On Thursday, shares of Golar LNG Limited (NASDAQ:GLNG) marked $8.21 per share versus a previous $7.32 closing price. With having a 12.16% gain, an insight into the fundamental values of Golar LNG Limited, investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. GLNG showed a fall of -42.26% within its YTD performance, with highs and lows between $4.54 – $15.86 during the period of 52 weeks, compared to the simple moving average of -7.63% in the period of the last 200 days.
Cowen equity researchers changed the status of Golar LNG Limited (NASDAQ: GLNG) shares to a “Outperform” rating in the report published on May 29th, 2020. Other analysts, including DNB Markets, also published their reports on GLNG shares. DNB Markets repeated the rating from the previous report, marking GLNG under “Hold” rating, in the report published on March 9th, 2020. Additionally, GLNG shares got another “Neutral” rating from Goldman, setting a target price of $12.50 on the company’s shares, according to the report published in February 5th, 2020. On December 11th, 2019, Goldman Initiated an Sell rating and increased its price target to $12. On the other hand, Citigroup Downgrade the “Neutral” rating for GLNG shares, as published in the report on October 29th, 2019. Morgan Stanley seems to be going bullish on the price of GLNG shares, based on the price prediction for GLNG, indicating that the shares will jump to $17, giving the shares “Overweight” rating based on their report from September 20th, 2019. Another “Outperform” rating came from Cowen, providing a prediction for $17 price target according to the report published in June 25th, 2019.
[bold-text]Golar LNG Limited (GLNG) Analysis[/bold-text]
The present dividend yield for GLNG owners is set at 0, marking the return investors will get regardless of the company’s performance in the upcoming period. However, in order for the company to be able to pay its dividends, just like it is the case with Golar LNG Limited, the company needs to provide a healthy cash flow, currently at the value of 8.22. In addition, the growth of sales from quarter to quarter is recording 5.70%, hinting the company’s progress in the upcoming progress.
In order to gain a clear insight on the performance of Golar LNG Limited (GLNG) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of -22.90% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at 0.20 so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.
Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while GLNG is currently recording an average of 1.80M in volumes. The volatility of the stock on monthly basis is set at 12.36%, while the weekly volatility levels are marked at 8.12%with 5.39% of gain in the last seven days.
[bold-text]What to Look for When Analyzing Golar LNG Limited Shares?[/bold-text]
Golar LNG Limited (GLNG) is based in the Bermuda and it represents one of the well-known company operating with Energy sector. If you wish to compare GLNG shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of for Golar LNG Limited, while the value 160.98 can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value -3.35 is supported by the yearly EPS growth of 8.40%.
Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 46.50%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts 79.20% of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.
[bold-text]Are Institutional Investors Increasing Stakes in GLNG Shares?[/bold-text]
It appears that more than several institutional investors and hedge funds decided to increase stakes in GLNG in the recent period. That is how Orbis Investment Management Ltd. now has an increase position in GLNG by -0.00% in the first quarter, owning 11.17 million shares of GLNG stocks, with the value of $67.66 million after the purchase of an additional -547 shares during the last quarter. In the meanwhile, Luxor Capital Group LP also increased their stake in GLNG shares changed 61.96% in the first quarter, which means that the company now owns 4.71 million shares of company, all valued at $28.52 million after the acquisition of additional 1,801,993 shares during the last quarter.
BAMCO, Inc. acquired a new position in Golar LNG Limited during the first quarter, with the value of $19.73 million, and Electron Capital Partners LLC increased their stake in the company’s shares by — in the first quarter, now owning 2,852,198 shares valued at $17.27 million after the acquisition of the additional 2.85 million shares during the last quarter. In the end, Goldman Sachs Asset Management LP increased their position by 0.00% during the first quarter, now owning 2.59 million GLNG shares, now holding the value of $15.71 million in GLNG with the purchase of the additional 19,527 shares during the period of the last quarter. At the present, 79.20% of GLNG shares are in the ownership of institutional investors.