Golar LNG Partners (GMLP) Upgraded to Buy by Stifel Nicolaus

Stifel Nicolaus upgraded shares of Golar LNG Partners (NASDAQ:GMLP) from a hold rating to a buy rating in a report published on Monday. They currently have $25.00 target price on the shipping company’s stock, up from their prior target price of $23.00.

Several other equities analysts have also weighed in on the stock. Jefferies Group started coverage on shares of Golar LNG Partners in a report on Monday. They issued a buy rating and a $26.00 target price on the stock. BidaskClub upgraded shares of Golar LNG Partners from a sell rating to a hold rating in a report on Thursday, December 14th. Zacks Investment Research lowered shares of Golar LNG Partners from a hold rating to a sell rating in a report on Friday, December 1st. ABN Amro started coverage on shares of Golar LNG Partners in a report on Monday, October 30th. They issued a buy rating on the stock. Finally, ValuEngine upgraded shares of Golar LNG Partners from a buy rating to a strong-buy rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Golar LNG Partners currently has an average rating of Buy and an average target price of $23.75.

Golar LNG Partners (GMLP) traded down $0.23 on Monday, reaching $22.83. 45,443 shares of the company were exchanged, compared to its average volume of 320,028. The firm has a market capitalization of $1,531.23, a price-to-earnings ratio of 8.27, a PEG ratio of 1.37 and a beta of 0.88. Golar LNG Partners has a 52-week low of $18.77 and a 52-week high of $25.82. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 1.95.

Several institutional investors have recently added to or reduced their stakes in the company. Huber Capital Management LLC raised its stake in shares of Golar LNG Partners by 14.2% in the 2nd quarter. Huber Capital Management LLC now owns 1,764,626 shares of the shipping company’s stock valued at $35,416,000 after acquiring an additional 219,511 shares during the period. FMR LLC raised its stake in shares of Golar LNG Partners by 4.7% in the 2nd quarter. FMR LLC now owns 1,251,660 shares of the shipping company’s stock valued at $25,121,000 after acquiring an additional 55,760 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Golar LNG Partners by 96.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 916,507 shares of the shipping company’s stock valued at $18,394,000 after acquiring an additional 449,868 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Golar LNG Partners by 37.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 666,827 shares of the shipping company’s stock valued at $15,110,000 after acquiring an additional 181,868 shares during the period. Finally, First Trust Advisors LP purchased a new stake in shares of Golar LNG Partners in the 2nd quarter valued at approximately $9,812,000. 46.85% of the stock is currently owned by institutional investors and hedge funds.

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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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