Golar Lng (NASDAQ: GLNG) closed the day trading at $20.29 down -4.34% from the previous closing price of $21.21. In other words, the price has decreased by -$0.92 from its previous closing price. On the day, 4041677 shares were traded. GLNG stock price reached its highest trading level at $21.76 during the session, while it also had its lowest trading level at $19.94.
Ratios:
For a better understanding of GLNG, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.71 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 251.94. For the most recent quarter (mrq), Quick Ratio is recorded 1.95 and its Current Ratio is at 1.95. In the meantime, Its Debt-to-Equity ratio is 0.55 whereas as Long-Term Debt/Eq ratio is at 0.39.
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 2.22B and an Enterprise Value of 2.68B. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.65 while its Price-to-Book (P/B) ratio in mrq is 1.00. Its current Enterprise Value per Revenue stands at 9.65 whereas that against EBITDA is 18.84.
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 22.16, while the 200-Day Moving Average is calculated to be 22.37.
Shares Statistics:
Over the past 3-months, GLNG traded about 945.76K shares per day on average, while over the past 10 days, GLNG traded about 774.01k shares per day. A total of 107.23M 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 15, 2024 were 3.31M with a Short Ratio of 3.50, compared to 2.33M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.16% and a Short% of Float of 3.39%.
Dividends & Splits
GLNG’s forward annual dividend rate is 0.75, up from 0.75 a year ago. Against a Trailing Annual Dividend Yield of 3.54%, it implies a Forward Annual Dividend Yield of 4.71%. The stock’s 5-year Average Dividend Yield is 3.03.
Earnings Estimates
Current recommendations for the stock of the company come from 7 analysts. On average, analysts expect EPS of $0.47 for the current quarter, with a high estimate of $0.53 and a low estimate of $0.32, while EPS last year was $0.64. The consensus estimate for the next quarter is $0.36, with high estimates of $0.42 and low estimates of $0.24.
Analysts are recommending an EPS of between $2.75 and $2.15 for the fiscal current year, implying an average EPS of $2.4. EPS for the following year is $1.85, with 9 analysts recommending between $2.42 and $1.29.
Revenue Estimates
6 analysts predict $79.18M in revenue for the current quarter. It ranges from a high estimate of $110M to a low estimate of $61.83M. As of the current estimate, Golar Lng’s year-ago sales were $59.14M, an estimated increase of 33.90% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $95.7M, an increase of 17.90% less than the figure of $33.90% in the same quarter last year. There is a high estimate of $106.49M for the next quarter, whereas the lowest estimate is $81.62M.
A total of 8 analysts have provided revenue estimates for GLNG’s current fiscal year. The highest revenue estimate was $485M, while the lowest revenue estimate was $279.43M, resulting in an average revenue estimate of $315.08M. In the same quarter a year ago, actual revenue was $267.74M, up 17.70% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $438.14M in the next fiscal year. The high estimate is $596M and the low estimate is $268.3M. The average revenue growth estimate for next year is up 39.10% from the average revenue estimate for this year.
