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.

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