Golar LNG Partners Downgraded by Zacks to “Neutral” (GMLP)
Golar LNG Partners (NASDAQ:GMLP) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, Stock Ratings Network reports. They currently have a $35.80 price target on the stock. Zacks‘ price objective would indicate a potential upside of 9.35% from the company’s current price.
GMLP has been the subject of a number of other recent research reports. Analysts at Jefferies Group cut their price target on shares of Golar LNG Partners (NASDAQ:GMLP) from $47.00 to $46.00 in a research note to investors on Friday, August 30th. They now have a “buy” rating on the stock. Separately, analysts at Evercore Partners raised their price target on shares of Golar LNG Partners (NASDAQ:GMLP) from $34.00 to $36.00 in a research note to investors on Friday, August 30th. They now have an “overweight” rating on the stock. Finally, analysts at Merrill Lynch upgraded shares of Golar LNG Partners (NASDAQ:GMLP) from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, July 10th.
One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. Golar LNG Partners presently has an average rating of “Buy” and an average target price of $37.37.
Golar LNG Partners (NASDAQ:GMLP) traded up 1.99% on Tuesday, hitting $33.39. The stock had a trading volume of 58,415 shares. Golar LNG Partners has a 52 week low of $25.52 and a 52 week high of $36.00. The stock has a 50-day moving average of $32.13 and a 200-day moving average of $32.52.
Golar LNG Partners LP (NASDAQ:GMLP) formed by Golar LNG Limited (Golar) to own and operate floating storage and regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term charters.
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