Golar LNG Partners (GMLP) Lowered to “Sell” at BidaskClub

BidaskClub lowered shares of Golar LNG Partners (NASDAQ:GMLP) from a hold rating to a sell rating in a report published on Saturday.

A number of other brokerages have also weighed in on GMLP. Zacks Investment Research lowered shares of Golar LNG Partners from a hold rating to a sell rating in a research report on Tuesday, January 9th. ValuEngine lowered shares of Golar LNG Partners from a buy rating to a hold rating in a research report on Sunday, December 31st. Jefferies Group reiterated a buy rating and set a $26.00 target price on shares of Golar LNG Partners in a research report on Tuesday, September 26th. Stifel Nicolaus reiterated a hold rating on shares of Golar LNG Partners in a research report on Friday, September 22nd. Finally, ABN Amro began coverage on shares of Golar LNG Partners in a research report on Monday, October 30th. They set a buy rating for the company. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $23.75.

Golar LNG Partners (GMLP) opened at $23.22 on Friday. The firm has a market cap of $1,610.00, a PE ratio of 10.23, a P/E/G ratio of 2.01 and a beta of 0.87. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 1.95. Golar LNG Partners has a 1 year low of $18.77 and a 1 year high of $25.82.

Golar LNG Partners (NASDAQ:GMLP) last issued its earnings results on Monday, December 11th. The shipping company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). Golar LNG Partners had a return on equity of 25.88% and a net margin of 38.29%. equities analysts forecast that Golar LNG Partners will post 1.76 EPS for the current year.

Several institutional investors have recently made changes to their positions in the company. Huber Capital Management LLC lifted its holdings in shares of Golar LNG Partners by 14.2% in the second quarter. Huber Capital Management LLC now owns 1,764,626 shares of the shipping company’s stock worth $35,416,000 after buying an additional 219,511 shares in the last quarter. FMR LLC lifted its holdings in shares of Golar LNG Partners by 4.7% in the second quarter. FMR LLC now owns 1,251,660 shares of the shipping company’s stock worth $25,121,000 after buying an additional 55,760 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Golar LNG Partners by 96.4% in the second quarter. Goldman Sachs Group Inc. now owns 916,507 shares of the shipping company’s stock worth $18,394,000 after buying an additional 449,868 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Golar LNG Partners by 37.5% in the third quarter. JPMorgan Chase & Co. now owns 666,827 shares of the shipping company’s stock worth $15,110,000 after buying an additional 181,868 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in shares of Golar LNG Partners by 0.4% in the second quarter. California Public Employees Retirement System now owns 168,300 shares of the shipping company’s stock worth $3,378,000 after buying an additional 600 shares in the last quarter. 46.85% of the stock is currently owned by hedge funds and other institutional investors.

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About Golar LNG Partners

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.

Analyst Recommendations for Golar LNG Partners (NASDAQ:GMLP)

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