Golar LNG (NASDAQ:GLNG) Stock, Quote.Headers.trade-ideas

Golar LNG

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.

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While &#34;the trend is your friend&#34; when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn&#39;t easy.

Here&#39;s Why Momentum in Golar LNG Should Keep going

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Golar LNG shares surge as the company enters into a 20-year agreement with Pan American Energy to deploy a floating LNG vessel in Argentina, tapping into the country&#39;s vast shale gas resources.

Why Golar LNG Shares Are Gaining Today

Golar LNG Ltd

B. Riley Securities analyst Liam Burke maintains Golar LNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLNG#NASDAQ">GLNG</a>) with a Buy and raises the price target from $35.5 to $44.5.

Price Target

B. Riley Securities Maintains Buy on Golar LNG, Raises Price Target to $44.5

As of July 12, 2024, two stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Greenfire Resources Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GFR#NYSE">GFR</a>)</h3>
<ul>
<li>On July 10, Greenfire Resources announced redemption of $61 million of the company&#8217;s $300 million senior secured notes due 2028. The company's stock gained around 26% over the past month and has a <a href="https://www.benzinga.com/quote/GFR">52-week high of $9.90</a>.</li>
<li>RSI Value: 70.99&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>GFR Price Action: Shares of Greenfire Resources gained 1.5% to close at $7.30 on Thursday.</li>
</ul>
<h3 class="wp-block-heading">Golar LNG Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLNG#NASDAQ">GLNG</a>)</h3>
<ul>
<li>On July 5, Golar LNG entered into definitive agreements with Pan American Energy to deploy a floating liquefied natural gas vessel in Argentina for 20 years. Golar's CEO, Mr. Karl Fredrik Staubo, said, "We are excited to enter a partnership with Pan American Energy, one of the leading energy companies in Latin America." The company's stock gained around 21% over the past month and <a href="https://www.benzinga.com/quote/GLNG">has a 52-week high</a> of $34.59.</li>
<li>RSI Value: 81.58</li>
<li>GLNG Price Action: Shares of Golar LNG closed at $34.30 on Thursday.</li>
</ul>
Read Next: <a href="https://www.benzinga.com/news/earnings/24/07/39743368/s-p-500-falls-following-june-inflation-data-fear-greed-index-moves-to-neutral-zone">S&amp;P 500 Falls Following June Inflation Data: Fear &amp; Greed Index Moves To &#8216;Neutral&#8217; Zone</a>

While &quot;the trend is your friend&quot; when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn&#39;t easy.
The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.
Investors looking to make a profit from stocks that are currently on the move may find our &quot;Recent Price Strength&quot; screen pretty useful. This predefined screen comes handy in spotting stocks that are on an uptrend backed by strength in their fundamentals, and trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
Golar LNG (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/glng#NASDAQ">GLNG</a>) is one of the several suitable candidates that passed through the screen. Here are the key reasons why it could be a profitable bet for &quot;trend&quot; investors.
A solid price increase over a period of 12 weeks reflects investors&#39; continued willingness to pay more for the potential upside in a stock. GLNG is quite a good fit in this regard, gaining 36.7% over this period.
However, it&#39;s not enough to look at the price change for around three months, as it doesn&#39;t reflect any trend reversal that might have happened in a shorter time frame. It&#39;s important for a potential winner to maintain the price trend. A price increase of 19.9% over the past four weeks ensures that the trend is still in place for the stock of this operator of carriers for natural gas shipping.
Moreover, GLNG is currently trading at 97.5% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock&#39;s near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
Another factor that confirms the company&#39;s fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock&#39;s near-term price performance.
So, the price trend in GLNG may not reverse anytime soon.
In addition to GLNG, there are several other stocks that currently pass through our &quot;Recent Price Strength&quot; screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past.
<a href="https://www.zacks.com/stock/news/2299075/here-s-why-momentum-in-golar-lng-glng-should-keep-going?cid=CS-BENZ-FT-tale_of_the_tape|recent_price_strength_screen-2299075">To read this article on Zacks.com click here.</a>

