Ultime notizie per Golar LNG (NASDAQ:GLNG) Azioni

Golar LNG

Golar LNG Ltd is a midstream LNG company that operates in the transportation, regasification, liquefaction, and trading of LNG. The segment in which the group operates includes Shipping, FLNG (Floating Liquefaction Natural Gas vessels), and Corporate and other. It generates maximum revenue from the FLNG segment.

Golar LNG Ltd

GOLAR LNG ORD

News

Rumors

Trading Ideas

GLNG

Watching Golar LNG; Traders Circulate Unconfirmed Rumor Perenco Said To Be In Talks To Acquire The Company

Golar LNG Limited (the "Company") has today successfully priced USD 300 million in senior unsecured bonds in the Nordic bond market. The bonds will mature in September 2029 and bear interest at 7.75% per annum. Net proceeds from the bond issue will be applied towards capital expenditure, refinancing of debt and general corporate purposes. An application will be made for the bonds to be listed on the Oslo Stock Exchange.

Golar Prices Of $300M Unsecured Bond Issue In The Nordic Bond Market, Will Mature In September 2029

Golar LNG Limited ("Golar") has mandated DNB Markets and Pareto Securities as Global Coordinators and Joint Bookrunners, and Clarksons Securities and Fearnley Securities as Joint Bookrunners, to arrange a series of fixed income investor meetings commencing Monday 2 September 2024.
A new USD denominated 5-year senior unsecured fixed rate bond issue may follow, subject to inter alia market conditions.
The net proceeds from the contemplated bond issue are to be applied for capital expenditure and/or refinancing of debt and general corporate purposes.

Offerings

Reported Earlier, Golar LNG Plans Investor Meetings Ahead of Potential 5-Year Bond Issue

Stifel analyst Benjamin Nolan maintains Golar LNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLNG#NASDAQ">GLNG</a>) with a Buy and lowers the price target from $55 to $53.

Price Target

Analyst Ratings

Stifel Maintains Buy on Golar LNG, Lowers Price Target to $53

Deutsche Bank analyst Chris Robertson maintains Golar LNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLNG#NASDAQ">GLNG</a>) with a Buy and raises the price target from $43 to $56.

Deutsche Bank Maintains Buy on Golar LNG, Raises Price Target to $56

Golar LNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLNG#NASDAQ">GLNG</a>) reported quarterly sales of $64.689 million which missed the analyst consensus estimate of $75.016 million by 13.77 percent. This is a 16.56 percent decrease over sales of $77.530 million the same period last year.

Earnings

Earnings Misses

Golar LNG Q2 Sales $64.689M Miss $75.016M Estimate

Golar LNG Ltd. (&quot;Golar&quot;), and bp, as Operator of the Greater Tortue-Ahmeyim LNG Project, have executed agreements to implement a commercial reset for FLNG&nbsp;Gimi. The commercial reset agreement simplifies contractual cash flows and settles previous disputes related to payment mechanisms for pre-commercial operations date (&quot;Pre-COD&quot;) contractual cash flows. Golar and bp have agreed an updated schedule of daily payments until the Commercial Operations Date (&quot;COD&quot;). The daily payments have step-up mechanisms based on project milestones up to COD and are secured by long stop dates. Golar will also be entitled to certain lump sum bonus payments subject to achievement of certain project milestones. These Pre-COD cash flows are expected to be deferred on the balance sheet and amortized over the 20-year contract term from COD.
The commercial reset settles all ongoing disputes including the current arbitration process and re-aligns the parties towards reaching COD.
To shorten the time to COD the parties have also agreed to start the commissioning of FLNG&nbsp;Gimi&nbsp;with an LNG cargo prior to the availability of gas from the FPSO.&nbsp;

Golar LNG and BP Agree on Updated Payment Schedule, Settle Disputes for Greater Tortue-Ahmeyim Project

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Shares of oil and gas stocks are trading lower despite Middle East tensions. Weak US economic data may be weighing on demand outlook.

B. Riley Securities analyst Liam Burke maintains Golar LNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLNG#NASDAQ">GLNG</a>) with a Buy and raises the price target from $35.5 to $44.5.

