Golar LNG (GLNG) in Focus: Stock Moves 8.4% Higher - Tale of the Tape

By Zacks Equity Research,

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Golar LNG Ltd. ( GLNG ) was a big mover last session, as the company saw its shares rise more than 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company as the stock is now trading above the volatile price range of $33.64-$35.54 in the past one-month time frame.

This shipping industry stock witnessed two negative revisions over the past 30 days. The Zacks Consensus Estimate also moved lower over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if Friday's move higher lasts.

Golar LNG carries a Zacks Rank #5 (Strong Sell), while its Earnings ESP is positive.

Investors interested in the sector may also consider stocks like DHT Holdings, Inc. ( DHT ), Paragon Shipping Inc. ( PRGN ) and DryShips, Inc. ( DRYS ). While DHT Holdings and Paragon Shipping sport a Zacks Rank #1 (Strong Buy), DryShips holds a Zacks Rank #2.

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DHT HOLDINGS (DHT): Free Stock Analysis Report

DRYSHIPS INC (DRYS): Free Stock Analysis Report

GOLAR LNG LTD (GLNG): Free Stock Analysis Report

PARAGON SHIPPNG (PRGN): Free Stock Analysis Report

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Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks
Referenced Stocks: DHT , DRYS , GLNG , PRGN

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