Golar LNG Partners LP (NASDAQ:GMLP) reached a new 52-week low during trading on Tuesday . The stock traded as low as $8.85 and last traded at $8.85, with a volume of 55820 shares traded. The stock had previously closed at $9.10.

GMLP has been the subject of a number of analyst reports. Scotiabank set a $10.00 target price on shares of Golar LNG Partners and gave the company a “hold” rating in a research report on Monday, September 30th. ValuEngine lowered shares of Golar LNG Partners from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Zacks Investment Research downgraded Golar LNG Partners from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 3rd. Bank of America decreased their price objective on Golar LNG Partners from $11.50 to $10.00 and set an “underperform” rating for the company in a report on Thursday, August 22nd. Finally, BidaskClub cut Golar LNG Partners from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 12th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $11.75.

The firm has a market cap of $638.01 million, a price-to-earnings ratio of 8.49, a P/E/G ratio of 2.50 and a beta of 1.01. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.42 and a quick ratio of 0.41. The firm has a fifty day simple moving average of $9.85 and a two-hundred day simple moving average of $10.54.

Golar LNG Partners (NASDAQ:GMLP) last posted its quarterly earnings data on Tuesday, November 26th. The shipping company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.18). The company had revenue of $74.13 million for the quarter, compared to analyst estimates of $76.47 million. Golar LNG Partners had a negative net margin of 10.41% and a positive return on equity of 2.83%. Equities analysts anticipate that Golar LNG Partners LP will post 0.47 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Friday, November 8th were paid a dividend of $0.404 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.62 dividend on an annualized basis and a yield of 18.12%. Golar LNG Partners’s payout ratio is 154.29%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. lifted its holdings in shares of Golar LNG Partners by 6,283.9% during the second quarter. Invesco Ltd. now owns 6,390,187 shares of the shipping company’s stock worth $72,210,000 after purchasing an additional 6,290,088 shares during the period. First Trust Advisors LP acquired a new stake in shares of Golar LNG Partners in the third quarter worth $9,277,000. Morgan Stanley increased its stake in shares of Golar LNG Partners by 23.7% in the second quarter. Morgan Stanley now owns 414,238 shares of the shipping company’s stock worth $4,680,000 after acquiring an additional 79,300 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Golar LNG Partners by 97.3% during the second quarter. Russell Investments Group Ltd. now owns 75,377 shares of the shipping company’s stock worth $852,000 after purchasing an additional 37,174 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Golar LNG Partners during the second quarter worth $174,000. 32.61% of the stock is currently owned by hedge funds and other institutional investors.

Golar LNG Partners Company Profile (NASDAQ:GMLP)

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 March 15, 2019, it had a fleet of six FSRUs and four LNG carriers. Golar GP LLC serves as the general partner of Golar LNG Partners LP.

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