Golar LNG (GLNG) Stock Surges Over 5% Amid Strong Buy Recommendations

Author's Avatar
Dec 05, 2024
Article's Main Image

Golar LNG (GLNG, Financial) experienced a significant stock price increase of 5.08%, reaching $42.61 with a trading volume of 1.54 million shares and a turnover rate of 1.48%. The company's latest financial report shows a revenue of $64.81 million, a net loss of $34.78 million, and an EPS of -$0.33. The gross profit was $18.57 million, with a P/E ratio of 326.99.

Among 12 rating institutions, 92% recommend buying GLNG, while 8% suggest holding. The oil and gas midstream industry, where Golar LNG operates, saw an overall increase of 1.41%. Notable stocks in this sector include Golar LNG, Excelerate Energy, Inc., and Permian Basin Royalty Trust.

Golar LNG is a midstream LNG company involved in transportation, regasification, liquefaction, and trading, with its FLNG segment generating the most revenue.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.