Somewhat Favorable News Coverage Somewhat Unlikely to Affect Golar LNG Partners (GMLP) Stock Price

Headlines about Golar LNG Partners (NASDAQ:GMLP) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Golar LNG Partners earned a news impact score of 0.11 on Accern’s scale. Accern also gave news stories about the shipping company an impact score of 47.0157971998504 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the news stories that may have impacted Accern’s analysis:

Several brokerages recently issued reports on GMLP. Stifel Nicolaus set a $23.00 target price on shares of Golar LNG Partners and gave the stock a “hold” rating in a report on Thursday. BidaskClub raised shares of Golar LNG Partners from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Zacks Investment Research cut shares of Golar LNG Partners from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Morgan Stanley reissued an “equal weight” rating and set a $22.00 target price (down previously from $24.00) on shares of Golar LNG Partners in a report on Tuesday, June 13th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $26.00 target price on shares of Golar LNG Partners in a report on Monday, June 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Golar LNG Partners has a consensus rating of “Hold” and a consensus target price of $23.25.

Golar LNG Partners (NASDAQ:GMLP) traded down 0.05% on Friday, reaching $20.00. 263,430 shares of the company’s stock were exchanged. Golar LNG Partners has a 1-year low of $18.13 and a 1-year high of $25.82. The company has a market capitalization of $1.41 billion, a P/E ratio of 7.20 and a beta of 0.93. The firm has a 50-day moving average price of $20.98 and a 200-day moving average price of $21.63.

Golar LNG Partners (NASDAQ:GMLP) last released its earnings results on Wednesday, May 31st. The shipping company reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by $0.11. Golar LNG Partners had a return on equity of 28.97% and a net margin of 40.50%. The firm had revenue of $101.39 million during the quarter, compared to analyst estimates of $100.79 million. Equities research analysts expect that Golar LNG Partners will post $2.29 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Friday, August 4th were paid a $0.5775 dividend. This represents a $2.31 annualized dividend and a dividend yield of 11.55%. The ex-dividend date of this dividend was Wednesday, August 2nd. Golar LNG Partners’s dividend payout ratio (DPR) is presently 82.21%.

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Golar LNG Partners Company Profile

Golar LNG Partners LP owns and operates floating storage regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term time charters. The Company operates through the LNG market segment. The Company’s fleet consists of approximately six FSRUs and over four LNG carriers. The Company’s FSRU vessels include Golar Spirit, Golar Winter, Golar Freeze, NR Satu, Golar Igloo and Golar Eskimo.

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