Golar LNG Partners (GMLP) Now Covered by Berenberg Bank

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Stock analysts at Berenberg Bank began coverage on shares of Golar LNG Partners (NASDAQ:GMLP) in a research report issued to clients and investors on Thursday, Marketbeat reports. The brokerage set a “hold” rating and a $13.00 price target on the shipping company’s stock. Berenberg Bank’s price objective would indicate a potential upside of 1.64% from the stock’s previous close.

A number of other analysts have also issued reports on GMLP. Zacks Investment Research lowered Golar LNG Partners from a “hold” rating to a “sell” rating in a report on Thursday, June 21st. ValuEngine upgraded Golar LNG Partners from a “sell” rating to a “hold” rating in a report on Monday, July 2nd. BidaskClub upgraded Golar LNG Partners from a “hold” rating to a “buy” rating in a report on Wednesday, May 9th. B. Riley began coverage on Golar LNG Partners in a report on Wednesday. They issued a “neutral” rating and a $17.00 target price for the company. Finally, BTIG Research assumed coverage on Golar LNG Partners in a report on Wednesday, July 18th. They issued a “neutral” rating for the company. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Golar LNG Partners has an average rating of “Hold” and an average target price of $19.86.

GMLP opened at $12.79 on Thursday. The firm has a market capitalization of $918.17 million, a PE ratio of 9.47, a price-to-earnings-growth ratio of 1.60 and a beta of 0.95. Golar LNG Partners has a 12-month low of $12.71 and a 12-month high of $23.46. The company has a quick ratio of 0.59, a current ratio of 0.55 and a debt-to-equity ratio of 1.65.

Golar LNG Partners (NASDAQ:GMLP) last released its earnings results on Thursday, August 23rd. The shipping company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.14. The company had revenue of $84.20 million during the quarter, compared to analyst estimates of $81.17 million. Golar LNG Partners had a return on equity of 13.60% and a net margin of 26.85%. sell-side analysts anticipate that Golar LNG Partners will post 1.01 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in GMLP. BNP Paribas Arbitrage SA raised its holdings in shares of Golar LNG Partners by 58.1% during the first quarter. BNP Paribas Arbitrage SA now owns 11,810 shares of the shipping company’s stock worth $202,000 after acquiring an additional 4,342 shares in the last quarter. Wedbush Securities Inc. raised its holdings in shares of Golar LNG Partners by 28.4% during the second quarter. Wedbush Securities Inc. now owns 18,926 shares of the shipping company’s stock worth $293,000 after acquiring an additional 4,181 shares in the last quarter. Koch Industries Inc. raised its holdings in shares of Golar LNG Partners by 88.3% during the first quarter. Koch Industries Inc. now owns 19,774 shares of the shipping company’s stock worth $338,000 after acquiring an additional 9,275 shares in the last quarter. Alps Advisors Inc. purchased a new stake in shares of Golar LNG Partners during the second quarter worth $490,000. Finally, Wasatch Advisors Inc. raised its holdings in shares of Golar LNG Partners by 13.2% during the second quarter. Wasatch Advisors Inc. now owns 34,300 shares of the shipping company’s stock worth $530,000 after acquiring an additional 4,000 shares in the last quarter. Institutional investors and hedge funds own 40.83% of the company’s stock.

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.

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Analyst Recommendations for Golar LNG Partners (NASDAQ:GMLP)

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