Golar LNG Partners LP (NASDAQ:GMLP) has received an average rating of “Buy” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $22.33.

A number of analysts have commented on the stock. Zacks Investment Research upgraded shares of Golar LNG Partners from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. ValuEngine upgraded shares of Golar LNG Partners from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Jefferies Group LLC restated a “buy” rating on shares of Golar LNG Partners in a research report on Tuesday, August 22nd. Stifel Nicolaus set a $23.00 price target on shares of Golar LNG Partners and gave the stock a “hold” rating in a research report on Thursday, August 17th. Finally, BidaskClub upgraded shares of Golar LNG Partners from a “hold” rating to a “buy” rating in a research report on Monday, July 31st.

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Institutional investors and hedge funds have recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. grew its stake in shares of Golar LNG Partners by 21.5% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 5,035 shares of the shipping company’s stock worth $112,000 after purchasing an additional 890 shares during the last quarter. Alliancebernstein L.P. acquired a new position in shares of Golar LNG Partners in the 1st quarter worth approximately $216,000. HighTower Advisors LLC acquired a new position in shares of Golar LNG Partners in the 1st quarter worth approximately $222,000. PNC Financial Services Group Inc. grew its stake in shares of Golar LNG Partners by 13.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 12,100 shares of the shipping company’s stock worth $271,000 after purchasing an additional 1,474 shares during the last quarter. Finally, KCG Holdings Inc. acquired a new position in shares of Golar LNG Partners in the 1st quarter worth approximately $300,000. 73.98% of the stock is currently owned by institutional investors.

Golar LNG Partners (GMLP) opened at 21.87 on Wednesday. The firm’s 50-day moving average is $21.06 and its 200 day moving average is $21.28. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 7.87 and a beta of 0.94. Golar LNG Partners has a 12 month low of $18.32 and a 12 month high of $25.82.

Golar LNG Partners (NASDAQ:GMLP) last released its quarterly earnings results on Wednesday, August 30th. The shipping company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.12. Golar LNG Partners had a net margin of 43.94% and a return on equity of 31.69%. Equities analysts predict that Golar LNG Partners will post $1.98 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Friday, August 4th were paid a $0.5775 dividend. The ex-dividend date was Wednesday, August 2nd. This represents a $2.31 annualized dividend and a dividend yield of 10.56%. Golar LNG Partners’s dividend payout ratio is currently 82.21%.

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.

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