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.
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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.
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