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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