Golar LNG Partners LP (NASDAQ:GMLP) shares fell 3% on Tuesday . The stock traded as low as $17.95 and last traded at $18.06, with a volume of 261,815 shares changing hands. The stock had previously closed at $18.61.

Separately, Zacks Investment Research raised shares of Golar LNG Partners from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Wednesday, June 29th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Golar LNG Partners currently has an average rating of “Buy” and a consensus price target of $21.83.

The firm has a market cap of $1.13 billion and a P/E ratio of 7.72. The company has a 50-day moving average of $18.04 and a 200 day moving average of $15.47.

Several hedge funds recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased 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 worth $1,151,000 after buying an additional 9,030 shares during the period. Penserra Capital Management LLC bought a new stake in shares of Golar LNG Partners during the fourth quarter worth about $5,104,000. First Trust Advisors LP increased 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 worth $9,615,000 after buying an additional 372,258 shares during the period. Finally, Morgan Stanley increased 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 worth $44,601,000 after buying an additional 1,759,896 shares during the period.

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.

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