B. Riley Securities Maintains Buy on Golar LNG, Raises Price Target to $44.5

As of July 12, 2024, two stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Greenfire Resources Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GFR#NYSE">GFR</a>)</h3>
<ul>
<li>On July 10, Greenfire Resources announced redemption of $61 million of the company&#8217;s $300 million senior secured notes due 2028. The company's stock gained around 26% over the past month and has a <a href="https://www.benzinga.com/quote/GFR">52-week high of $9.90</a>.</li>
<li>RSI Value: 70.99&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>GFR Price Action: Shares of Greenfire Resources gained 1.5% to close at $7.30 on Thursday.</li>
</ul>
<h3 class="wp-block-heading">Golar LNG Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLNG#NASDAQ">GLNG</a>)</h3>
<ul>
<li>On July 5, Golar LNG entered into definitive agreements with Pan American Energy to deploy a floating liquefied natural gas vessel in Argentina for 20 years. Golar's CEO, Mr. Karl Fredrik Staubo, said, "We are excited to enter a partnership with Pan American Energy, one of the leading energy companies in Latin America." The company's stock gained around 21% over the past month and <a href="https://www.benzinga.com/quote/GLNG">has a 52-week high</a> of $34.59.</li>
<li>RSI Value: 81.58</li>
<li>GLNG Price Action: Shares of Golar LNG closed at $34.30 on Thursday.</li>
</ul>
Read Next: <a href="https://www.benzinga.com/news/earnings/24/07/39743368/s-p-500-falls-following-june-inflation-data-fear-greed-index-moves-to-neutral-zone">S&amp;P 500 Falls Following June Inflation Data: Fear &amp; Greed Index Moves To &#8216;Neutral&#8217; Zone</a>

Short Ideas

Pre-Market Outlook

Markets

Top 2 Energy Stocks That May Fall Off A Cliff This Quarter

While &quot;the trend is your friend&quot; when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn&#39;t easy.
The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.
Investors looking to make a profit from stocks that are currently on the move may find our &quot;Recent Price Strength&quot; screen pretty useful. This predefined screen comes handy in spotting stocks that are on an uptrend backed by strength in their fundamentals, and trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
Golar LNG (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/glng#NASDAQ">GLNG</a>) is one of the several suitable candidates that passed through the screen. Here are the key reasons why it could be a profitable bet for &quot;trend&quot; investors.
A solid price increase over a period of 12 weeks reflects investors&#39; continued willingness to pay more for the potential upside in a stock. GLNG is quite a good fit in this regard, gaining 36.7% over this period.
However, it&#39;s not enough to look at the price change for around three months, as it doesn&#39;t reflect any trend reversal that might have happened in a shorter time frame. It&#39;s important for a potential winner to maintain the price trend. A price increase of 19.9% over the past four weeks ensures that the trend is still in place for the stock of this operator of carriers for natural gas shipping.
Moreover, GLNG is currently trading at 97.5% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock&#39;s near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
Another factor that confirms the company&#39;s fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock&#39;s near-term price performance.
So, the price trend in GLNG may not reverse anytime soon.
In addition to GLNG, there are several other stocks that currently pass through our &quot;Recent Price Strength&quot; screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past.
<a href="https://www.zacks.com/stock/news/2299075/here-s-why-momentum-in-golar-lng-glng-should-keep-going?cid=CS-BENZ-FT-tale_of_the_tape|recent_price_strength_screen-2299075">To read this article on Zacks.com click here.</a>

Here's Why Momentum in Golar LNG Should Keep going

Golar LNG Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLNG#NASDAQ">GLNG</a>) shares are trading higher after the company entered into definitive agreements with Pan American Energy to deploy a floating liquefied natural gas vessel in Argentina for 20 years.
The FLNG project aims to capitalize on Argentina&#8217;s abundant gas reserves from the Vaca Muerta shale formation in the Neuquina Basin, which holds the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/g39644726/golar-lng-signs-agreement-for-20-year-flng-deployment-in-argentina" rel="noreferrer noopener">world&#8217;s second-largest shale gas resources</a>.
Golar&#8217;s CEO, Mr. Karl Fredrik Staubo, said, &#8220;We are excited to enter a partnership with Pan American Energy, one of the leading energy companies in Latin America.&#8221;
Check This Out: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39647564/byd-faces-scrutiny-in-thailand-over-pricing-issues-report" rel="noreferrer noopener">BYD Faces Scrutiny In Thailand Over Pricing Issues: Report</a>
The project plans to utilize Golar&#8217;s FLNG Hilli, boasting a capacity of 2.45 million tons per annum, offering a net tariff equivalent to $2.6/mmBtu (assuming 90% capacity utilization), supplemented by commodity-linked pricing. Golar retains the option to explore swapping with another suitable FLNG unit.
Under the agreements, Golar will own a 10% share in Southern Energy S.A., a specialized joint venture with PAE.
This entity will manage the procurement of local natural gas, oversee operations, and handle the sale and distribution of LNG volumes originating from Argentina.
&#8220;The project expands Golar&#8217;s global footprint, with further growth potential,&#8221; Staubo added.
Expected to commence LNG exports by 2027, the initiative positions Argentina as a significant player in the global LNG market.
This strategic initiative is underpinned by a strong commercial framework, including a Gas Sales Agreement with PAE for gas supply and an FLNG charter agreement with Golar, incorporating a base tariff and exposure to LNG sales prices.
Price Action: GLNG shares are trading higher by 6.54% to $33.55 at last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39603590/analysts-rally-behind-waystar-predict-robust-growth-and-market-share-gains-followin" target="_blank" rel="noreferrer noopener">Analysts Rally Behind Waystar: Predict Robust Growth and Market Share Gains Following Competitor Setback</a></li>
</ul>

