Golar LNG Limited (GLNG) Shares are Up 4.02%

Golar LNG Limited (GLNG) has been under a strong bear grip, hence the stock is down -1.32% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.85% in the past 1 week. The stock has risen by 4.02% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.85% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.37% and the 50-Day Moving Average is 7.28%.The 200 Day SMA reached 19.46%

Golar

Golar LNG Limited (NASDAQ:GLNG): After opening at $21.27, the stock dipped to an intraday low of $20.72 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $21.425 and the buying power remained strong till the end. The stock closed at $21.2 for the day, a gain of 1.29% for the day session. The total traded volume was 1,403,506. The stocks close on the previous trading day was $21.2.

Golar LNG Limited (GLNG) : The highest short term price target forecast on Golar LNG Limited (GLNG) is $57 and the lowest target price is $25. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $38.33 with a standard deviation of $10.95.

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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