BidaskClub downgraded shares of Golar LNG Partners (NASDAQ:GMLP) from a hold rating to a sell rating in a report published on Saturday morning.

Several other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Golar LNG Partners from a hold rating to a sell rating in a research note on Tuesday, January 9th. ValuEngine lowered shares of Golar LNG Partners from a buy rating to a hold rating in a research note on Sunday, December 31st. Stifel Nicolaus upgraded shares of Golar LNG Partners from a hold rating to a buy rating and boosted their price objective for the stock from $23.00 to $25.00 in a research note on Monday, December 18th. Jefferies Group assumed coverage on shares of Golar LNG Partners in a research note on Monday, December 18th. They set a buy rating and a $26.00 price objective on the stock. Finally, ABN Amro assumed coverage on shares of Golar LNG Partners in a research note on Monday, October 30th. They set a buy rating on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Golar LNG Partners has an average rating of Hold and an average price target of $23.75.

Shares of Golar LNG Partners (GMLP) opened at $23.02 on Friday. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.01 and a quick ratio of 1.00. Golar LNG Partners has a 52 week low of $18.77 and a 52 week high of $25.82. The stock has a market cap of $1,590.00, a price-to-earnings ratio of 10.14, a price-to-earnings-growth ratio of 2.01 and a beta of 0.87.

Golar LNG Partners (NASDAQ:GMLP) last released its quarterly earnings data on Monday, December 11th. The shipping company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.03). Golar LNG Partners had a return on equity of 25.88% and a net margin of 38.29%. equities research analysts anticipate that Golar LNG Partners will post 1.76 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in GMLP. BNP Paribas Arbitrage SA acquired a new position in Golar LNG Partners in the 3rd quarter valued at about $108,000. Alliancebernstein L.P. grew its stake in 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 during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in 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 during the last quarter. Jane Street Group LLC acquired a new position in Golar LNG Partners in the 3rd quarter valued at about $344,000. Finally, Wasatch Advisors Inc. grew its stake in Golar LNG Partners by 11.6% in the 2nd quarter. Wasatch Advisors Inc. now owns 24,000 shares of the shipping company’s stock valued at $482,000 after buying an additional 2,500 shares during 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.

Analyst Recommendations for Golar LNG Partners (NASDAQ:GMLP)

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