Golar LNG Partners Given Average Recommendation of “Hold” by Brokerages (NASDAQ:GMLP)
Shares of Golar LNG Partners (NASDAQ:GMLP) have been given an average recommendation of “Hold” by the seven analysts that are currently covering the company, American Banking & Market News reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $34.95.
A number of analysts have recently weighed in on GMLP shares. Analysts at Evercore Partners cut their price target on shares of Golar LNG Partners from $38.00 to $35.00 in a research note on Thursday, May 29th. They now have an “overweight” rating on the stock. Separately, analysts at Stifel Nicolaus initiated coverage on shares of Golar LNG Partners in a research note on Friday, May 23rd. They set a “buy” rating and a $36.00 price target on the stock. Finally, analysts at Jefferies Group downgraded shares of Golar LNG Partners to a “hold” rating in a research note on Monday, April 21st.
Shares of Golar LNG Partners (NASDAQ:GMLP) traded down 0.09% on Friday, hitting $33.42. The stock had a trading volume of 42,715 shares. Golar LNG Partners has a 52 week low of $27.55 and a 52 week high of $34.78. The stock’s 50-day moving average is $31.45 and its 200-day moving average is $30.4.
Golar LNG Partners (NASDAQ:GMLP) last announced its earnings results on Wednesday, May 28th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.50 by $0.22.
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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