BidaskClub upgraded shares of Golar LNG Partners (NASDAQ:GMLP) from a sell rating to a hold rating in a report issued on Friday morning.

A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Golar LNG Partners from a hold rating to a sell rating in a research note on Tuesday, January 9th. Stifel Nicolaus upgraded shares of Golar LNG Partners from a hold rating to a buy rating and lifted their price target for the stock from $23.00 to $25.00 in a research note on Monday, December 18th. Jefferies Group started coverage on shares of Golar LNG Partners in a research note on Monday, December 18th. They set a buy rating and a $26.00 price target on the stock. ABN Amro started coverage on shares of Golar LNG Partners in a research note on Monday, October 30th. They set a buy rating on the stock. Finally, ValuEngine downgraded shares of Golar LNG Partners from a buy rating to a hold rating in a research note on Sunday, December 31st. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $23.75.

Shares of Golar LNG Partners (NASDAQ:GMLP) opened at $20.91 on Friday. Golar LNG Partners has a 52 week low of $18.77 and a 52 week high of $23.95. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.00 and a current ratio of 1.01. The firm has a market cap of $1,450.00, a price-to-earnings ratio of 9.21, a price-to-earnings-growth ratio of 1.81 and a beta of 0.82.

Golar LNG Partners (NASDAQ:GMLP) last posted its quarterly earnings results on Monday, December 11th. The shipping company reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.03). Golar LNG Partners had a return on equity of 25.88% and a net margin of 38.29%. The business had revenue of $105.64 million for the quarter, compared to analyst estimates of $96.00 million. equities analysts forecast that Golar LNG Partners will post 1.76 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Wednesday, February 7th will be issued a dividend of $0.5775 per share. The ex-dividend date is Tuesday, February 6th. This represents a $2.31 dividend on an annualized basis and a dividend yield of 11.05%. Golar LNG Partners’s payout ratio is presently 101.76%.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Golar LNG Partners by 2.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 16,741 shares of the shipping company’s stock valued at $336,000 after acquiring an additional 361 shares during the period. Royal Bank of Canada lifted its holdings in shares of Golar LNG Partners by 1.1% during the second quarter. Royal Bank of Canada now owns 41,584 shares of the shipping company’s stock valued at $834,000 after acquiring an additional 448 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Golar LNG Partners by 5.9% during the second quarter. Alliancebernstein L.P. now owns 10,223 shares of the shipping company’s stock valued at $205,000 after acquiring an additional 572 shares during the period. California Public Employees Retirement System lifted its holdings in shares of Golar LNG Partners by 0.4% during the second quarter. California Public Employees Retirement System now owns 168,300 shares of the shipping company’s stock valued at $3,378,000 after acquiring an additional 600 shares during the period. Finally, Wasatch Advisors Inc. lifted its holdings in shares of Golar LNG Partners by 11.6% during the second quarter. Wasatch Advisors Inc. now owns 24,000 shares of the shipping company’s stock valued at $482,000 after acquiring an additional 2,500 shares during the period. 46.89% of the stock is owned by 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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