Jefferies Group reiterated their buy rating on shares of Golar LNG Partners LP (NASDAQ:GMLP) in a research note published on Monday morning. The brokerage currently has a $25.00 price target on the stock.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Golar LNG Partners from a buy rating to a hold rating in a report on Wednesday, August 31st. Morgan Stanley set a $15.00 price target on shares of Golar LNG Partners and gave the company a hold rating in a report on Tuesday, September 6th.

Golar LNG Partners (NASDAQ:GMLP) traded down 0.55% during midday trading on Monday, hitting $21.75. 72,308 shares of the stock were exchanged. Golar LNG Partners has a 1-year low of $7.55 and a 1-year high of $22.42. The stock has a market cap of $1.36 billion, a PE ratio of 10.12 and a beta of 1.01. The company’s 50 day moving average is $19.62 and its 200-day moving average is $18.11.

Golar LNG Partners (NASDAQ:GMLP) last issued its earnings results on Wednesday, August 31st. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.61 by $0.16. On average, analysts expect that Golar LNG Partners will post $2.17 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in shares of Golar LNG Partners by 6.0% in the second quarter. JPMorgan Chase & Co. now owns 762,635 shares of the company’s stock worth $13,979,000 after buying an additional 42,886 shares during the period. Sippican Capital Advisors boosted its stake in shares of Golar LNG Partners by 84.0% in the second quarter. Sippican Capital Advisors now owns 24,375 shares of the company’s stock worth $447,000 after buying an additional 11,125 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Golar LNG Partners by 65.2% in the second quarter. PNC Financial Services Group Inc. now owns 7,600 shares of the company’s stock worth $139,000 after buying an additional 3,000 shares during the period. Spirit of America Management Corp NY boosted its stake in shares of Golar LNG Partners by 50.2% in the second quarter. Spirit of America Management Corp NY now owns 258,827 shares of the company’s stock worth $4,744,000 after buying an additional 86,513 shares during the period. Finally, Rafferty Asset Management LLC boosted its stake in shares of Golar LNG Partners by 2.0% in the first quarter. Rafferty Asset Management LLC now owns 135,113 shares of the company’s stock worth $1,985,000 after buying an additional 2,663 shares during the period.

About Golar LNG Partners

Golar LNG Partners LP (Golar LNG Partners) owns and operates floating storage and regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term charters. The Company operates a fleet of around six FSRU vessels and four LNG carriers. The Company’s FSRU vessels include Golar Spirit, Golar Winter, Golar Freeze, NR Satu, Golar Igloo and Golar Eskimo.

5 Day Chart for NASDAQ:GMLP

Receive News & Stock 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 stocks with our FREE daily email newsletter.