Here's Why Momentum in Golar LNG Should Keep going

Golar LNG Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLNG#NASDAQ">GLNG</a>) shares are trading higher after the company entered into definitive agreements with Pan American Energy to deploy a floating liquefied natural gas vessel in Argentina for 20 years.
The FLNG project aims to capitalize on Argentina&#8217;s abundant gas reserves from the Vaca Muerta shale formation in the Neuquina Basin, which holds the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/g39644726/golar-lng-signs-agreement-for-20-year-flng-deployment-in-argentina" rel="noreferrer noopener">world&#8217;s second-largest shale gas resources</a>.
Golar&#8217;s CEO, Mr. Karl Fredrik Staubo, said, &#8220;We are excited to enter a partnership with Pan American Energy, one of the leading energy companies in Latin America.&#8221;
Check This Out: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39647564/byd-faces-scrutiny-in-thailand-over-pricing-issues-report" rel="noreferrer noopener">BYD Faces Scrutiny In Thailand Over Pricing Issues: Report</a>
The project plans to utilize Golar&#8217;s FLNG Hilli, boasting a capacity of 2.45 million tons per annum, offering a net tariff equivalent to $2.6/mmBtu (assuming 90% capacity utilization), supplemented by commodity-linked pricing. Golar retains the option to explore swapping with another suitable FLNG unit.
Under the agreements, Golar will own a 10% share in Southern Energy S.A., a specialized joint venture with PAE.
This entity will manage the procurement of local natural gas, oversee operations, and handle the sale and distribution of LNG volumes originating from Argentina.
&#8220;The project expands Golar&#8217;s global footprint, with further growth potential,&#8221; Staubo added.
Expected to commence LNG exports by 2027, the initiative positions Argentina as a significant player in the global LNG market.
This strategic initiative is underpinned by a strong commercial framework, including a Gas Sales Agreement with PAE for gas supply and an FLNG charter agreement with Golar, incorporating a base tariff and exposure to LNG sales prices.
Price Action: GLNG shares are trading higher by 6.54% to $33.55 at last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock
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GLNG: 14% &#x7C;&nbsp;<a href="https://www.benzinga.com//node/39645204">Golar LNG Enters Definitive Agreements With Pan American Energy For 20-Year Deployment Of Floating Liquefied Natural Gas Vessel In Argentina</a>
M: 8% &#x7C;&nbsp;<a href="https://www.benzinga.com//node/39645065">Macy&#39;s shares are trading higher after the Wall Street Journal reported that Arkhouse and Brigade raised their offer for the company to $24.80 per share, up from $24 per share.</a>
MICS: 82% &#x7C;&nbsp;<a href="https://www.benzinga.com//node/39644855">The Singing Machine Company Says It Completed The Acquisition Of SemiCab; As Part Of Transaction, Company Also Entered Into An Option Agreement To Acquire SMCB Solutions Private Limited</a>

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Golar LNG shares are trading higher after the company entered into definitive agreements with Pan American Energy for the 20-year deployment of a floating liquefied natural gas vessel in Argentina.

The project is expected to start LNG exports within 2027, establishing Argentina as an LNG exporter.&nbsp;The agreements are subject to sign-off of customary conditions.
As part of the agreements, Golar will hold a&nbsp;10%&nbsp;stake in Southern Energy S.A., a dedicated joint venture with PAE, responsible for the purchase of domestic natural gas, operations, and sale and marketing of LNG volumes from Argentina.

Golar LNG Enters Definitive Agreements With Pan American Energy For 20-Year Deployment Of Floating Liquefied Natural Gas Vessel In Argentina

BTIG analyst Gregory Lewis maintains Golar LNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLNG#NASDAQ">GLNG</a>) with a Buy and raises the price target from $36 to $45.

BTIG Maintains Buy on Golar LNG, Raises Price Target to $45

Golar LNG shares are trading higher after Stifel maintained a Buy rating on the stock and raised its price target from $34 to $55.

Stifel analyst Benjamin Nolan maintains Golar LNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLNG#NASDAQ">GLNG</a>) with a Buy and raises the price target from $34 to $55.

Stifel Maintains Buy on Golar LNG, Raises Price Target to $55

Golar LNG shares are trading higher after a 13G filing showed a 9.9% passive state from Naria inc.

GOLAR LNG 13G Filing Shows Naria Inc. Reported A 9.9% Stake In The Co As Of June 7, 2024

U.S. stocks were mostly lower, with the Dow Jones index falling around 0.2% on Monday.
Shares of The Aaron&#8217;s Company, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAN#NYSE">AAN</a>) rose sharply during Monday's session after the company announced that it entered into a definitive agreement to be acquired<a href="https://www.benzinga.com/markets/equities/24/06/39355382/why-lease-to-own-retailer-aarons-shares-are-surging-today"> by IQVentures Holdings</a>.
IQVentures will acquire the company for $10.10 per share in cash, or an enterprise value of approximately $504 million.&nbsp;
Aaron&#8217;s shares jumped 32.2% to $9.97 on Monday.
Here are some other big stocks recording gains in today&#8217;s session.
<ul>
<li>Xponential Fitness, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPOF#NYSE">XPOF</a>) gained 21.3% to $13.68. Xponential Fitness announced the appointment of Mark King as Chief Executive Officer.</li>
<li>Lexicon Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LXRX#NASDAQ">LXRX</a>) jumped 10.5% to $2.0099. HC Wainwright &amp; Co. analyst Joseph Pantginis initiated coverage on Lexicon Pharmaceuticals with a Buy rating and announced a price target of $10.</li>
<li>Mirum Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIRM#NASDAQ">MIRM</a>) rose 10.2% to $28.58. Mirum&#8217;s Volixibat achieved interim analyses in VANTAGE PBC and VISTAS PSC studies.</li>
<li>United Homes Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UHG#NASDAQ">UHG</a>) gained 9.6% to $7.74.</li>
<li>Ouster, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OUST#NYSE">OUST</a>) shares climbed 8.5% to $11.21. Ouster Director Virginia Boulet bought a total of 10,000 shares at an average price of $10.30.</li>
<li>Lufax Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LU#NYSE">LU</a>) gained 8.1% to $2.3787.</li>
<li>Primo Water Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRMW#NASDAQ">PRMW</a>) shares rose 7.8% to $24.08 after the company and BlueTriton agreed to merge.</li>
<li>Golar LNG Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLNG#NASDAQ">GLNG</a>) gained 4.8% to $28.75.</li>
<li>Autodesk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) rose 4.4% to $235.84 following a report suggesting that Starboard has a $500 million stake in the company.</li>
<li>Wayfair Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>) gained 3% to $54.22.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/06/39357158/23m-bet-on-pbf-energy-check-out-these-4-stocks-insiders-are-buying">$23M Bet On PBF Energy? Check Out These 4 Stocks Insiders Are Buying</a>

