Golar LNG Partners LP (GMLP) Stock Price Down 2.5%
Golar LNG Partners LP (NASDAQ:GMLP) shares traded down 2.5% on Wednesday . The stock traded as low as $18.77 and last traded at $18.92, with a volume of 145,342 shares. The stock had previously closed at $19.41.
Separately, Zacks Investment Research raised Golar LNG Partners from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research 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 stock currently has an average rating of “Buy” and a consensus price target of $21.83.
The stock has a 50 day moving average of $18.63 and a 200-day moving average of $16.70. The company has a market capitalization of $1.16 billion and a P/E ratio of 7.94.
The business also recently declared a quarterly dividend, which was paid on Friday, August 12th. Stockholders of record on Friday, August 5th were given a $0.5775 dividend. The ex-dividend date of this dividend was Wednesday, August 3rd. This represents a $2.31 annualized dividend and a dividend yield of 12.37%.
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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