Golar Lng (NASDAQ:GLNG) Shares Surges 6.67% In A Week – But Can It Keep Rising?

NOVA

In last trading session, Golar Lng (NASDAQ:GLNG) saw 1.29 million shares changing hands with its beta currently measuring 0.61. Company’s recent per share price level of $39.51 trading at $0.65 or 1.67% at ring of the bell on the day assigns it a market valuation of $4.13B. That closing price of GLNG’s stock is at a discount of -12.28% from its 52-week high price of $44.36 and is indicating a premium of 38.19% from its 52-week low price of $24.42. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.9 million shares which gives us an average trading volume of 1.75 million if we extend that period to 3-months.

For Golar Lng (GLNG), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.2 in the current quarter.

Golar Lng (NASDAQ:GLNG) trade information

Upright in the green during last session for gaining 1.67%, in the last five days GLNG remained trading in the green while hitting it’s week-highest on Tuesday, 04/22/25 when the stock touched $39.51 price level, adding 3.26% to its value on the day. Golar Lng’s shares saw a change of -6.64% in year-to-date performance and have moved 6.67% in past 5-day. Golar Lng (NASDAQ:GLNG) showed a performance of -2.85% in past 30-days. Number of shares sold short was 5.68 million shares which calculate 2.42 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 49 to the stock, which implies a rise of 19.37% to its current value. Analysts have been projecting 44.5 as a low price target for the stock while placing it at a high target of 56. It follows that stock’s current price would drop -12.63% in reaching the projected high whereas dropping to the targeted low would mean a loss of -12.63% for stock’s current value.

Golar Lng (GLNG) estimates and forecasts

This year revenue growth is estimated to rise 62.01% from the last financial year’s standing.

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 64.9M for the same. And 3 analysts are in estimates of company making revenue of 98.79M in the next quarter. Company posted 64.96M and 64.69M of sales in current and next quarters respectively a year earlier.

In 2025, company’s earnings growth rate is likely to be around -6.88% while estimates for its earnings growth in next 5 years are of -8.30%.

GLNG Dividends

Golar Lng is more likely to be releasing its next quarterly report on 2025-Feb-26 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 2.53%, the share has a forward dividend of 1.00 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 3.03%.

Golar Lng (NASDAQ:GLNG)’s Major holders

Insiders are in possession of 5.57% of company’s total shares while institution are holding 86.35 percent of that, with stock having share float percentage of 91.44%. Investors also watch the number of corporate investors in a company very closely, which is 86.35% institutions for Golar Lng that are currently holding shares of the company. RUBRIC CAPITAL MANAGEMENT LP is the top institutional holder at GLNG for having 6.54 million shares of worth $204.87 million. And as of 2024-06-30, it was holding 6.2837 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 5.22 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.0237 of outstanding shares, having a total worth of $163.79 million.

On the other hand, iShares Trust-iShares Russell 2000 ETF and Fidelity Salem Street Trust-Fidelity Small Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Mar 31, 2025 , the former fund manager was holding 2.6 shares of worth $102.55 million or 2.48% of the total outstanding shares. The later fund manager was in possession of 976.68 shares on Jan 31, 2025 , making its stake of worth around $38.59 million in the company or a holder of 0.93% of company’s stock.