Golar LNG Ltd (NASDAQ: GLNG) has reported earnings for its third fiscal quarter (ending September 30) of $0.86 versus $1.29 for the same period a year ago — a decline of -33%. However, this performance was $0.41 better than the consensus estimate of $0.45. For the latest four quarters through September 30, E.P.S. were $0.51 compared to $7.63 a year ago — a decline of -93%.
Recent Price Action
On 11/21/23, Golar LNG Ltd (NASDAQ: GLNG) stock suffered a very large decline of -5.6%, closing at $20.75. Relative to the market the stock has been strong over the last nine months but has declined -6.7% 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 an important Value Builder.
Golar LNG has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Golar LNG has a neutral Appreciation Score of 59 but a good Power Rating of 75, triggering 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.
Be the first to comment