CLCO Stock Recent News

Liquified natural gas continues to grow despite the rise of renewable energy sources. Cool Company operates LNG carriers and is well-positioned to benefit from the increasing demand for LNG. CLCO has an appealing valuation with a low earnings multiple and strong earnings growth potential, making it a buy.

CLCO owns and operates fuel-efficient LNG carriers, providing essential supply chain support to the energy industry. I believe it can sustain this dividend for the next two quarters as well, which makes the annual dividend $1.64, representing a dividend yield of 11.95%. After comparing the forward P/S ratio of 1.55x with the sector median of 1.57x, we can say that the company is undervalued.

Cool Company Ltd. (CLCO) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks.

Cool Company Limited (NYSE:CLCO ) Q2 2023 Results Conference Call August 31, 2023 8:00 AM ET Company Participants Richard Tyrrell - CEO Johannes Boots - CFO Conference Call Participants Chris Tsung - Webber Research Liam Burke - B. Riley Frode Morkedal - Clarksons Securities Operator Good morning ladies and gentlemen, and welcome to the Cool Company Limited First Half 2023 Business Update Call.

--(BUSINESS WIRE)--Cool Company Ltd. (NYSE: CLCO / CLCO.OL) (“CoolCo” or the “Company”) will host a First Half 2023 Earnings call and webcast presentation on Thursday, August 31, 2023, at 8:00 A.M. New York / 2:00 P.M. Oslo / 1:00 P.M. London. The presentation will be available to download from the Webcasts and Presentations subsection of the Investors section of the Company's website at www.coolcoltd.com. We recommend that participants join the conference call via the listen-only live webcast.

The LNG market has stabilized, leading to a slowdown in the LNG shipping sector, with the UP World LNG Shipping Index declining 3.79% in Q2. Despite the slowdown, big investors are showing interest in the industry, with recent IPOs, merger deals, and takeovers, and investors maintaining faith in the sector's potential. The worst part of the year for LNG shippers is over, and positive expectations for the upcoming winter season could impact the UPI, potentially pushing it to cross the 155 mark in Q2.