Golar LNG (GLNG) Surges 5.5%: Is This an Indication of Further Gains?

Golar LNG is the sole provider of floating LNG or liquefied natural gas as a service. GLNG ranks first in terms of FLNG capacity. The FLNG market is growing due to its economic viability and is expected to display significant capacity growth, particularly in Africa and North America. The buoyant nature of the FLNG market has resulted in the GLNG stock gaining 33% year to date. While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research sho ...