This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

5 Earnings Stocks That Could Surge

Stocks in this article: BONTPERYBKEGLNGCRM

Golar LNG

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

One earnings short squeeze play in the energy transportation sector is Golar LNG (GLNG), which is set to release numbers on Thursday before the market open. This a mid-stream liquefied natural gas company engages primarily in the transportation, regasification and liquefaction of LNG. It acquires, owns, operates and charters LNG carriers and floating storage regasification units. Wall Street analysts, on average, expect Golar to report revenue of $53.75 million on earnings of 23 cents per share.

This stock is trending pretty strong heading into the quarter since shares are only about 7 points off its 52-week high of $39.90 a share.

The current short interest as a percentage of the float for Golar is 4.4%. That means that out of the 42.32 million shares in the tradable float, 1.89 million are sold short by the bears. This isn't a huge short interest, but it's more than enough considering the small float to pop this stock on a solid earnings report.

From a technical standpoint, this stock is currently trading below its 50-day moving average and above its 200-day moving average, which is neutral trendwise. The stock recently dropped from a high of $39.90 a share to its current price of just above $32 a share. Look for volume that's close to or greater than its three-month average action of 700,000 shares.

The way I would play Golar would be to buy this stock after their report once you see it trade back above its 50-day moving average of $34.70 on solid volume. Look for volume that's close to or greater than its three-month average action of 700,000 shares.

I would only short this stock if it drops below some near-term resistance after its report at $31.50 a share on big volume. I would add to any short positions if it then takes out some more previous support at $27.50 a share.

5 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,805.41 +127.51 0.76%
S&P 500 1,964.58 +13.76 0.71%
NASDAQ 4,483.7150 +30.9230 0.69%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs