Golar LNG Partners LP (NASDAQ:GMLP) shares reached a new 52-week low on Wednesday . The stock traded as low as $18.29 and last traded at $18.24, with a volume of 433786 shares. The stock had previously closed at $18.55.

Several research analysts have recently weighed in on GMLP shares. BidaskClub downgraded Golar LNG Partners from a “hold” rating to a “sell” rating in a research note on Saturday, January 20th. Stifel Nicolaus upgraded Golar LNG Partners from a “hold” rating to a “buy” rating and increased their price target for the stock from $23.00 to $25.00 in a research note on Monday, December 18th. Seaport Global Securities reiterated a “hold” rating and set a $21.00 price target on shares of Golar LNG Partners in a research note on Tuesday, February 27th. ValuEngine downgraded Golar LNG Partners from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Zacks Investment Research downgraded Golar LNG Partners from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $23.60.

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The company has a debt-to-equity ratio of 1.63, a current ratio of 1.73 and a quick ratio of 1.71. The stock has a market cap of $1,329.16, a P/E ratio of 9.70, a price-to-earnings-growth ratio of 1.78 and a beta of 0.92.

Golar LNG Partners (NASDAQ:GMLP) last posted its quarterly earnings results on Monday, December 11th. The shipping company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.03). Golar LNG Partners had a return on equity of 17.19% and a net margin of 29.85%. The firm had revenue of $105.64 million for the quarter, compared to the consensus estimate of $96.00 million. analysts predict that Golar LNG Partners LP will post 1.16 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, February 7th were paid a $0.5775 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $2.31 annualized dividend and a yield of 12.73%. Golar LNG Partners’s dividend payout ratio is currently 123.53%.

Golar LNG Partners declared that its Board of Directors has approved a stock repurchase program on Monday, March 5th that authorizes the company to repurchase $25.00 million in shares. This repurchase authorization authorizes the shipping company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA bought a new position in Golar LNG Partners in the 3rd quarter worth about $108,000. SeaCrest Wealth Management LLC bought a new position in Golar LNG Partners in the 4th quarter worth about $107,000. Cetera Advisors LLC bought a new position in Golar LNG Partners in the 4th quarter worth about $201,000. Alliancebernstein L.P. boosted its stake in Golar LNG Partners by 5.9% in the 2nd quarter. Alliancebernstein L.P. now owns 10,223 shares of the shipping company’s stock worth $205,000 after purchasing an additional 572 shares during the period. Finally, Koch Industries Inc. bought a new position in Golar LNG Partners in the 4th quarter worth about $239,000. Institutional investors and hedge funds own 44.01% of the company’s stock.

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About Golar LNG Partners

Golar LNG Partners LP owns and operates floating storage regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term time charters. The Company operates through the LNG market segment. The Company’s fleet consists of approximately six FSRUs and over 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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