Golar LNG Partners (NASDAQ:GMLP)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Financial Group in a research note issued to investors on Friday.

GMLP has been the subject of a number of other reports. BidaskClub raised Golar LNG Partners from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 20th. B. Riley began coverage on Golar LNG Partners in a research report on Wednesday, September 5th. They set a “neutral” rating and a $17.00 price target for the company. DNB Markets downgraded Golar LNG Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, September 5th. ValuEngine raised Golar LNG Partners from a “sell” rating to a “hold” rating in a research report on Monday, September 24th. Finally, Berenberg Bank began coverage on Golar LNG Partners in a research report on Thursday, September 6th. They set a “hold” rating and a $13.00 price target for the company. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $18.75.

NASDAQ GMLP traded up $0.21 during trading hours on Friday, reaching $12.18. 9,932 shares of the company’s stock were exchanged, compared to its average volume of 365,987. Golar LNG Partners has a one year low of $11.59 and a one year high of $23.46. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.54 and a current ratio of 0.55. The stock has a market cap of $854.73 million, a price-to-earnings ratio of 6.50, a PEG ratio of 1.51 and a beta of 0.87.

Golar LNG Partners (NASDAQ:GMLP) last posted its earnings results on Monday, November 5th. The shipping company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.39. Golar LNG Partners had a return on equity of 16.95% and a net margin of 32.94%. The business had revenue of $108.23 million during the quarter, compared to analysts’ expectations of $89.64 million. On average, analysts predict that Golar LNG Partners will post 1 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in GMLP. Wedbush Securities Inc. boosted its position in Golar LNG Partners by 28.4% during the 2nd quarter. Wedbush Securities Inc. now owns 18,926 shares of the shipping company’s stock worth $293,000 after acquiring an additional 4,181 shares during the last quarter. Arrow Investment Advisors LLC boosted its holdings in shares of Golar LNG Partners by 12.6% in the 3rd quarter. Arrow Investment Advisors LLC now owns 31,172 shares of the shipping company’s stock valued at $447,000 after buying an additional 3,500 shares during the last quarter. Old Port Advisors acquired a new stake in shares of Golar LNG Partners in the 2nd quarter valued at approximately $465,000. Alps Advisors Inc. acquired a new stake in shares of Golar LNG Partners in the 2nd quarter valued at approximately $490,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Golar LNG Partners in the 3rd quarter valued at approximately $506,000. 37.61% of the stock is owned by hedge funds and other institutional investors.

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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