Golar LNG Limited (NASDAQ:GLNG) has tumbled 6.59% during the past week and has dropped 8.53% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 5.47%. Golar LNG Limited (NASDAQ:GLNG) has underperformed the index by 9.36% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Golar LNG Limited (NASDAQ:GLNG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.19 and $15.07 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.11. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.87, notching a gain of 5.24% for the day. The total traded volume was 1,915,875 . The stock had closed at $15.08 on the previous day.
The company shares have dropped -68.41% from its 1 Year high price. On Jun 24, 2015, the shares registered one year high at $51.89 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $16.96 and the 200 Day Moving Average price is recorded at $17.57.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Nordea, upgrades their rating on the shares of Golar LNG Limited (NASDAQ:GLNG). Nordea has a Buy rating on the shares. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on June 1, 2016. Currently the company Insiders own 0.02% of Golar LNG Limited shares according to the proxy statements. Institutional Investors own 86.39% of Golar LNG Limited shares.
Golar LNG Limited (Golar) is the owner and operator of liquefied natural gas (LNG) carriers and floating storage regasification units (FSRUs). As of March 31, 2010, Golar had a fleet of 13 vessels, 10 LNG carriers, three FSRUs and a 50% interest in a further LNG carrier. On June 22, 2009, the Company formed a wholly owned subsidiary, Golar LNG Energy Limited (Golar Energy). As of December 31, 2009, it owned 73.8% of Golar Energy. Golar Energy specializes in the acquisition, ownership, operation and chartering of FSRUs and the development of liquefaction projects. In 2011, the Company made the following acquisitions: Golar LNG Energy Limited (July), a floating storage and regasification unit Golar Freeze (October). On January 23, 2012, the Company acquired a Moss type carrier, namely LNG Carrier Gandria. On July 19, 2012, it sold its interest in the companies owning and operating the Nusantara Tegas Satu FSRU.