Markets

Golar LNG (GLNG) in Focus: Stock Rises 5.6% in Session

Golar LNG Ltd. ( GLNG ) was a big mover last session, as the company saw its shares rise roughly 6% on the day. Shares moved up after the company announced that its Cameroon floating liquefied natural gas project has reached a major milestone, having received final approval from all parties of the Gas Convention for the project. This led to solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 26.6% in the past one-month time frame.

None of the estimates for this shipping stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Golar LNG has a Zacks Rank #4 (Sell), while its Earnings ESP is 0.00%.

However, a better-ranked stock in the same space is Diana Containerships Inc. ( DCIX ), sporting a Zacks Rank #1 (Strong Buy).

Is GLNG going up? Or down? Predict to see what others think: Up or Down

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

GOLAR LNG LTD (GLNG): Free Stock Analysis Report

DIANA CONTAINER (DCIX): Free Stock Analysis Report

To read this article on Zacks.com click here.

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.


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

In This Story

GLNG PSHG

Other Topics

Investing Stocks

Latest Markets Videos

    Zacks

    Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

    Learn More