Extremely important negative changes in investment behavior have recently occurred for Golar LNG Ltd (NASDAQ: GLNG): negative upside/downside volume developed, and its shorter term price trend turned down.
Golar LNG Ltd (NASDAQ: GLNG). Important negative changes in fundamentals have recently occurred: the consensus estimate for December, 2024 decreased significantly, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Golar LNG has a neutral Appreciation Score of 41 but a very high Power Rating of 99, and the Positive Value Trend Rating results.
Recent Price Action
Golar LNG Ltd (NASDAQ: GLNG) stock rose modestly by 0.9% on 9/12/24. The stock closed at $31.44. NORMAL trading volume accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months but has declined -1.7% during the last week.
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