Golar LNG Limited (GLNG) has risen sharply, recording gains of 5.17% in the past 4 weeks. However, the stock has corrected -1.07% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 7.34% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.14% and the 50-Day Moving Average is 13.52%.The 200 Day SMA reached 20.65% Golar LNG Ltd. is up 34.91% in the last 3-month period. Year-to-Date the stock performance stands at 36.34%.
Golar LNG Limited (GLNG) : Currently there are 6 street experts covering Golar LNG Limited (GLNG) stock. The most bullish and bearish price target for the stock is $57 and $25 respectively for the short term. The average price target of all the analysts comes to $38.33. The estimated standard deviation from the target is $10.95.
For the current week, the company shares have a recommendation consensus of Buy. Golar LNG Limited (NASDAQ:GLNG): The stock opened at $21.17 and touched an intraday high of $21.82 on Friday. During the day, the stock corrected to an intraday low of $20.9, however, the bulls stepped in and pushed the price higher to close in the green at $21.36 with a gain of 0.14% for the day. The total traded volume for the day was 1,143,784. The stock had closed at $21.36 in the previous trading session.
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.