BidaskClub downgraded shares of Golar LNG Partners (NASDAQ:GMLP) from a hold rating to a sell rating in a research note released on Friday morning, BidAskClub reports.

A number of other research analysts also recently commented on GMLP. Zacks Investment Research upgraded Golar LNG Partners from a sell rating to a hold rating in a research note on Friday, May 24th. TheStreet downgraded Golar LNG Partners from a c rating to a d+ rating in a research note on Friday, June 7th. Bank of America downgraded Golar LNG Partners from a neutral rating to an underperform rating and set a $12.00 price objective for the company. in a research note on Friday, March 1st. ValuEngine upgraded Golar LNG Partners from a sell rating to a hold rating in a research note on Tuesday, March 12th. Finally, B. Riley set a $17.00 price objective on Golar LNG Partners and gave the stock a hold rating in a research note on Thursday, February 28th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $13.67.

GMLP stock opened at $11.05 on Friday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.08 and a current ratio of 1.10. The firm has a market cap of $787.59 million, a price-to-earnings ratio of 10.52, a P/E/G ratio of 1.42 and a beta of 1.12. Golar LNG Partners has a 12-month low of $10.23 and a 12-month high of $16.99. The firm’s 50 day moving average price is $11.52.

Golar LNG Partners (NASDAQ:GMLP) last posted its quarterly earnings results on Tuesday, May 21st. The shipping company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.02). The firm had revenue of $68.05 million for the quarter, compared to analyst estimates of $70.94 million. Golar LNG Partners had a net margin of 12.69% and a return on equity of 10.05%. On average, equities research analysts forecast that Golar LNG Partners will post 0.98 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of GMLP. Lavaca Capital LLC bought a new position in Golar LNG Partners during the 1st quarter worth $39,000. SeaBridge Investment Advisors LLC grew its stake in shares of Golar LNG Partners by 50.0% in the first quarter. SeaBridge Investment Advisors LLC now owns 6,000 shares of the shipping company’s stock worth $77,000 after purchasing an additional 2,000 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Golar LNG Partners by 12.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 11,440 shares of the shipping company’s stock worth $123,000 after purchasing an additional 1,240 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Golar LNG Partners by 1,099.7% in the fourth quarter. Deutsche Bank AG now owns 11,997 shares of the shipping company’s stock worth $128,000 after purchasing an additional 10,997 shares in the last quarter. Finally, Regent Investment Management LLC bought a new position in shares of Golar LNG Partners in the first quarter worth $142,000. Hedge funds and other institutional investors own 32.70% of the company’s stock.

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 March 15, 2019, 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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