Golar LNG Partners LP (NASDAQ:GMLP) has been given an average rating of “Hold” by the seven ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $23.33.

GMLP has been the topic of several recent analyst reports. BidaskClub raised Golar LNG Partners from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Jefferies Group LLC reaffirmed a “buy” rating and set a $26.00 price target on shares of Golar LNG Partners in a research report on Tuesday, September 26th. Morgan Stanley reaffirmed an “equal weight” rating and set a $22.00 price target (down previously from $24.00) on shares of Golar LNG Partners in a research report on Tuesday, June 13th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Golar LNG Partners in a research report on Friday, September 22nd. Finally, Zacks Investment Research raised Golar LNG Partners from a “sell” rating to a “hold” rating in a research report on Friday, September 1st.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Golar LNG Partners by 0.8% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 16,380 shares of the shipping company’s stock worth $366,000 after acquiring an additional 130 shares during the period. Royal Bank of Canada boosted its stake in shares of Golar LNG Partners by 1.1% during the 2nd quarter. Royal Bank of Canada now owns 41,584 shares of the shipping company’s stock worth $834,000 after acquiring an additional 448 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Golar LNG Partners by 5.9% during the 2nd quarter. Alliancebernstein L.P. now owns 10,223 shares of the shipping company’s stock worth $205,000 after acquiring an additional 572 shares during the period. California Public Employees Retirement System boosted its stake in shares of Golar LNG Partners by 0.4% during the 2nd quarter. California Public Employees Retirement System now owns 168,300 shares of the shipping company’s stock worth $3,378,000 after acquiring an additional 600 shares during the period. Finally, Bronfman E.L. Rothschild L.P. boosted its stake in shares of Golar LNG Partners by 12.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,655 shares of the shipping company’s stock worth $113,000 after acquiring an additional 620 shares during the period. Institutional investors own 45.47% of the company’s stock.

Shares of Golar LNG Partners (NASDAQ GMLP) traded up 0.26% during midday trading on Friday, hitting $22.93. The company had a trading volume of 64,274 shares. The firm has a market capitalization of $1.50 billion, a P/E ratio of 8.39 and a beta of 0.95. Golar LNG Partners has a 12-month low of $18.32 and a 12-month high of $25.82. The firm’s 50-day moving average is $22.08 and its 200-day moving average is $21.33.

Golar LNG Partners (NASDAQ:GMLP) last posted its quarterly earnings results on Wednesday, August 30th. The shipping company reported $0.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.12. Golar LNG Partners had a return on equity of 31.69% and a net margin of 43.94%. On average, analysts predict that Golar LNG Partners will post $2.11 earnings per share for the current fiscal year.

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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.

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