Golar LNG Partners LP (GMLP) Trading Down 1.6%
Golar LNG Partners LP (NASDAQ:GMLP)’s share price dropped 1.6% during mid-day trading on Friday . The stock traded as low as $18.93 and last traded at $18.98, with a volume of 1,091,783 shares traded. The stock had previously closed at $19.29.
Separately, Zacks Investment Research upgraded Golar LNG Partners from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Wednesday, June 29th.
The firm has a market capitalization of $1.18 billion and a PE ratio of 8.06. The company has a 50 day moving average price of $18.76 and a 200 day moving average price of $16.96.
Golar LNG Partners (NASDAQ:GMLP) last issued its quarterly earnings data on Wednesday, August 31st. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by $0.16. Equities research analysts predict that Golar LNG Partners LP will post $2.52 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Friday, August 5th were given a $0.5775 dividend. The ex-dividend date was Wednesday, August 3rd. This represents a $2.31 annualized dividend and a yield of 12.17%.
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.