Stifel Nicolaus reissued their hold rating on shares of Golar LNG Partners LP (NASDAQ:GMLP) in a research note released on Friday.

A number of other equities analysts have also recently issued reports on the stock. Jefferies Group LLC reissued a buy rating on shares of Golar LNG Partners in a report on Tuesday, August 22nd. Seaport Global Securities reissued a neutral rating and issued a $22.00 target price on shares of Golar LNG Partners in a report on Tuesday, May 30th. BidaskClub cut shares of Golar LNG Partners from a sell rating to a strong sell rating in a report on Saturday, June 10th. ValuEngine cut shares of Golar LNG Partners from a strong-buy rating to a buy rating in a report on Saturday, June 3rd. Finally, Zacks Investment Research raised shares of Golar LNG Partners from a sell rating to a hold rating in a report on Friday, September 1st. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and an average price target of $23.25.

Shares of Golar LNG Partners (GMLP) traded up 1.13% during trading on Friday, reaching $22.37. The company had a trading volume of 132,507 shares. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 7.26 and a beta of 0.94. The stock has a 50 day moving average of $21.03 and a 200 day moving average of $21.24. Golar LNG Partners has a 52-week low of $18.32 and a 52-week high of $25.82.

Golar LNG Partners (NASDAQ:GMLP) last issued its quarterly earnings results on Wednesday, August 30th. The shipping company reported $0.76 EPS for the quarter, topping the consensus estimate 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 research analysts forecast that Golar LNG Partners will post $1.98 EPS for the current year.

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A number of hedge funds and other institutional investors have recently modified their holdings of the business. OppenheimerFunds Inc. lifted its holdings in 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 acquiring an additional 901,925 shares during the last quarter. Huber Capital Management LLC lifted its holdings in 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 acquiring an additional 219,511 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in 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 acquiring an additional 345,000 shares during the last quarter. FMR LLC lifted its holdings in 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 acquiring an additional 55,760 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Golar LNG Partners by 96.4% in the second quarter. Goldman Sachs Group Inc. now owns 916,507 shares of the shipping company’s stock worth $18,394,000 after acquiring an additional 449,868 shares during the last quarter. 45.47% of the stock is currently owned by hedge funds and other institutional investors.

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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