Golar LNG Partners LP (GMLP) Receives Average Rating of “Buy” from Brokerages

Shares of Golar LNG Partners LP (NASDAQ:GMLP) have been given a consensus rating of “Buy” by the eight ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $23.75.

Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Golar LNG Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Jefferies Group reaffirmed a “buy” rating and set a $26.00 target price on shares of Golar LNG Partners in a research note on Tuesday, September 26th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Golar LNG Partners in a research note on Friday, September 22nd. ValuEngine raised shares of Golar LNG Partners from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, ABN Amro began coverage on shares of Golar LNG Partners in a research note on Monday, October 30th. They set a “buy” rating for the company.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Huber Capital Management LLC grew its stake in Golar LNG Partners by 14.2% during the second quarter. Huber Capital Management LLC now owns 1,764,626 shares of the shipping company’s stock valued at $35,416,000 after acquiring an additional 219,511 shares in the last quarter. FMR LLC grew its stake in Golar LNG Partners by 4.7% during the second quarter. FMR LLC now owns 1,251,660 shares of the shipping company’s stock valued at $25,121,000 after acquiring an additional 55,760 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Golar LNG Partners by 96.4% during the second quarter. Goldman Sachs Group Inc. now owns 916,507 shares of the shipping company’s stock valued at $18,394,000 after acquiring an additional 449,868 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Golar LNG Partners by 37.5% during the third quarter. JPMorgan Chase & Co. now owns 666,827 shares of the shipping company’s stock valued at $15,110,000 after acquiring an additional 181,868 shares in the last quarter. Finally, First Trust Advisors LP purchased a new position in Golar LNG Partners during the second quarter valued at $9,812,000. 46.85% of the stock is owned by institutional investors.

Shares of Golar LNG Partners (NASDAQ:GMLP) opened at $22.63 on Friday. The company has a market cap of $1,610.38, a price-to-earnings ratio of 8.70, a PEG ratio of 1.44 and a beta of 0.88. Golar LNG Partners has a 52-week low of $18.77 and a 52-week high of $25.82. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.00 and a current ratio of 1.01.

COPYRIGHT VIOLATION WARNING: This piece was reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this piece can be read at https://www.thelincolnianonline.com/2018/01/13/golar-lng-partners-lp-gmlp-receives-average-rating-of-buy-from-brokerages-updated-updated.html.

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.

Analyst Recommendations for Golar LNG Partners (NASDAQ:GMLP)

Receive News & Ratings for Golar LNG Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golar LNG Partners and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply