Golar LNG Limited (GLNG): Trading Report of Tuesday, August 04

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Golar LNG Limited (NASDAQ:GLNG) changes shares on Tuesday trading session, with a change of 4.71% or $0.35 shares. The trading starts at $7.65 and closed at $7.55 throughout the day. The trading session low price was $7.6288 and day high was $8.21 on Tuesday, August 04. After the session, the Energy sector daily volume shifted to 0.89 million while its average volume is 1.23M. In other hand, the GLNG market cap reached to $810.78M.

On July 28, 2020, UPDATE 2-SOCAR offers record-low spot price in Pakistan LNG buy tender. According to the news reported on Reuters, SOCAR Trading has placed the lowest offer into a spot buy tender by Pakistan LNG Ltd for a liquefied natural gas (LNG) cargo for delivery in late August, according to a notice posted on the Pakistani company’s website.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 1.67% and up 6.90% for month. Its quarterly performance was 20.98% above, while its half year performance is down -25.33%. GLNG yearly performance stood at negative -44.64% and fall -44.44% for year-to-date. Current recommendation for Golar LNG Limited is 1.70.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. GLNG EPS (TTM) for 12-month is -2.75. EPS for this year is 8.40%, while for the next year its value is 0.22. Its EPS Q/Q reached -156.50%. It has an EPS of -30.70% down for past five years.

Orbis Allan Gray Ltd, FMR, LLC and Blackrock Inc. are the top three holders in Golar LNG Limited (GLNG) stock. On Mar 30, 2020, Orbis Allan Gray Ltd has 11.17 million shares which valued 88.05 million. On Mar 30, 2020, FMR, LLC owned 9.26 million shares which valued at 72.95 million. On Mar 30, 2020, Blackrock Inc. has a total of 5.01 million shares which valued at 39.51 million. In the end, Blackrock Inc. have 4.95% shares outstanding of Golar LNG Limited (GLNG) on Mar 30, 2020. The insider ownership moved to 46.50% and institutional holding shifted to 80.50%.

The company posted an EPS (TTM) of -2.75. According to the most recent quarter report on (Jun 2020), 14 analysts estimated an average EPS of -0.09, while -0.38 EPS posted a year ago period. Analyst Estimated EPS for GLNG published in the report was -$0.3 – $0.11 during the same period. Comparing with last year, the average estimated EPS was -0.38 which is lower than -0.25 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for GLNG fall -20.64% for period of 200 days. SMA for 50 days was 3.57% which is showing green signal, while SMA-20 was 7.93%. The moving average value for Golar LNG Limited (GLNG) is 8.15 and 7.43 for 200 and 50 days respectively.