Golar LNG Ltd (NASDAQ: GLNG) has reported E.P.S. of $0.52 for its first fiscal quarter (ending March 31) versus $-0.95 for the same period a year ago. E.P.S. were $1.03 for the latest four quarters through March 31 versus $1.93 for the same period a year ago.
Recent Price Action
On 5/28/24, Golar LNG Ltd (NASDAQ: GLNG) stock declined by -3.6%, closing at $25.91. Moreover, this decline was accompanied by exceptionally high trading volume at 221% of normal. The stock has performed in line with the market over the last nine months and has declined -3.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, GLNG is expected to continue to be a Value Builder.
Golar LNG has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Golar LNG has a neutral Appreciation Score of 44 and a slightly positive Power Rating of 60, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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