NEW YORK (
) hit a new 52-week high Thursday as it traded at $25.68 compared with its previous 52-Week high of $25.12. Golar LNG is changing hands at $25.53 with 330,028 shares traded as of 10:31 a.m. ET. Average volume has been 526,600 shares over the past 30 days.
Golar LNG has a market cap of $1.6 billion and is part of the
industry. Shares are up 61.4% year to date as of the close of trading on Wednesday.
Golar LNG Limited, a mid-stream liquefied natural gas company (LNG), engages primarily in the transportation, regasification, and liquefaction of LNG. It acquires, owns, operates, and charters LNG carriers and floating storage regasification units (FSRUs). The company has a P/E ratio of 71.5, below the average transportation industry P/E ratio of 221 and above the S&P 500 P/E ratio of 16.2.
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TheStreet Ratings rates Golar LNG as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity. You can view the full
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