For its second fiscal quarter (ending June 30), Golar LNG Ltd (NASDAQ: GLNG) has reported E.P.S. of $0.24 compared to $-0.04 a year ago. E.P.S. were $1.32 for the latest four quarters through June 30 versus $0.94 for the same period a year ago.
Recent Price Action
On 8/15/24, Golar LNG Ltd (NASDAQ: GLNG) stock declined slightly by -0.9%, closing at $33.26. Moreover, trading volume in this decline was above average at 136% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 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 B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Golar LNG has a slightly negative Appreciation Score of 35 but a very high Power Rating of 98, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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