Golar LNG Partners LP (NASDAQ:GMLP) has received an average recommendation of “Hold” from the twelve analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $15.17.
Several analysts have weighed in on GMLP shares. BidaskClub downgraded Golar LNG Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, December 5th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Golar LNG Partners in a research note on Friday, December 7th. Zacks Investment Research raised Golar LNG Partners from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Monday, December 10th. ValuEngine raised Golar LNG Partners from a “strong sell” rating to a “sell” rating in a research note on Wednesday, December 12th. Finally, B. Riley set a $17.00 target price on Golar LNG Partners and gave the company a “hold” rating in a research note on Thursday, February 28th.
A number of institutional investors have recently made changes to their positions in GMLP. Mirae Asset Global Investments Co. Ltd. bought a new stake in Golar LNG Partners during the 3rd quarter valued at $6,931,000. Virtus Alternative Investment Advisers Inc. acquired a new position in shares of Golar LNG Partners during the 3rd quarter valued at $2,794,000. Jane Street Group LLC acquired a new position in shares of Golar LNG Partners during the 4th quarter valued at $1,047,000. FMR LLC increased its position in shares of Golar LNG Partners by 1.3% during the 4th quarter. FMR LLC now owns 6,976,827 shares of the shipping company’s stock valued at $75,350,000 after purchasing an additional 86,367 shares during the period. Finally, Huber Capital Management LLC increased its position in shares of Golar LNG Partners by 4.0% during the 3rd quarter. Huber Capital Management LLC now owns 2,000,105 shares of the shipping company’s stock valued at $28,662,000 after purchasing an additional 76,536 shares during the period. 33.63% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ GMLP opened at $12.96 on Friday. The company has a market capitalization of $923.88 million, a P/E ratio of 12.34, a P/E/G ratio of 1.45 and a beta of 1.17. Golar LNG Partners has a 12-month low of $10.23 and a 12-month high of $21.00. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.50 and a current ratio of 0.51.
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 charters in Brazil, Indonesia, Jordan, Kuwait, and the United Arab Emirates. As of April 6, 2018, it had a fleet of six FSRUs and four LNG carriers. Golar GP LLC serves as the general partner of Golar LNG Partners LP.
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