Intraday Update

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Aaron's, Mirum Pharmaceuticals, Primo Water And Other Big Stocks Moving Higher On Monday

BTIG analyst Gregory Lewis maintains Golar LNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLNG#NASDAQ">GLNG</a>) with a Buy and raises the price target from $30 to $36.

BTIG Maintains Buy on Golar LNG, Raises Price Target to $36

Deutsche Bank analyst Amit Mehrotra maintains Golar LNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLNG#NASDAQ">GLNG</a>) with a Buy and raises the price target from $28 to $40.

Deutsche Bank Maintains Buy on Golar LNG, Raises Price Target to $40

Golar LNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLNG#NASDAQ">GLNG</a>) reported quarterly sales of $64.959 million which missed the analyst consensus estimate of $79.190 million by 17.97 percent. This is a 12.18 percent decrease over sales of $73.968 million the same period last year.

Earnings Misses

Golar LNG Q1 Sales $64.959M Miss $79.190M Estimate, Company Exits Quarter With Cash And Equivalents Worth $548M

Golar LNG shares are trading higher following Q4 financial results.

Friday marks the last chance for investors to receive the next dividend payout from Golar LNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLNG#NASDAQ">GLNG</a>). 
<h3>What's Happening</h3>
The company announced on Thursday that it would pay shareholders a quarterly dividend of 25 cents per share. On Monday, Golar LNG will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 25 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own GLNG as of the end of Friday's session are eligible to receive the 25 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on March 20, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/quote/GLNG">See current stock movements Golar LNG on Benzinga.</a>

Dividends

Golar LNG: Dividend Insights

Golar LNG Approves Q4 2023 Dividend Of $0.25 Per Share To Be Paid On Or Around March 20, 2024

Golar LNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLNG#NASDAQ">GLNG</a>) reported quarterly sales of $79.68 million which beat the analyst consensus estimate of $79.18 million by 0.63 percent. This is a 34.73 percent increase over sales of $59.14 million the same period last year.

Golar LNG Q4 Sales $79.68M Beat $79.18M Estimate, Company Exits Quarter With Cash And Equivalents Worth $679.23M

BTIG analyst Gregory Lewis maintained a Buy rating on Golar LNG (GLNG – Research Report) today and set a price target of $36.00. The company's shar...

BTIG Keeps Their Buy Rating on Golar LNG (GLNG)

Golar LNG (GLNG) has released an update. Golar LNG Limited has announced that its Annual General Meeting (AGM) for 2024 is scheduled for August 13,...

Golar LNG Sets Date for 2024 AGM

Nigeria's NNPC says floating LNG deal signed with Golar LNG

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There's a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Golar LNG (GLNG – Research Report) and Helix Energy (HLX...

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Golar LNG touches six-year high as BTIG reiterates Buy rating, hikes PT

Golar LNG (GLNG) has released an update. Golar LNG is set to unveil its second quarter 2024 financial results before NASDAQ trading begins on Augus...

Golar LNG Announces Q2 2024 Results Webcast

Golar LNG (GLNG) has released an update. Golar LNG has announced that its 2024 Annual General Meeting (AGM) is scheduled for August 13, 2024, follo...

Golar LNG Sets Date for 2024 Annual Meeting

Golar LNG (GLNG) has released an update. Golar LNG has inked a 20-year agreement to deploy a Floating Liquefied Natural Gas (FLNG) unit in Argentin...

Golar LNG Launches 20-Year FLNG Project in Argentina

Golar LNG jumps after signing deal for 20-year FLNG deployment in Argentina

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Golar LNG signs agreement for 20-year FLNG deployment in Argentina

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Golar LNG (GLNG) Forecast

Golar LNG (NASDAQ:GLNG) Stock, Quote.Headers.trade-ideas