Golar LNG Partners Price Target Raised to $39.00 at RBC Capital (GMLP)
Equities research analysts at RBC Capital upped their target price on shares of Golar LNG Partners (NASDAQ:GMLP) from $34.00 to $39.00 in a research note issued to investors on Friday. RBC Capital’s price objective points to a potential upside of 2.58% from the stock’s previous close.
Shares of Golar LNG Partners (NASDAQ:GMLP) traded up 1.20% during mid-day trading on Friday, hitting $38.08. 173,346 shares of the company’s stock traded hands. Golar LNG Partners has a 1-year low of $27.55 and a 1-year high of $38.50. The stock has a 50-day moving average of $35.60 and a 200-day moving average of $32.70.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Golar LNG Partners from a “neutral” rating to an “outperform” rating in a research note on Thursday. They now have a $41.10 price target on the stock. Separately, 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. Finally, 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. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Golar LNG Partners has an average rating of “Hold” and an average target price of $39.30.
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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