Golar LNG Partners Stock Rating Upgraded by Zacks (GMLP)
Golar LNG Partners (NASDAQ:GMLP) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Thursday. The firm currently has a $41.10 target price on the stock. Zacks‘s price objective would indicate a potential upside of 9.40% from the company’s current price.
A number of other firms have also recently commented on GMLP. Analysts at Stifel Nicolaus raised their price target on shares of Golar LNG Partners from $40.00 to $42.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Evercore Partners raised their price target on shares of Golar LNG Partners from $35.00 to $38.00 in a research note on Wednesday. Finally, analysts at Clarkson Capital raised their price target on shares of Golar LNG Partners from $38.00 to $44.00 in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $39.35.
Shares of Golar LNG Partners (NASDAQ:GMLP) traded up 0.75% on Thursday, hitting $37.85. 90,873 shares of the company’s stock traded hands. Golar LNG Partners has a 52-week low of $27.55 and a 52-week high of $38.50. The stock has a 50-day moving average of $35.55 and a 200-day moving average of $32.66.
Golar LNG Partners LP (NASDAQ:GMLP) is a limited partnership formed as a wholly owned subsidiary of Golar LNG Limited (Golar), an independent owner and operator of floating storage re-gasification units (FSRUs) and liquefied natural gas (LNG) carriers, to own and operate FSRUs and LNG carriers under long-term charters.
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