Golar LNG Partners (GMLP) Downgraded by BidaskClub

Golar LNG Partners (NASDAQ:GMLP) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Saturday.

A number of other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Golar LNG Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Stifel Nicolaus raised shares of Golar LNG Partners from a “hold” rating to a “buy” rating and upped their price target for the stock from $23.00 to $25.00 in a research report on Monday, December 18th. ABN Amro started coverage on shares of Golar LNG Partners in a research report on Monday, October 30th. They set a “buy” rating for the company. Jefferies Group started coverage on shares of Golar LNG Partners in a research report on Monday, December 18th. They set a “buy” rating and a $26.00 price target for the company. Finally, ValuEngine cut shares of Golar LNG Partners from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Golar LNG Partners presently has a consensus rating of “Hold” and a consensus price target of $23.75.

Golar LNG Partners (NASDAQ GMLP) traded up $0.53 during mid-day trading on Friday, hitting $22.94. The stock had a trading volume of 309,652 shares, compared to its average volume of 185,405. The firm has a market cap of $1,583.53, a P/E ratio of 8.76, a price-to-earnings-growth ratio of 1.96 and a beta of 0.87. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 1.95. Golar LNG Partners has a 1-year low of $18.77 and a 1-year high of $25.82.

Golar LNG Partners (NASDAQ:GMLP) last released its quarterly earnings data on Monday, December 11th. The shipping company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). Golar LNG Partners had a return on equity of 25.88% and a net margin of 38.29%. equities analysts forecast that Golar LNG Partners will post 1.76 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. boosted its position in 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 during the last quarter. Royal Bank of Canada boosted its position in Golar LNG Partners by 1.1% in the 2nd quarter. Royal Bank of Canada now owns 41,584 shares of the shipping company’s stock valued at $834,000 after buying an additional 448 shares during the last quarter. Alliancebernstein L.P. boosted its position in 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 during the last quarter. California Public Employees Retirement System boosted its position in Golar LNG Partners by 0.4% in the 2nd quarter. California Public Employees Retirement System now owns 168,300 shares of the shipping company’s stock valued at $3,378,000 after buying an additional 600 shares during the last quarter. Finally, Wasatch Advisors Inc. boosted its position in Golar LNG Partners by 11.6% in the 2nd quarter. Wasatch Advisors Inc. now owns 24,000 shares of the shipping company’s stock valued at $482,000 after buying an additional 2,500 shares during the last quarter. 46.85% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Golar LNG Partners (NASDAQ:GMLP)

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