Here's Why Investors Should Buy GLNG Stock Now

Core Viewpoint - Golar LNG Limited (GLNG) is enhancing its position in the floating LNG (FLNG) sector through strategic acquisitions, leading to impressive share price performance and potential investment opportunities [1]. Factors Favoring GLNG Stock - The company's shares have surged 92% over the past six months, significantly outperforming the industry's decline of 16.7% [2]. Earnings Estimates and Performance - The Zacks Consensus Estimate for earnings per share has been revised upward by 17.1% for Q4 2024 and by 2.5% for 2025, indicating strong broker confidence in the stock [3]. - Golar LNG has a positive earnings surprise history, exceeding the Zacks Consensus Estimate in three of the last four quarters with an average surprise of 30.2% [4]. Growth Factors - Golar LNG's acquisition of minority interests in the FLNG Hilli for $90.2 million strengthens its market position. The FLNG Hilli is contracted with Perenco in Cameroon until 2026 and will move to Argentina under a 20-year contract, contributing an additional$0.5 billion to adjusted EBITDA backlog [5]. Shareholder Returns - In 2023, Golar LNG distributed over $168 million in dividends and buybacks, with a recent dividend payout of$0.25 per share in Q3 2024. There remains $74.1 million available from a$150 million share buyback scheme [6]. Financial Position - As of the end of Q3 2024, Golar LNG held approximately $732 million in cash and cash equivalents, with a net debt of$646 million. The current ratio was 1.55, indicating sufficient liquidity to meet debt obligations [7][8].