Golar LNG Partners LP (GMLP) Sees Strong Trading Volume
Golar LNG Partners LP (NASDAQ:GMLP) saw unusually-high trading volume on Wednesday . Approximately 223,037 shares were traded during mid-day trading, an increase of 5% from the previous session’s volume of 213,024 shares.The stock last traded at $18.85 and had previously closed at $18.73.
Separately, Zacks Investment Research upgraded Golar LNG Partners from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Wednesday, June 29th.
The firm has a market cap of $1.21 billion and a price-to-earnings ratio of 8.25. The firm has a 50 day moving average price of $18.72 and a 200 day moving average price of $16.93.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 12th. Stockholders of record on Friday, August 5th were issued a dividend of $0.5775 per share. This represents a $2.31 dividend on an annualized basis and a dividend yield of 11.89%. The ex-dividend date of this dividend was Wednesday, August 3rd.
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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