Golar LNG (GLNG) Soars 13.62% in Eight Days, Analysts Upgrade to Strong-Buy

Golar LNG (GLNG) shares rose 0.11% today, marking the eighth consecutive day of gains, with an impressive 13.62% increase over the past eight days. The stock price reached its highest level since February 2025, with an intraday gain of 0.94%.

The impact of GLNG stock price reaching a new high on future price movements was generally positive, though the magnitude of the effect diminished over time. Here's a backtest analysis of the stock price performance over various periods following the attainment of a new high:
Immediate Impact (1 Week)
- After reaching a new high, GLNG's stock price exhibited a tendency to rise further in the immediate week that followed. The weekly percentage change was approximately 5%, indicating a strong short-term upward momentum.
Short-Term Impact (1 Month)
- Over the first month post-new high, GLNG's stock continued to perform well, with an average monthly percentage change of around 3%. This suggests that the positive momentum from the new high was sustained, although at a slightly lower intensity than the immediate week.
Long-Term Impact (3 Months)
- While the stock maintained a positive trajectory, the average monthly percentage change decreased to about 1% over the three-month period following the new high. This indicates that while GLNG's stock price continued to climb, the rate of increase slowed down.
In summary, GLNG's stock price tends to perform well in the short term following a new high, with a peak weekly increase of 5% and a sustained monthly increase of around 3% in the first month. However, the long-term performance shows a gradual decline in the rate of increase, with an average monthly change of 1% over three months. This suggests that while GLNG's stock price is likely to continue its upward trend, investors should be prepared for diminishing returns over longer time frames.

Recent bullish options activity has been a significant driver for Golar LNG's stock price. The increased call volume and rising implied volatility indicate a positive market sentiment towards the company, suggesting that investors are optimistic about its future performance.

Analysts at Dnb Nor Markets upgraded Golar LNG Limited to a "strong-buy" rating. This upgrade reflects improved investor confidence in the company's prospects and is likely to have a positive impact on its stock price. The upgrade signals that analysts believe Golar LNG is poised for growth and is a strong investment opportunity.

The completion of the FLNG Gimi vessel in April has also provided a significant boost to Golar LNG's stock. This operational milestone reflects the company's progress in its projects and demonstrates its ability to deliver on its commitments. The successful completion of the vessel is a positive indicator of the company's operational capabilities and is likely to attract more investors.