Equities

Contracts

Movers

General

Why Golar LNG Shares Are Gaining Today

GLNG: 14% &#x7C;&nbsp;<a href="https://www.benzinga.com//node/39645204">Golar LNG Enters Definitive Agreements With Pan American Energy For 20-Year Deployment Of Floating Liquefied Natural Gas Vessel In Argentina</a>
M: 8% &#x7C;&nbsp;<a href="https://www.benzinga.com//node/39645065">Macy&#39;s shares are trading higher after the Wall Street Journal reported that Arkhouse and Brigade raised their offer for the company to $24.80 per share, up from $24 per share.</a>
MICS: 82% &#x7C;&nbsp;<a href="https://www.benzinga.com//node/39644855">The Singing Machine Company Says It Completed The Acquisition Of SemiCab; As Part Of Transaction, Company Also Entered Into An Option Agreement To Acquire SMCB Solutions Private Limited</a>

MICS

Market-Moving News for July 5th

Golar LNG shares are trading higher after the company entered into definitive agreements with Pan American Energy for the 20-year deployment of a floating liquefied natural gas vessel in Argentina.

The project is expected to start LNG exports within 2027, establishing Argentina as an LNG exporter.&nbsp;The agreements are subject to sign-off of customary conditions.
As part of the agreements, Golar will hold a&nbsp;10%&nbsp;stake in Southern Energy S.A., a dedicated joint venture with PAE, responsible for the purchase of domestic natural gas, operations, and sale and marketing of LNG volumes from Argentina.

Golar LNG Enters Definitive Agreements With Pan American Energy For 20-Year Deployment Of Floating Liquefied Natural Gas Vessel In Argentina

BTIG analyst Gregory Lewis maintains Golar LNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLNG#NASDAQ">GLNG</a>) with a Buy and raises the price target from $36 to $45.

BTIG Maintains Buy on Golar LNG, Raises Price Target to $45

Golar LNG shares are trading higher after Stifel maintained a Buy rating on the stock and raised its price target from $34 to $55.

Stifel analyst Benjamin Nolan maintains Golar LNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLNG#NASDAQ">GLNG</a>) with a Buy and raises the price target from $34 to $55.

Stifel Maintains Buy on Golar LNG, Raises Price Target to $55

Golar LNG shares are trading higher after a 13G filing showed a 9.9% passive state from Naria inc.

GOLAR LNG 13G Filing Shows Naria Inc. Reported A 9.9% Stake In The Co As Of June 7, 2024

Golar announces pricing of $300M unsecured bond issue

Golar LNG (GLNG) has released an update. Golar LNG Limited has announced the successful pricing of a USD 300 million bond issue, which will mature ...

Golar LNG Prices $300M Bond, Targets Expansion

Golar LNG (GLNG) has released an update. Golar LNG has announced the signing of an EPC agreement with CIMC Raffles for a new MK II Floating LNG Pro...

Golar LNG Announces New FLNG Vessel Project

Golar LNG signs $1.6B EPC contract with Chinese contractor for FLNG vessel

Stifel Nicolaus analyst Benjamin Nolan maintained a Buy rating on Golar LNG (GLNG – Research Report) today and set a price target of $53.00. The co...

Stifel Nicolaus Sticks to Its Buy Rating for Golar LNG (GLNG)

Golar gains amid takeover speculation

Golar would likely need to see above $60 a share for a deal - analyst

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Press Releases

Golar LNG signs agreement for 20-year FLNG deployment in Argentina

Golar and bp enter into commercial reset arrangements for FLNG Gimi

Golar LNG Limited:  2024 AGM Results Notification

Interim results for the period ended June 30, 2024

Key information relating to the cash dividend to be paid by Golar LNG Limited (Ticker: GLNG)

London Shipping Summit-Industry Leaders Presenting At 16th Annual Capital Link Shipping & Marine Services Forum

Golar LNG Limited – Fixed income investor meetings

Golar announces pricing of USD 300 million unsecured bond issue

Final Investment Decision for MK II 3.5mtpa FLNG

Golar LNG Limited – Q3 2024 results presentation

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