Golar LNG Partners LP (GMLP) Upgraded to “Buy” at BidaskClub

Golar LNG Partners LP (NASDAQ:GMLP) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, July 31st.

Several other research firms also recently commented on GMLP. Zacks Investment Research downgraded shares of Golar LNG Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. ValuEngine downgraded shares of Golar LNG Partners from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 3rd. Stifel Nicolaus reiterated a “hold” rating and issued a $23.00 price target on shares of Golar LNG Partners in a research report on Friday, July 14th. Seaport Global Securities reiterated a “neutral” rating and issued a $22.00 price target on shares of Golar LNG Partners in a research report on Tuesday, May 30th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $22.00 price target (down previously from $24.00) on shares of Golar LNG Partners in a research report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $23.25.

Shares of Golar LNG Partners (NASDAQ:GMLP) traded up 1.30% during midday trading on Monday, hitting $20.23. The company had a trading volume of 324,196 shares. The firm has a market capitalization of $1.43 billion, a P/E ratio of 7.28 and a beta of 0.93. The stock has a 50 day moving average price of $20.99 and a 200 day moving average price of $21.78. Golar LNG Partners has a 1-year low of $18.13 and a 1-year high of $25.82.

Golar LNG Partners (NASDAQ:GMLP) last issued its earnings results on Wednesday, May 31st. The shipping company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by $0.11. Golar LNG Partners had a net margin of 40.50% and a return on equity of 28.97%. The company had revenue of $101.39 million during the quarter, compared to analyst estimates of $100.79 million. On average, equities analysts anticipate that Golar LNG Partners will post $2.29 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This news story was originally published by BNB Daily and is owned by of BNB Daily. If you are viewing this news story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://www.baseball-news-blog.com/2017/08/13/golar-lng-partners-lp-gmlp-lifted-to-buy-at-bidaskclub-updated.html.

A number of institutional investors have recently made changes to their positions in the company. OppenheimerFunds Inc. increased its position in shares of Golar LNG Partners by 19.9% in the first quarter. OppenheimerFunds Inc. now owns 5,426,511 shares of the shipping company’s stock worth $121,228,000 after buying an additional 901,925 shares during the last quarter. Kayne Anderson Capital Advisors LP increased its position in shares of Golar LNG Partners by 2.2% in the first quarter. Kayne Anderson Capital Advisors LP now owns 4,343,883 shares of the shipping company’s stock worth $97,031,000 after buying an additional 92,500 shares in the last quarter. Huber Capital Management LLC increased its position in shares of Golar LNG Partners by 14.2% in the second quarter. Huber Capital Management LLC now owns 1,764,626 shares of the shipping company’s stock worth $35,416,000 after buying an additional 219,511 shares in the last quarter. Clearbridge Investments LLC increased its position in shares of Golar LNG Partners by 29.0% in the first quarter. Clearbridge Investments LLC now owns 1,533,549 shares of the shipping company’s stock worth $34,259,000 after buying an additional 345,000 shares in the last quarter. Finally, FMR LLC increased its position in shares of Golar LNG Partners by 4.7% in the second quarter. FMR LLC now owns 1,251,660 shares of the shipping company’s stock worth $25,121,000 after buying an additional 55,760 shares in the last quarter. Institutional investors own 77.50% of the company’s stock.

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.

Receive News & Ratings for Golar LNG Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golar LNG Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply