Jefferies Group LLC reissued their buy rating on shares of Golar LNG Partners LP (NASDAQ:GMLP) in a research note released on Tuesday.

GMLP has been the topic of a number of other reports. Zacks Investment Research cut shares of Golar LNG Partners from a hold rating to a sell rating in a research note on Tuesday, May 2nd. BidaskClub raised Golar LNG Partners from a strong sell rating to a sell rating in a report on Sunday, June 18th. Morgan Stanley reaffirmed an equal weight rating and set a $22.00 target price (down from $24.00) on shares of Golar LNG Partners in a report on Tuesday, June 13th. Seaport Global Securities reaffirmed a neutral rating and set a $22.00 target price on shares of Golar LNG Partners in a report on Tuesday, May 30th. Finally, Stifel Nicolaus reaffirmed a hold rating and set a $23.00 target price on shares of Golar LNG Partners in a report on Friday, July 14th. 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 presently has a consensus rating of Hold and a consensus target price of $23.25.

Shares of Golar LNG Partners (NASDAQ GMLP) opened at 20.64 on Tuesday. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 7.43 and a beta of 0.93. The company’s 50-day moving average is $20.92 and its 200 day moving average is $21.47. Golar LNG Partners has a 52-week low of $18.13 and a 52-week high of $25.82.

Golar LNG Partners (NASDAQ:GMLP) last issued its quarterly earnings data on Wednesday, May 31st. The shipping company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $100.79 million. On average, analysts expect that Golar LNG Partners will post $2.29 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Friday, August 4th were paid a $0.5775 dividend. The ex-dividend date of this dividend was Wednesday, August 2nd. This represents a $2.31 dividend on an annualized basis and a yield of 11.19%. Golar LNG Partners’s dividend payout ratio is currently 82.21%.

Institutional investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. boosted its position in shares of Golar LNG Partners by 0.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 16,380 shares of the shipping company’s stock worth $366,000 after buying an additional 130 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Golar LNG Partners by 1.1% in the second quarter. Royal Bank of Canada now owns 41,584 shares of the shipping company’s stock worth $834,000 after buying an additional 448 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Golar LNG Partners by 5.9% in the second quarter. Alliancebernstein L.P. now owns 10,223 shares of the shipping company’s stock worth $205,000 after buying an additional 572 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of Golar LNG Partners by 0.4% in the second quarter. California Public Employees Retirement System now owns 168,300 shares of the shipping company’s stock worth $3,378,000 after buying an additional 600 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. boosted its position in shares of Golar LNG Partners by 12.3% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,655 shares of the shipping company’s stock worth $113,000 after buying an additional 620 shares in the last quarter. 77.02% of the stock is currently owned by hedge funds and other institutional investors.

Golar LNG Partners Company Profile

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.

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