Stock Rating Downgrade
The Value Trend Rating for Golar LNG Ltd (NASDAQ: GLNG) weakened of late from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Golar LNG Ltd (NASDAQ: GLNG) stock increased 1.2% on 3/18/24. The shares closed at $23.83. Moreover, this advance was accompanied by above average trading volume at 123% of normal. The stock has performed in line with the market over the last nine months and has risen 12.2% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, GLNG 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 Appreciation Score of 58 and a slightly positive Power Rating of 63, and the High Neutral Value Trend Rating results.
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