Golar LNG Partners Price Target Cut to $34.00 by Analysts at Evercore Partners (GMLP)
Investment analysts at Evercore Partners cut their target price on shares of Golar LNG Partners (NASDAQ: GMLP) from $37.00 to $34.00 in a note issued to investors on Monday. The firm currently has an “overweight” rating on the stock.
Shares of Golar LNG Partners traded up 1.48% during mid-day trading on Monday, hitting $30.78. Golar LNG Partners has a one year low of $25.52 and a one year high of $38.50. The stock’s 50-day moving average is currently $30.34.
GMLP has been the subject of a number of other recent research reports. Analysts at RBC Capital cut their price target on shares of Golar LNG Partners from $36.00 to $34.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Pareto Securities downgraded shares of Golar LNG Partners from a “buy” rating to a “hold” rating in a research note to investors on Friday. Finally, analysts at Zacks downgraded shares of Golar LNG Partners from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, March 5th. They now have a $34.10 price target on the stock.
Nine equities research analysts have rated the stock with a buy rating, one has assigned an overweight rating, and two have assigned a hold rating to the company’s stock. The company currently has an average rating of “buy” and an average target price of $36.32.
Golar LNG Partners LP (Golar LNG Partners) formed by Golar LNG Limited (Golar) to own and operate floating storage and regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term charters.
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