The stock of Golar LNG Limited (NASDAQ:GLNG) last traded at $23.51, up 2.66% from the previous session.
GLNG stock price is now 9.35% away from the 50-day moving average and 2.26% away from the 200-day moving average. The market capitalization of the company currently stands at $2.41B.
With the price target enhanced from $23 to $29, BofA Securities Upgraded its rating from Neutral to Buy for Golar LNG Limited (NASDAQ: GLNG).
A total of 46.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GLNG stock. A new stake in Golar LNG Limited shares was purchased by HOUND PARTNERS, LLC during the first quarter worth $31,390,000. CLEAR SKY ADVISERS, LLC invested $6,952,000 in shares of GLNG during the first quarter. In the first quarter, WEXFORD CAPITAL LP acquired a new stake in Golar LNG Limited valued at approximately $3,298,000. ICON ADVISERS INC/CO acquired a new stake in GLNG for approximately $3,056,000. BOOTHBAY FUND MANAGEMENT, LLC purchased a new stake in GLNG valued at around $2,133,000 in the second quarter. In total, there are 309 active investors with 75.20% ownership of the company’s stock.
With an opening price of $23.15 on Wednesday morning, Golar LNG Limited (NASDAQ: GLNG) set off the trading day. During the past 12 months, Golar LNG Limited has had a low of $19.62 and a high of $30.66. According to the stock market information, the enterprise value for the company is $2.81B, which is based on a 11.89 price-to-earnings ratio, a 2.97 price-to-earnings-growth ratio, and a beta of 0.68. The fifty day moving average price for GLNG is $21.51 and a two-hundred day moving average price translates $22.98 for the stock.
The latest earnings results from Golar LNG Limited (NASDAQ: GLNG) was released for Mar, 2023. According to the Oil & Gas Midstream Company, earnings per share came in at $0.25, missing analysts’ expectations of $0.81 by -0.56. This compares to -$1.93 EPS in the same period last year. The company reported revenue of $73.97 million for the quarter, compared to $72.94 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.41 percent. For the current quarter, analysts expect GLNG to generate $73.67M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/16/2023. Investors who held shares on 06/12/2023 were paid a $0.25 dividend. On an annualized basis, this represents a $1.00 dividend and a 4.25% percent yield. There was an ex-dividend date of 06/09/2023 for this dividend.
Golar LNG Limited(GLNG) Company Profile
Golar LNG Limited designs, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It also engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels; operation of the transportation of LNG carriers; and vessel management. The company was founded in 1946 and is headquartered in Hamilton, Bermuda.
