Stock Rating Downgrade
During the last several trading days the Value Trend Rating for Golar LNG Ltd (NASDAQ: GLNG) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Golar LNG Ltd (NASDAQ: GLNG) stock closed at $23.09 on 1/5/24 after a slight decline of -0.04%. NORMAL trading volume accompanied the decline. The stock is unchanged during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
GLNG is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Golar LNG has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects consistent signals from PTR's two proprietary measures of a stock's attractiveness. Golar LNG has a neutral Appreciation Score of 59 and a slightly positive Power Rating of 65, triggering the High Neutral Value Trend Rating.