GMLP has been the subject of a number of other research reports. BidaskClub upgraded Golar LNG Partners from a strong sell rating to a sell rating in a research report on Thursday, September 20th. BTIG Research assumed coverage on Golar LNG Partners in a research report on Wednesday, July 18th. They set a neutral rating for the company. DNB Markets downgraded Golar LNG Partners from a hold rating to a sell rating in a research report on Wednesday, September 5th. ValuEngine upgraded Golar LNG Partners from a sell rating to a hold rating in a research report on Monday, September 24th. Finally, Berenberg Bank started coverage on Golar LNG Partners in a research report on Thursday, September 6th. They set a hold rating and a $13.00 target price for the company. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. Golar LNG Partners presently has an average rating of Hold and a consensus price target of $18.75.
Shares of GMLP stock traded down $0.07 on Tuesday, reaching $14.39. 222,559 shares of the stock were exchanged, compared to its average volume of 324,531. The company has a market cap of $1.06 billion, a P/E ratio of 7.65, a PEG ratio of 1.89 and a beta of 0.91. Golar LNG Partners has a one year low of $12.71 and a one year high of $23.46. The company has a quick ratio of 0.54, a current ratio of 0.55 and a debt-to-equity ratio of 1.65.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 14th. Investors of record on Wednesday, November 7th will be paid a dividend of $0.404 per share. The ex-dividend date is Tuesday, November 6th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 11.23%. Golar LNG Partners’s dividend payout ratio (DPR) is presently 86.17%.
Several institutional investors have recently made changes to their positions in the stock. Wedbush Securities Inc. grew its stake in Golar LNG Partners by 28.4% in the second quarter. Wedbush Securities Inc. now owns 18,926 shares of the shipping company’s stock valued at $293,000 after acquiring an additional 4,181 shares during the period. Arrow Investment Advisors LLC grew its stake in Golar LNG Partners by 12.6% in the third quarter. Arrow Investment Advisors LLC now owns 31,172 shares of the shipping company’s stock valued at $447,000 after acquiring an additional 3,500 shares during the period. Old Port Advisors acquired a new position in Golar LNG Partners in the second quarter valued at about $465,000. Alps Advisors Inc. acquired a new position in Golar LNG Partners in the second quarter valued at about $490,000. Finally, Wasatch Advisors Inc. grew its stake in Golar LNG Partners by 13.2% in the second quarter. Wasatch Advisors Inc. now owns 34,300 shares of the shipping company’s stock valued at $530,000 after acquiring an additional 4,000 shares during the period. 39.28% of the stock is owned by institutional investors and hedge funds.
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 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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