Golar LNG Partners LP (NASDAQ:GMLP) has earned a consensus rating of “Hold” from the thirteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $18.00.

A number of research firms recently commented on GMLP. BidaskClub cut Golar LNG Partners from a “hold” rating to a “sell” rating in a report on Wednesday. ValuEngine cut Golar LNG Partners from a “sell” rating to a “strong sell” rating in a report on Friday, November 16th. Zacks Investment Research raised Golar LNG Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, November 7th. Bank of America raised Golar LNG Partners from an “underperform” rating to a “neutral” rating in a research report on Wednesday, November 7th. Finally, DNB Markets raised Golar LNG Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, November 7th.

GMLP opened at $11.97 on Friday. Golar LNG Partners has a one year low of $11.59 and a one year high of $23.46. The company has a market capitalization of $854.73 million, a P/E ratio of 7.09, a price-to-earnings-growth ratio of 1.51 and a beta of 0.87. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.54 and a current ratio of 0.55.

Golar LNG Partners (NASDAQ:GMLP) last released its quarterly earnings data on Monday, November 5th. The shipping company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.39. Golar LNG Partners had a return on equity of 16.95% and a net margin of 32.94%. The firm had revenue of $108.23 million for the quarter, compared to analysts’ expectations of $89.64 million. As a group, analysts anticipate that Golar LNG Partners will post 1 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 14th. Shareholders of record on Wednesday, November 7th were given a $0.404 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 13.50%. The ex-dividend date of this dividend was Tuesday, November 6th. Golar LNG Partners’s payout ratio is 86.17%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Morgan Stanley lifted its holdings in shares of Golar LNG Partners by 8.0% during the 3rd quarter. Morgan Stanley now owns 557,299 shares of the shipping company’s stock valued at $7,986,000 after acquiring an additional 41,376 shares in the last quarter. Virtus Alternative Investment Advisers Inc. acquired a new position in shares of Golar LNG Partners during the 3rd quarter valued at $2,794,000. Huber Capital Management LLC lifted its holdings in shares of Golar LNG Partners by 4.0% during the 3rd quarter. Huber Capital Management LLC now owns 2,000,105 shares of the shipping company’s stock valued at $28,662,000 after acquiring an additional 76,536 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Golar LNG Partners by 31.6% during the 3rd quarter. Renaissance Technologies LLC now owns 200,200 shares of the shipping company’s stock valued at $2,869,000 after acquiring an additional 48,100 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Golar LNG Partners during the 3rd quarter valued at $6,931,000. 37.61% of the stock is currently owned by 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 charters in Brazil, Indonesia, Jordan, Kuwait, and the United Arab Emirates. As of April 6, 2018, it had a fleet of six FSRUs and four LNG carriers. Golar GP LLC serves as the general partner of Golar LNG Partners LP.

Featured Story: Hedge Funds

Analyst Recommendations for Golar LNG Partners (NASDAQ:GMLP)

Receive News & Ratings for Golar LNG Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golar LNG Partners and related companies with MarketBeat.com's FREE daily email newsletter.