Here's Why Investors Should Retain Golar LNG Stock Now [Yahoo! Finance]
Golar LNG Limited - Common Shares (GLNG)
US:NASDAQ Investor Relations:
golarlng.com/investors
Company Research
Source: Yahoo! Finance
The growing floating LNG (FLNG) or liquefied natural gas market is a huge tailwind for the company. However, elevated operating expenses are hurting the company's bottom line. Golar LNG is the sole provider of FLNG as a service. GLNG ranks first in terms of FLNG capacity. The FLNG market is growing due to its economic viability and is expected to display significant capacity growth, particularly in Africa and North America. Given the bright prospects associated with FLNG, the company's decision to enhance its FLNG capabilities is highly prudent. In the third quarter of 2024, Golar signed an EPC (Engineering, Procurement and Construction) agreement with CIMC Raffles for its first 3.5mtpa (Million Tons Per Annum) MKII FLNG (Mark II FLNG), with a budget of $2.2 billion, and expects delivery in the fourth quarter of 2027. The company has also secured an option for a second unit by 2028. GLNG's early access to shipyard slots provides a competitive edge in a tight global market. With pl
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News
- Golar LNG Limited (NASDAQ: GLNG) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
- Argentina LNG Export Project Gathers Backing From Shale Drillers [Yahoo! Finance]Yahoo! Finance
- Golar LNG Q3 Earnings Beat, Revenues Match Estimates [Yahoo! Finance]Yahoo! Finance
- Golar LNG Limited (NASDAQ: GLNG) was downgraded by analysts at Fearnley Fonds from a "strong-buy" rating to a "hold" rating.MarketBeat
- Golar LNG Limited (NASDAQ: GLNG) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
GLNG
Sec Filings
- 11/27/24 - Form 6-K
- 11/12/24 - Form 6-K
- 11/12/24 - Form 6-K
- GLNG's page on the SEC website