Published on 23 Jun 2023 on Zacks via Yahoo Finance
Here's Why You Should Retain Golar LNG (GLNG) Stock Now
Golar LNG Limited GLNG is benefiting from its shareholder-friendly measures and solid liquidity. However, rising operating expenses are concerns.
Factors Favoring GLNG
Efforts to reward its shareholders through share buybacks are very encouraging. As of first-quarter 2023, GLNG had 107.4 million shares issued and outstanding. There were also 1.4 million outstanding stock options with an average price of $15.74 per share, 0.2 million unvested restricted stock units and 0.04 million unvested performance stock units awarded. Furthermore, GLNG’s board of directors recently approved a buyback program of up to $150 million. This reflects GLNG's shareholder-friendly approach.