Golar Lng (NASDAQ: GLNG) closed the day trading at $23.79 up 1.15% from the previous closing price of $23.52. In other words, the price has increased by $+0.27 from its previous closing price. On the day, 573487 shares were traded. GLNG stock price reached its highest trading level at $23.79 during the session, while it also had its lowest trading level at $23.47.
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Ratios:
For a better understanding of GLNG, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.95 and its Current Ratio is at 1.49. In the meantime, Its Debt-to-Equity ratio is 0.59 whereas as Long-Term Debt/Eq ratio is at 0.42.
BofA Securities Upgraded its Neutral to Buy on September 29, 2022, whereas the target price for the stock was revised from $23 to $29.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GLNG now has a Market Capitalization of 2.49B and an Enterprise Value of 2.95B. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.35 while its Price-to-Book (P/B) ratio in mrq is 1.20. Its current Enterprise Value per Revenue stands at 10.60 whereas that against EBITDA is 20.70.
Stock Price History:
Over the past 52 weeks, GLNG has reached a high of $25.06, while it has fallen to a 52-week low of $19.62. The 50-Day Moving Average of the stock is 22.09, while the 200-Day Moving Average is calculated to be 22.46.
Shares Statistics:
Over the past 3-months, GLNG traded about 1.19M shares per day on average, while over the past 10 days, GLNG traded about 1.26M shares per day. A total of 104.60M shares are outstanding, with a floating share count of 97.81M. Insiders hold about 6.67% of the company’s shares, while institutions hold 77.97% stake in the company. Shares short for GLNG as of Feb 29, 2024 were 3.41M with a Short Ratio of 2.51, compared to 3.14M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.26% and a Short% of Float of 3.49%.
Dividends & Splits
GLNG’s forward annual dividend rate is 1.00, up from 1.00 a year ago. Against a Trailing Annual Dividend Yield of 4.25%, it implies a Forward Annual Dividend Yield of 4.20%. The stock’s 5-year Average Dividend Yield is 3.03.
Earnings Estimates
Current recommendations for the stock of the company come from 3 analysts. On average, analysts expect EPS of $0.34 for the current quarter, with a high estimate of $0.38 and a low estimate of $0.29, while EPS last year was $0.79. The consensus estimate for the next quarter is $0.34, with high estimates of $0.37 and low estimates of $0.28.
Analysts are recommending an EPS of between $2.42 and $1.32 for the fiscal current year, implying an average EPS of $1.71. EPS for the following year is $1.69, with 7 analysts recommending between $2.25 and $0.92.
Revenue Estimates
3 analysts predict $79.19M in revenue for the current quarter. It ranges from a high estimate of $94M to a low estimate of $64.31M. As of the current estimate, Golar Lng’s year-ago sales were $81.17M, an estimated decrease of -2.40% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $78.73M, an increase of 1.50% over than the figure of -$2.40% in the same quarter last year. There is a high estimate of $95M for the next quarter, whereas the lowest estimate is $61.93M.
A total of 7 analysts have provided revenue estimates for GLNG’s current fiscal year. The highest revenue estimate was $473M, while the lowest revenue estimate was $245.2M, resulting in an average revenue estimate of $361.02M. In the same quarter a year ago, actual revenue was $298.43M, up 21.00% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $469.81M in the next fiscal year. The high estimate is $593M and the low estimate is $318.5M. The average revenue growth estimate for next year is up 30.10% from the average revenue estimate for this year.
