Golar LNG Partners Receives Average Rating of “Hold” from Analysts (NASDAQ:GMLP)
Shares of Golar LNG Partners (NASDAQ:GMLP) have earned a consensus recommendation of “Hold” from the seven analysts that are covering the stock, AnalystRatings.NET reports. Five equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $34.95.
Golar LNG Partners (NASDAQ:GMLP) traded down 2.45% during mid-day trading on Tuesday, hitting $33.67. The stock had a trading volume of 35,671 shares. Golar LNG Partners has a one year low of $27.55 and a one year high of $38.50. The stock has a 50-day moving average of $35.37 and a 200-day moving average of $31.85.
Golar LNG Partners (NASDAQ:GMLP) last posted its quarterly earnings results on Wednesday, May 28th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.22.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, August 12th. Investors of record on Thursday, July 31st will be paid a dividend of $0.5475 per share. This represents a $2.19 annualized dividend and a dividend yield of 6.35%. The ex-dividend date is Tuesday, July 29th.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. downgraded shares of Golar LNG Partners from a “buy” rating to a “neutral” rating in a research note on Tuesday. Separately, 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. Finally, 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.
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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