Wednesday, March 30, 2022 10:57:14 AM
Golar LNG is one of 140 individual stocks in the Transportation sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Golar LNG is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for GLNG's full-year earnings has moved 72% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, GLNG has gained about 89.2% so far this year. In comparison, Transportation companies have returned an average of 1.7%. This shows that Golar LNG is outperforming its peers so far this year.
One other Transportation stock that has outperformed the sector so far this year is Matson (MATX). The stock is up 35.2% year-to-date.
For Matson, the consensus EPS estimate for the current year has increased 149.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Golar LNG is a member of the Transportation - Shipping industry, which includes 43 individual companies and currently sits at #90 in the Zacks Industry Rank. On average, this group has gained an average of 36% so far this year, meaning that GLNG is performing better in terms of year-to-date returns.
Matson, however, belongs to the Transportation - Services industry. Currently, this 30-stock industry is ranked #54. The industry has moved -5.7% so far this year.
Going forward, investors interested in Transportation stocks should continue to pay close attention to Golar LNG and Matson as they could maintain their solid performance.
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Golar LNG Limited (GLNG): Free Stock Analysis Report
Matson, Inc. (MATX): Free Stock Analysis Report
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Recent GLNG News
- Golar LNG Limited – Q1 2024 results presentation • GlobeNewswire Inc. • 04/25/2024 06:41:48 PM
- Golar LNG Limited - Announcement of filing of Form 20-F Annual Report • GlobeNewswire Inc. • 03/28/2024 09:47:27 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/29/2024 11:35:15 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/29/2024 11:28:44 AM
- Key information relating to the cash dividend to be paid by Golar LNG Limited • GlobeNewswire Inc. • 02/29/2024 10:50:30 AM
- Golar LNG Limited preliminary fourth quarter and financial year 2023 results • GlobeNewswire Inc. • 02/29/2024 10:45:33 AM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/08/2024 06:01:32 PM
- Golar LNG Limited – Q4 2023 results presentation • GlobeNewswire Inc. • 02/05/2024 09:58:42 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/10/2024 10:13:20 PM
- FLNG Gimi arrives at GTA field offshore Mauritania/Senegal • GlobeNewswire Inc. • 01/10/2024 09:02:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/07/2023 03:07:00 PM
- Update on re-sale of unsecured bonds held in treasury and share buyback • GlobeNewswire Inc. • 12/07/2023 02:37:23 PM
- Live Webinar on the LNG Shipping Sector with Senior Executives from Publicly Listed Companies: Tuesday, December 12, 2023, at 10 a.m. ET • GlobeNewswire Inc. • 12/04/2023 04:09:15 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/21/2023 04:59:03 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/21/2023 12:29:08 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/21/2023 12:16:18 PM
- Key information relating to the cash dividend to be paid by Golar LNG Limited • GlobeNewswire Inc. • 11/21/2023 11:35:15 AM
- Interim results for the period ended September 30, 2023 • GlobeNewswire Inc. • 11/21/2023 11:31:39 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/20/2023 11:10:05 AM
- FLNG Gimi delivered from Seatrium Shipyard and sailing for GTA • GlobeNewswire Inc. • 11/19/2023 10:12:32 PM
- Pioneer to Provide e-Boost Solution to Launch MACAW Energies' Low Carbon LNG to EV Charging in Texas • PR Newswire (US) • 11/17/2023 01:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 10/16/2023 11:23:38 AM
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