Golar LNG Rises On Unusually High Volume (GLNG)

NEW YORK ( TheStreet) -- Golar LNG (Nasdaq: GLNG) is trading at unusually high volume Tuesday with 1.2 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up 44 cents (+2.2%) at $20.76 as of 1:56 p.m. ET.

Golar LNG has a market cap of $1.3 billion and is part of the services sector and transportation industry. Shares are up 35.4% year to date as of the close of trading on Monday.

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 54.8, below the average transportation industry P/E ratio of 169.5 and above the S&P 500 P/E ratio of 16.1.

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 Golar LNG Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.

null

More from Markets

Stocks Tumble as Trump Comments Lead to Worries Over China Trade Talks

Stocks Tumble as Trump Comments Lead to Worries Over China Trade Talks

Tiffany & Co. Sees a Strong Market in Asia

Tiffany & Co. Sees a Strong Market in Asia

Imagining the Stock Market in 10 Years

Imagining the Stock Market in 10 Years

Video: Jim Cramer on the Markets, Tiffany, Micron Technology and Union Pacific

Video: Jim Cramer on the Markets, Tiffany, Micron Technology and Union Pacific

Red Robin Slumps After Earnings Miss

Red Robin Slumps After Earnings Miss