Golar LNG Partners (NASDAQ:GMLP) Hit With “Hold” Rating From B.Riley FBR, Analysts Expect $23.0000 Stock Price

May 18, 2018 - By Lindsey Sherman

Golar LNG Partners LP (NASDAQ:GMLP) Logo

Why Has B.Riley FBR Given Golar LNG Partners (NASDAQ:GMLP) a $23.0000 Price Target

In a research report shared with investors and clients on Thursday, 17 May, equity research analysts at B.Riley FBR has begun coverage for Golar LNG Partners (NASDAQ:GMLP) shares. The firm has decided to set a “Hold” rating along with a $23.0000, adding 12.20 % to the target.

Golar LNG Partners LP (NASDAQ:GMLP) Ratings Coverage

Among 4 analysts covering Golar LNG Partners (NASDAQ:GMLP), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Golar LNG Partners has $26.0 highest and $21.0 lowest target. $23.67’s average target is 15.46% above currents $20.5 stock price. Golar LNG Partners had 4 analyst reports since December 18, 2017 according to SRatingsIntel. As per Monday, December 18, the company rating was upgraded by Stifel Nicolaus. Seaport Global maintained it with “Hold” rating and $21.0 target in Tuesday, February 27 report. Jefferies initiated the stock with “Buy” rating in Monday, December 18 report. The company was maintained on Monday, March 5 by Bank of America.

The stock increased 0.05% or $0.01 during the last trading session, reaching $20.5. About 296,828 shares traded. Golar LNG Partners LP (NASDAQ:GMLP) has declined 19.88% since May 18, 2017 and is downtrending. It has underperformed by 31.43% the S&P500.

Analysts await Golar LNG Partners LP (NASDAQ:GMLP) to report earnings on May, 30. They expect $0.09 EPS, down 74.29 % or $0.26 from last year’s $0.35 per share. GMLP’s profit will be $6.46 million for 56.94 P/E if the $0.09 EPS becomes a reality. After $0.37 actual EPS reported by Golar LNG Partners LP for the previous quarter, Wall Street now forecasts -75.68 % negative EPS growth.

Golar LNG Partners LP owns and operates floating storage regasification units , liquefied natural gas (LNG) carriers, and floating liquefied natural gas vessel industries under long-term charters in Brazil, the United Arab Emirates, Indonesia, Jordan, and Kuwait. The company has market cap of $1.47 billion. The firm also engages in the leasing of its fleets. It has a 11.11 P/E ratio. As of April 24, 2017, it had a fleet of six FSRUs and four LNG carriers.

More recent Golar LNG Partners LP (NASDAQ:GMLP) news were published by: Streetinsider.com which released: “Form 6-K Golar LNG Partners LP For: Apr 27” on April 27, 2018. Also Benzinga.com published the news titled: “AMD, Alibaba, EOG, Golar: ‘Fast Money’ Picks For May 18” on May 18, 2018. Nasdaq.com‘s news article titled: “Golar LNG Partners LP Cash Distributions” with publication date: April 27, 2018 was also an interesting one.

Golar LNG Partners LP (NASDAQ:GMLP) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: