Golar LNG Ltd (NASDAQ: GLNG) has reported a loss for its fourth fiscal quarter (ending December 31) of $-0.31 versus $0.64 for the same period a year ago — a decline of -148%. This result fell short of the consensus estimate of $0.46 by $-0.77. For the latest four quarters through December 31, E.P.S. were $-0.44 versus $8.09 for the same period a year ago — a decline of -105%.
Recent Price Action
Golar LNG Ltd (NASDAQ: GLNG) stock declined by -4.3% on 2/29/24. The shares closed at $20.29. Moreover, trading volume in this decline was exceptionally high at 416% of normal. The stock has declined -6.0% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
GLNG’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Golar LNG has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Golar LNG has a neutral Power Rating of 53 and a slightly positive Appreciation Score of 65, resulting in the High 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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