Deutsche Bank started coverage on shares of Golar LNG Partners (NASDAQ:GMLP) in a research report released on Wednesday morning, MarketBeat Ratings reports. The brokerage issued a hold rating and a $14.00 price objective on the shipping company’s stock.

Several other brokerages also recently issued reports on GMLP. Citigroup reduced their price objective on shares of Golar LNG Partners from $19.00 to $17.00 and set a neutral rating on the stock in a research note on Tuesday, July 31st. Zacks Investment Research raised shares of Golar LNG Partners from a sell rating to a hold rating in a research note on Tuesday, August 21st. ValuEngine downgraded shares of Golar LNG Partners from a hold rating to a sell rating in a research note on Tuesday, August 28th. BidaskClub raised shares of Golar LNG Partners from a sell rating to a hold rating in a research note on Thursday, August 2nd. Finally, Berenberg Bank initiated coverage on shares of Golar LNG Partners in a research note on Thursday, September 6th. They set a hold rating and a $13.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. Golar LNG Partners presently has a consensus rating of Hold and a consensus target price of $18.75.

Shares of GMLP traded up $0.16 on Wednesday, hitting $13.98. 215,051 shares of the stock traded hands, compared to its average volume of 376,599. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.54 and a current ratio of 0.55. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 7.44, a PEG ratio of 1.78 and a beta of 0.95. Golar LNG Partners has a 1 year low of $12.71 and a 1 year high of $23.46.

Golar LNG Partners (NASDAQ:GMLP) last announced its quarterly earnings data on Thursday, August 23rd. The shipping company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.14. The business had revenue of $84.20 million for the quarter, compared to the consensus estimate of $81.17 million. Golar LNG Partners had a net margin of 26.85% and a return on equity of 13.60%. Equities analysts expect that Golar LNG Partners will post 1.01 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the stock. FMR LLC increased its position in Golar LNG Partners by 52.8% during the second quarter. FMR LLC now owns 6,890,460 shares of the shipping company’s stock worth $106,527,000 after purchasing an additional 2,379,700 shares during the last quarter. Huber Capital Management LLC increased its position in Golar LNG Partners by 11.5% during the second quarter. Huber Capital Management LLC now owns 1,923,569 shares of the shipping company’s stock worth $29,738,000 after purchasing an additional 198,135 shares during the last quarter. JPMorgan Chase & Co. increased its position in Golar LNG Partners by 21.0% during the first quarter. JPMorgan Chase & Co. now owns 965,708 shares of the shipping company’s stock worth $16,523,000 after purchasing an additional 167,615 shares during the last quarter. Global X Management Co LLC acquired a new position in Golar LNG Partners during the second quarter worth approximately $6,948,000. Finally, First Trust Advisors LP increased its position in Golar LNG Partners by 15.2% during the second quarter. First Trust Advisors LP now owns 442,355 shares of the shipping company’s stock worth $6,839,000 after purchasing an additional 58,251 shares during the last quarter. 39.99% of the stock is owned by hedge funds and other institutional investors.

About Golar LNG Partners

Golar LNG Partners LP engages in the logistics solutions. Its activities include owning, trading, and operation of floating storage and regasification units (FSRU) and liquefied natural gas ( LNG) marine transportation. The company was founded on September 24, 2007 and is headquartered in Hamilton, Bermuda.

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Analyst Recommendations for Golar LNG Partners (NASDAQ:GMLP)

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