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Wednesday, September 27, 2023

Insights Into Golar LNG Limited (GLNG) Exposure By Institutions

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Golar LNG Limited (GLNG) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.78, or -3.41%, to $22.10. The Golar LNG Limited has recorded 24,157 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Golar FLNG Gimi Gastech event and FLNG tour.

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Stocks Info

Golar LNG Limited is listed on the NASDAQ in the Energy sector while operating in the Oil & Gas Midstream industry. At the end of the last regular session, the stock closed at $22.88 and fluctuated between $22.92 as its day high and $22.37 as its day low. The current market capitalization of Golar LNG Limited is $2.34B. A total of 0.78 million shares were traded on the day, compared to an average of 969.83K shares.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Golar LNG Limited pays an annual dividend of $1.00, resulting in a dividend yield of 4.37%, and it has a price to earnings (P/E) ratio of 25.20. GLNG’s most recent ex-dividend date was 8/18/2023 when it declared a $0.25 quarterly dividend that was paid in cash on 8/29/2023. Previously, the company paid the dividend on 6/16/2023 with an ex-dividend date of 6/9/2023. The GLNG stock dividend was $0.25 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for GLNG in the last 3 months, the mean price target is $34.32 with high estimates of $45.00 and low estimates of $28.00. In terms of 52-week highs and lows, GLNG has a high of $28.87 and a low of $19.62.

As of this writing, GLNG has an earnings estimate of $0.47 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.58 per share and a lower estimate of $0.41. The company reported an EPS of $0.25 in the last quarter, which was -69.10% lower than expectations of $0.81.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. GLNG’s latest balance sheet shows that the firm has $268.63M in Cash & Short Term Investments as of fiscal 2021. There were $2.41B in debt and $1.31B in liabilities at the time. Its Book Value Per Share was $19.47, while its Total Shareholder’s Equity was $2.18B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GLNG is Buy with a score of 4.50.

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