Golar LNG (GLNG) Soars 9.0%: Is Further Upside Left in the Stock?

Group 1 - Golar LNG (GLNG) shares increased by 9% to $41.53, following a significant trading volume, contrasting with a 6.1% loss over the past four weeks [1][2] - The company secured a 20-year charter agreement with Southern Energy for the 3.5 MTPA MKII FLNG, generating approximately $8 billion in net earnings backlog and a 30-year LNG export permit, which positively impacted share prices [2] - Golar LNG is expected to report quarterly earnings of $0.46 per share, reflecting a year-over-year decline of 13.2%, while revenues are projected to rise by 89.9% to $121.38 million [3] Group 2 - The consensus EPS estimate for Golar LNG has remained stable over the last 30 days, indicating that stock price movements may not sustain without earnings estimate revisions [4] - Golar LNG holds a Zacks Rank of 3 (Hold), similar to Petrobras, which has also seen a decline in its stock price over the past month [5][6]