Golar LNG Partners LP (GMLP) Receives Average Recommendation of “Hold” from Analysts

Golar LNG Partners LP (NASDAQ:GMLP) has been given an average recommendation of “Hold” by the twelve brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $15.17.

Several brokerages recently commented on GMLP. BidaskClub downgraded shares of Golar LNG Partners from a “hold” rating to a “sell” rating in a research note on Friday, April 5th. Zacks Investment Research raised shares of Golar LNG Partners from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Tuesday, December 25th. ValuEngine upgraded shares of Golar LNG Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. B. Riley set a $17.00 price target on shares of Golar LNG Partners and gave the company a “hold” rating in a research report on Thursday, February 28th. Finally, Bank of America cut shares of Golar LNG Partners from a “neutral” rating to an “underperform” rating and set a $12.00 price target for the company. in a research report on Friday, March 1st.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Stockman Wealth Management Inc. increased its position in shares of Golar LNG Partners by 6.0% during the fourth quarter. Stockman Wealth Management Inc. now owns 14,050 shares of the shipping company’s stock worth $152,000 after buying an additional 800 shares during the period. Peak Asset Management LLC increased its position in shares of Golar LNG Partners by 2.9% during the fourth quarter. Peak Asset Management LLC now owns 42,837 shares of the shipping company’s stock worth $463,000 after buying an additional 1,227 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Golar LNG Partners by 12.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 11,440 shares of the shipping company’s stock worth $123,000 after buying an additional 1,240 shares during the period. SeaBridge Investment Advisors LLC increased its position in shares of Golar LNG Partners by 100.0% during the fourth quarter. SeaBridge Investment Advisors LLC now owns 4,000 shares of the shipping company’s stock worth $43,000 after buying an additional 2,000 shares during the period. Finally, Rafferty Asset Management LLC increased its position in shares of Golar LNG Partners by 1.6% during the fourth quarter. Rafferty Asset Management LLC now owns 138,411 shares of the shipping company’s stock worth $1,495,000 after buying an additional 2,116 shares during the period. Institutional investors own 33.47% of the company’s stock.

Shares of Golar LNG Partners stock traded down $0.09 on Thursday, reaching $12.73. 119,435 shares of the stock were exchanged, compared to its average volume of 288,587. Golar LNG Partners has a one year low of $10.23 and a one year high of $21.00. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 2.10. The company has a market cap of $910.23 million, a PE ratio of 12.12, a price-to-earnings-growth ratio of 1.45 and a beta of 1.17.

Golar LNG Partners (NASDAQ:GMLP) last issued its quarterly earnings results on Wednesday, February 27th. The shipping company reported ($0.27) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.58). Golar LNG Partners had a return on equity of 11.02% and a net margin of 21.11%. The firm had revenue of $80.00 million for the quarter, compared to the consensus estimate of $89.28 million. Research analysts forecast that Golar LNG Partners will post 1.1 earnings per share for the current year.

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 charters in Brazil, Indonesia, Jordan, Kuwait, and the United Arab Emirates. As of April 6, 2018, it had a fleet of six FSRUs and four LNG carriers. Golar GP LLC serves as the general partner of Golar LNG Partners LP.

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Analyst Recommendations for Golar LNG Partners (NASDAQ:GMLP)

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