Golar LNG Limited (GLNG) has been under a strong bear grip, hence the stock is down -2.1% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 4.18% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.11% in the last 1 week, and is up 1.19% 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 3.08% and the 50-Day Moving Average is 2.02%. Golar LNG Ltd. is up 2.59% in the last 3-month period. Year-to-Date the stock performance stands at 8%.
Golar LNG Limited (NASDAQ:GLNG): stock turned positive on Friday. Though the stock opened at $16.65, the bulls momentum made the stock top out at $17.07 level for the day. The stock recorded a low of $16.53 and closed the trading day at $16.96, in the green by 0.83%. The total traded volume for the day was 1,008,384. The stock had closed at $16.82 in the previous days trading.
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.