Golar LNG Partners LP (GMLP) Stock Price Up 3.4%
Golar LNG Partners LP (NASDAQ:GMLP) shares rose 3.4% during mid-day trading on Monday . The company traded as high as $18.93 and last traded at $18.76, with a volume of 243,534 shares changing hands. The stock had previously closed at $18.15.
Separately, Zacks Investment Research upgraded shares of Golar LNG Partners from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Wednesday, June 29th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $21.83.
The firm has a 50-day moving average of $18.04 and a 200-day moving average of $15.47. The stock has a market cap of $1.16 billion and a price-to-earnings ratio of 7.91.
Other large investors have recently made changes to their positions in the company. Morgan Stanley boosted its stake in shares of Golar LNG Partners by 111.8% in the fourth quarter. Morgan Stanley now owns 3,333,399 shares of the company’s stock valued at $44,601,000 after buying an additional 1,759,896 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Golar LNG Partners by 107.5% in the fourth quarter. First Trust Advisors LP now owns 718,626 shares of the company’s stock valued at $9,615,000 after buying an additional 372,258 shares during the last quarter. Penserra Capital Management LLC purchased a new stake in shares of Golar LNG Partners during the fourth quarter valued at $5,104,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Golar LNG Partners by 11.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 86,029 shares of the company’s stock valued at $1,151,000 after buying an additional 9,030 shares during the last quarter.
Golar LNG Partners LP (Golar LNG Partners) owns and operates floating storage and regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term charters. The Company operates a fleet of around six FSRU vessels and four LNG carriers. The Company’s FSRU vessels include Golar Spirit, Golar Winter, Golar Freeze, NR Satu, Golar Igloo and Golar Eskimo.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.