GLNG Stock Summary and Trading Ideas (Golar Lng Limited - Common Shares | NASDAQ:GLNG)

Golar LNG Ltd is a midstream LNG company that operates in the transportation, regasification, liquefaction, and trading of LNG. The segment in which the group operates includes Shipping, FLNG (Floating Liquefaction Natural Gas vessels), and Corporate and other. It generates maximum revenue from the FLNG segment.

Golar Lng Limited - Common Shares trades on the NASDAQ stock market under the symbol GLNG.

As of April 25, 2024, GLNG stock price declined to $25.02 with 901,646 million shares trading.

GLNG has a beta of 0.30, meaning it tends to be less sensitive to market movements. GLNG has a correlation of 0.01 to the broad based SPY ETF.

GLNG has a market cap of $2.62 billion. This is considered a Mid Cap stock.

In the last 3 years, GLNG stock traded as high as $30.66 and as low as $10.01.

The top ETF exchange traded funds that GLNG belongs to (by Net Assets): IWM, AVDV, IWN, VYM, VTWO.

GLNG stock has underperformed the market in the last year with a return of +20.9%, while SPY returned +23.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in GLNG shares. However, GLNG has outperformed the market in the last 3 month and 2 week periods, returning +13.0% and -1.6%, while SPY returned +4.1% and -2.1%, respectively. This indicates GLNG has been having a stronger performance recently.

GLNG support price is $24.75 and resistance is $25.61 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GLNG stock will trade within this expected range on the day.