Golar LNG Partners (NASDAQ:GMLP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

According to Zacks, “Golar LNG Partners LP is a limited partnership primarily focused on owning and operating floating storage and regasification units (or FSRUs) and LNG carriers under long-term charters. Golar LNG Partners LP is based in Hamilton, Bermuda. “

Several other research analysts have also recently weighed in on the stock. ABN Amro assumed coverage on shares of Golar LNG Partners in a research report on Monday, October 30th. They issued a “buy” rating for the company. Jefferies Group restated a “buy” rating and issued a $26.00 price objective on shares of Golar LNG Partners in a research report on Tuesday, September 26th. Stifel Nicolaus reiterated a “hold” rating on shares of Golar LNG Partners in a research report on Friday, September 22nd. Finally, ValuEngine upgraded shares of Golar LNG Partners from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $23.25.

Golar LNG Partners (NASDAQ:GMLP) traded up $0.06 during mid-day trading on Friday, reaching $20.05. 222,649 shares of the company traded hands, compared to its average volume of 317,217. The company has a quick ratio of 1.77, a current ratio of 1.78 and a debt-to-equity ratio of 2.01. Golar LNG Partners has a 1 year low of $18.77 and a 1 year high of $25.82. The company has a market cap of $1,390.00, a PE ratio of 6.99, a PEG ratio of 1.24 and a beta of 0.92.

Golar LNG Partners (NASDAQ:GMLP) last posted its quarterly earnings data on Wednesday, August 30th. The shipping company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.12. Golar LNG Partners had a net margin of 43.94% and a return on equity of 31.12%. equities research analysts anticipate that Golar LNG Partners will post 1.87 earnings per share for the current year.

Institutional investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA bought a new stake in shares of Golar LNG Partners in the 3rd quarter valued at $108,000. Bronfman E.L. Rothschild L.P. increased its position in shares of Golar LNG Partners by 12.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,655 shares of the shipping company’s stock valued at $113,000 after buying an additional 620 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Golar LNG Partners by 5.9% in the 2nd quarter. Alliancebernstein L.P. now owns 10,223 shares of the shipping company’s stock valued at $205,000 after buying an additional 572 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Golar LNG Partners by 2.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 16,741 shares of the shipping company’s stock valued at $336,000 after buying an additional 361 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Golar LNG Partners in the 3rd quarter valued at $344,000. Institutional investors own 46.85% of the company’s stock.

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About Golar LNG Partners

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.

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