uploads/2017/12/LNG-stock-perf-1.jpg

Golar LNG: 3rd-Best Performing Stock in the LNG Carrier Space

By

Updated

YTD performance

Behind Teekay LNG Partners (TGP) and GasLog (GLOG), Golar LNG (GLNG) was the third-best-performing stock in 2017 among the LNG carrier companies. On December 20, 2017, Golar LNG stock rose 25.5% year-to-date.

TGP and GLOG returned 36.6% and 28.8% year-to-date, respectively. Golar LNG has outperformed the shipping ETF and the broad equity market indexes. Since December 30, 2016, Guggenheim Shipping ETF (SEA) has risen 0.87%.

As of December 20, 2017, the Dow Jones Industrial Average (DIA) has risen 25.2%, and the SPDR S&P 500 ETF (SPY) has risen 19.5% during the same period.

Golar LNG (GLNG) stock has performed particularly well since mid-September 2017. Its stock price has risen 40.6% in the last three months. Golar LNG rose to a 52-week high of $29.36 on December 18, 2017.

About Golar LNG

Golar LNG is an LNG shipping company, and its fleet comprises 26 vessels. The company operates three type of vessels—LNG carriers, floating storage and regasification units, and floating liquefaction vessels.

Golar LNG provides its services to leading participants in the LNG industry, including Shell (RDS.A), Petrobras (PBR), Dubai Supply Authority, and Kuwait National Petroleum Company.

3Q17 results

Golar LNG reported an operating loss of $22.9 million in 3Q17 compared to $24.0 million in 2Q17. Its EBITDA[1. earnings before interest, tax, depreciation, and amortization] for 3Q17 was $5.5 million—down from $6.6 million in 2Q17.

More From Market Realist