Golar LNG Limited's stock traded at $38.59 on January 12, according to recent data. The company's trailing P/E ratio was 70.16, with a forward P/E of 90.09 as reported by Yahoo Finance.
On September 1, the stock was at $45. It faced pressure following provincial elections on September 7 but later recovered. Goldman Sachs initiated coverage with a buy rating and a $54 price target. Citi also issued a buy rating with a $51 target.
On October 23, Golar confirmed that all conditions for a 20-year charter of its MKII FLNG with Southern Energy in Argentina were fulfilled. This secures a long-term revenue stream.
The recent election in Argentina, where Javier Milei is expected to win by a large margin, has reduced political risk. This outcome may accelerate merger and acquisition discussions that were previously on hold.
Goldman Sachs noted that if FOB prices average $9 per mmbtu, roughly $10.50 for JKM and TTF benchmarks, it could add $2.2 billion to EBITDA backlog. This is primarily from Argentina assets and Golar's stake in SESA.
Earnings are scheduled for November 5. The stock appears positioned to break above $46, near its recent high. Secured charters, commodity exposure, and reduced political risk support this outlook.
In February 2025, Value Science published a bullish thesis on Golar LNG, highlighting FLNG leadership and contract upside. The stock has depreciated about 4.36% since then. justfactstruth recently shared a similar view on X.com, emphasizing macro and political developments including the Argentina election and MKII FLNG charter.
According to database information, 52 hedge fund portfolios held Golar LNG at the end of the second quarter, down from 53 in the previous quarter. The company is not on a list of the 30 most popular stocks among hedge funds.