Golar LNG Partners LP (NASDAQ:GMLP) has earned a consensus recommendation of “Buy” from the eight brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $23.33.

Several brokerages have recently weighed in on GMLP. Jefferies Group LLC restated a “buy” rating on shares of Golar LNG Partners in a report on Tuesday, August 22nd. ValuEngine upgraded Golar LNG Partners from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Stifel Nicolaus restated a “hold” rating on shares of Golar LNG Partners in a report on Friday, September 22nd. Zacks Investment Research upgraded Golar LNG Partners from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, BidaskClub upgraded Golar LNG Partners from a “hold” rating to a “buy” rating in a report on Monday, July 31st.

Golar LNG Partners (NASDAQ:GMLP) last posted its quarterly earnings data on Wednesday, August 30th. The shipping company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.12. Golar LNG Partners had a return on equity of 31.12% and a net margin of 43.94%.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Monday, October 30th will be issued a dividend of $0.5775 per share. The ex-dividend date of this dividend is Friday, October 27th. This represents a $2.31 annualized dividend and a dividend yield of 10.61%. Golar LNG Partners’s payout ratio is presently 77.78%.

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Several large investors have recently modified their holdings of GMLP. Alliancebernstein L.P. bought a new position in shares of Golar LNG Partners during the first quarter valued at $216,000. FMR LLC increased its holdings in Golar LNG Partners by 11.2% in the 1st quarter. FMR LLC now owns 1,195,900 shares of the shipping company’s stock worth $26,716,000 after buying an additional 120,300 shares in the last quarter. California Public Employees Retirement System increased its holdings in Golar LNG Partners by 208.3% in the 1st quarter. California Public Employees Retirement System now owns 167,700 shares of the shipping company’s stock worth $3,746,000 after buying an additional 113,300 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Golar LNG Partners by 13.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 12,100 shares of the shipping company’s stock worth $271,000 after buying an additional 1,474 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Golar LNG Partners by 884.2% in the 1st quarter. Renaissance Technologies LLC now owns 281,517 shares of the shipping company’s stock worth $6,289,000 after buying an additional 252,912 shares in the last quarter. Hedge funds and other institutional investors own 44.80% of the company’s stock.

Golar LNG Partners Company Profile

Golar LNG Partners LP owns and operates floating storage regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term time charters. The Company operates through the LNG market segment. The Company’s fleet consists of approximately six FSRUs and over four LNG carriers. The Company’s FSRU vessels include Golar Spirit, Golar Winter, Golar Freeze, NR Satu, Golar Igloo and Golar Eskimo.

Analyst Recommendations for Golar LNG Partners (NASDAQ:GMLP)

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