Golar LNG Partners (GMLP) Cut to “Hold” at ValuEngine

ValuEngine cut shares of Golar LNG Partners (NASDAQ:GMLP) from a buy rating to a hold rating in a research report report published on Sunday, December 31st.

Several other research analysts have also recently issued reports on GMLP. Jefferies Group reiterated a buy rating and set a $26.00 target price on shares of Golar LNG Partners in a report on Tuesday, September 26th. BidaskClub upgraded shares of Golar LNG Partners from a sell rating to a hold rating in a report on Thursday, December 14th. Stifel Nicolaus restated a hold rating on shares of Golar LNG Partners in a report on Friday, September 22nd. Zacks Investment Research upgraded shares of Golar LNG Partners from a strong sell rating to a hold rating in a report on Tuesday, November 7th. Finally, ABN Amro began coverage on shares of Golar LNG Partners in a report on Monday, October 30th. They issued a buy rating on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $23.75.

Golar LNG Partners (NASDAQ:GMLP) opened at $22.74 on Friday. 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. The stock has a market cap of $1,570.00, a PE ratio of 10.02, a price-to-earnings-growth ratio of 2.01 and a beta of 0.87.

Large investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA bought a new stake in shares of Golar LNG Partners in the 3rd quarter valued at about $108,000. Bronfman E.L. Rothschild L.P. boosted its holdings 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. boosted its holdings 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. Jane Street Group LLC bought a new stake in shares of Golar LNG Partners in the 3rd quarter valued at about $344,000. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings 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. Institutional investors and hedge funds 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Golar LNG Partners (NASDAQ:GMLP)

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