Golar LNG Limited (GLNG) Shares are Down -2.51%

Golar LNG Limited (GLNG) : During the past 4 weeks, traders have been relatively bearish on Golar LNG Limited (GLNG), hence the stock is down -9.17% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.11% relative to the S&P 500. The 4-week change in the price of the stock is -3.04% and the stock has fallen -2.51% in the past 1 week.

Golar LNG Limited (NASDAQ:GLNG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.20 and $15.92 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.29, notching a gain of 0.80% for the day. The total traded volume was 1,192,335 . The stock had closed at $16.16 on the previous day.


The stock has recorded a 20-day Moving Average of 0.59% and the 50-Day Moving Average is 2.21%. Golar LNG Ltd. has dropped 30.89% during the last 3-month period . Year-to-Date the stock performance stands at 3.74%.

Golar LNG Limited (Golar) is the owner and operator of liquefied natural gas (LNG) carriers and floating storage regasification units (FSRUs). As of March 31, 2010, Golar had a fleet of 13 vessels, 10 LNG carriers, three FSRUs and a 50% interest in a further LNG carrier. On June 22, 2009, the Company formed a wholly owned subsidiary, Golar LNG Energy Limited (Golar Energy). As of December 31, 2009, it owned 73.8% of Golar Energy. Golar Energy specializes in the acquisition, ownership, operation and chartering of FSRUs and the development of liquefaction projects. In 2011, the Company made the following acquisitions: Golar LNG Energy Limited (July), a floating storage and regasification unit Golar Freeze (October). On January 23, 2012, the Company acquired a Moss type carrier, namely LNG Carrier Gandria. On July 19, 2012, it sold its interest in the companies owning and operating the Nusantara Tegas Satu FSRU.

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