Golar LNG Partners (NASDAQ:GMLP) Rating Increased to Hold at BidaskClub

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Golar LNG Partners (NASDAQ:GMLP) Rating Increased to Hold at BidaskClub

BidaskClub upgraded shares of Golar LNG Partners (NASDAQ:GMLP) from a sell rating to a hold rating in a research note published on Friday, June 28th, BidAskClubreports.

GMLP has been the subject of a number of other research reports. Zacks Investment Research lowered Hammerson from a hold rating to a sell rating in a report on Friday, May 24th. TheStreet lowered Zimmer Biomet from a b- rating to a c rating in a report on Friday, June 7th. ValuEngine lowered Zynerba Pharmaceuticals from a hold rating to a sell rating in a report on Tuesday, March 12th. B. Riley reiterated a neutral rating on shares of Pan American Silver in a report on Thursday, February 28th. Finally, Bank of America set a $230.00 price objective on Public Storage and gave the company a hold rating in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $13.83.

NASDAQ:GMLP traded down $0.12 during midday trading on Friday, hitting $11.60. The stock had a trading volume of 82,717 shares, compared to its average volume of 133,817. Golar LNG Partners has a one year low of $10.23 and a one year high of $16.99. The stock has a market capitalization of $822.35 million, a P/E ratio of 11.05, a price-to-earnings-growth ratio of 1.48 and a beta of 1.05. The company’s 50-day simple moving average is $11.37. The company has a quick ratio of 1.08, a current ratio of 1.10 and a debt-to-equity ratio of 1.85.

Golar LNG Partners (NASDAQ:GMLP) last announced its quarterly earnings data on Tuesday, May 21st. The shipping company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.02). The firm had revenue of $68.05 million during the quarter, compared to the consensus estimate of $70.94 million. Golar LNG Partners had a return on equity of 10.05% and a net margin of 12.69%. As a group, research analysts predict that Golar LNG Partners will post 0.98 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GMLP. Lavaca Capital LLC acquired a new position in shares of Golar LNG Partners in the 1st quarter valued at $39,000. SeaBridge Investment Advisors LLC increased its position in shares of Golar LNG Partners by 50.0% in the 1st quarter. SeaBridge Investment Advisors LLC now owns 6,000 shares of the shipping company’s stock valued at $77,000 after acquiring an additional 2,000 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Golar LNG Partners by 12.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 11,440 shares of the shipping company’s stock valued at $123,000 after acquiring an additional 1,240 shares during the period. Deutsche Bank AG increased its position in shares of Golar LNG Partners by 1,099.7% in the 4th quarter. Deutsche Bank AG now owns 11,997 shares of the shipping company’s stock valued at $128,000 after acquiring an additional 10,997 shares during the period. Finally, Regent Investment Management LLC acquired a new position in shares of Golar LNG Partners in the 1st quarter valued at $142,000. 32.70% of the stock is currently owned by hedge funds and other institutional investors.

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 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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https://rivertonroll.com/news/2019/07/21/golar-lng-partners-nasdaqgmlp-upgraded-to-hold-at-bidaskclub.html

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