Week With Its -3.92% Loss

During the last session, Golar LNG Limited (NASDAQ:GLNG)’s traded shares were 0.99 million, with the beta value of the company hitting 0.76. At the end of the trading day, the stock’s price was $22.07, reflecting an intraday loss of -5.88% or -$1.38. The 52-week high for the GLNG share is $27.52, that puts it down -24.69 from that peak though still a striking 54.64% gain since the share price plummeted to a 52-week low of $10.01. The company’s market capitalization is $2.45B, and the average intraday trading volume over the past 10 days was 1.7 million shares, and the average trade volume was 1.76 million shares over the past three months.

Golar LNG Limited (GLNG) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 2.00. GLNG has a Sell rating from 0 analyst(s) out of 12 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 11 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.28.

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Golar LNG Limited (NASDAQ:GLNG) trade information

Golar LNG Limited (GLNG) registered a -5.88% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -5.88% in intraday trading to $22.07 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is -3.92%, and it has moved by -6.68% in 30 days. Based on these gigs, the overall price performance for the year is 67.32%. The short interest in Golar LNG Limited (NASDAQ:GLNG) is 1.63 million shares and it means that shorts have 1.03 day(s) to cover.

The consensus price target of analysts on Wall Street is $30.54, which implies an increase of 27.73% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $10.00 and $39.00 respectively. As a result, GLNG is trading at a discount of -76.71% off the target high and 54.69% off the low.

Golar LNG Limited (GLNG) estimates and forecasts

Statistics show that Golar LNG Limited has underperformed its competitors in share price, compared to the industry in which it operates. Golar LNG Limited (GLNG) shares have gone up 94.79% during the last six months, with a year-to-date growth rate less than the industry average at -55.15% against 18.90. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 450.00% this quarter and then drop -90.90% in the quarter after that. In the rating firms’ projections, revenue will decrease -4.60% compared to the previous financial year.

Revenue for the current quarter is expected to be $113.14 million as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to $97.36 million by the end of Jun 2022.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 6.40%. While earnings are projected to return -41.60% in 2022, the next five years will return 4.00% per annum.

GLNG Dividends

Golar LNG Limited is due to release its next quarterly earnings between February 23 and February 28. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Golar LNG Limited (NASDAQ:GLNG)’s Major holders

Golar LNG Limited insiders own 12.15% of total outstanding shares while institutional holders control 74.27%, with the float percentage being 84.55%. Orbis Allan Gray Ltd is the largest shareholder of the company, while 249 institutions own stock in it. As of Dec 30, 2021, the company held over 11.75 million shares (or 10.85% of all shares), a total value of $145.55 million in shares.

The next largest institutional holding, with 6.8 million shares, is of Rubric Capital Management LP’s that is approximately 6.28% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $84.25 million.

Also, the Mutual Funds coming in first place with the largest holdings of Golar LNG Limited (GLNG) shares are iShares Russell 2000 ETF and Fidelity Mid-Cap Stock Fund. Data provided on Jan 30, 2022 indicates that iShares Russell 2000 ETF owns about 2.31 million shares. This amounts to just over 2.14 percent of the company’s overall shares, with a $33.21 million market value. The same data shows that the other fund manager holds slightly less at 1.78 million, or about 1.64% of the stock, which is worth about $30.97 million.

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