Golar LNG Limited (GLNG) Shares are Up 3.71%

Golar LNG Limited (GLNG) : Traders are bullish on Golar LNG Limited (GLNG) as it has outperformed the S&P 500 by a wide margin of 12.72% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.65%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.71% in the last 1 week, and is up 13.88% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 9.9% and the 50-Day Moving Average is 13.48%. Golar LNG Limited (NASDAQ:GLNG): On Fridays trading session , Opening price of the stock was $19.26 with an intraday high of $19.45. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $18.93. However, the stock managed to close at $19.03, a loss of 0.05% for the day. On the previous day, the stock had closed at $19.04. The total traded volume of the day was 807,113 shares.


The company Insiders own 0.02% of Golar LNG Limited shares according to the proxy statements. Institutional Investors own 84.98% of Golar LNG Limited shares. Also, Brokerage firm DNB Markets upgrades its rating on Golar LNG Limited (NASDAQ:GLNG). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on July 1, 2016.

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.

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