Golar LNG Partners (GMLP) Announces Quarterly Earnings, Beats Expectations By $0.17 EPS
Golar LNG Partners (NASDAQ:GMLP) posted its quarterly earnings results on Friday. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.17, American Banking News.com reports.
Golar LNG Partners (NASDAQ:GMLP) opened at 37.51 on Friday. Golar LNG Partners has a one year low of $27.55 and a one year high of $38.50. The stock’s 50-day moving average is $35.96 and its 200-day moving average is $32.91.
A number of research firms have recently commented on GMLP. Analysts at RBC Capital raised their price target on shares of Golar LNG Partners from $34.00 to $39.00 in a research note on Friday, August 29th. On a related note, analysts at Zacks upgraded shares of Golar LNG Partners from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 28th. They now have a $41.10 price target on the stock. Finally, 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, August 27th. They now have a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target 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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