The price of GLNG is predicted to go up -6.42%, based on the high correlation periods with INGN. The similarity of these two price pattern on the periods is 92.74%.
GLNG
INGN
Down: -6.42%Similarity: 92.74%
GLNG Revenue Forecast
GLNG EPS Forecast
GLNG FAQs
What is bull’s view on GLNG?
Stifel has a bullish view on GLNG, raising its price target to $55 from $53 due to the acquisition of an 8% stake in the FLNG Hilli for $90.2 million, which enhances cash flow and simplifies the balance sheet. Analysts see this as a value-accretive move, with potential momentum from future contracts in Argentina. The current price of $41.93 suggests significant upside potential.
What is bear's view on GLNG?
GLNG stock currently trades at $41.93, with bearish sentiment stemming from technical resistance near $42.23 and a declining RSI of 48.58, indicating weakening momentum. Despite recent positive developments like the acquisition of FLNG Hilli's minority stake, the stock's valuation appears stretched, and its technical indicators suggest limited upside in the short term. A break below $39.10 could signal further downside risk.
What is GLNG revenue forecast for next quarter?
The market consensus for GLNG's revenue in the upcoming quarter is projected to be approximately $80.035M USD.
What is GLNG eps forecast for next quarter?
The market consensus for GLNG's eps in the upcoming quarter is projected to be approximately $0.255 USD.
Stifel raised the firm's price target on Golar LNG to $55 from $53 and keeps a Buy rating on the shares after Golar announced the acquisition of the remaining 8% of ownership in the Hilli from Seatrium and Black and Veatch for a consideration of $90.2M. The firm calls this "a solid deal for Golar," which while "relatively small" was done at an "attractive price," simplifies the balance sheet, enhances cash flows and is one that the firm view as "value accretive."