Golar LNG Partners LP (GMLP)

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TheStreet Upgrades Golar LNG Partners to “Hold” (GMLP)

Posted by Kristian Gore on Apr 9th, 2014 // No Comments

http://www.wkrb13.com/markets/289636/thestreet-upgrades-golar-lng-partners-to-hold-gmlp/

Golar LNG Partners logoGolar LNG Partners (NASDAQ:GMLP) was upgraded by research analysts at TheStreet from a “sell” rating to a “hold” rating in a report released on Wednesday, Stock Ratings Network reports.

The analysts wrote, “Golar LNG Partners (GMLP) has been upgraded by TheStreet Ratings from sell to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, weak operating cash flow and a generally disappointing performance in the stock itself.”

Shares of Golar LNG Partners (NASDAQ:GMLP) traded down 0.49% during mid-day trading on Wednesday, hitting $30.22. The stock had a trading volume of 63,102 shares. Golar LNG Partners has a one year low of $27.55 and a one year high of $36.00. The stock’s 50-day moving average is $29.93 and its 200-day moving average is $30.65.




A number of other analysts have also recently weighed in on GMLP. Analysts at Evercore Partners cut their price target on shares of Golar LNG Partners from $36.00 to $33.00 in a research note on Monday, March 3rd. Analysts at Morgan Stanley downgraded shares of Golar LNG Partners from an “overweight” rating to an “equal weight” rating in a research note on Thursday, February 20th. They now have a $33.00 price target on the stock, down previously from $36.00. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $36.98.

Golar LNG Partners LP (NASDAQ:GMLP) formed by Golar LNG Limited (Golar) to own and operate floating storage and regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term charters.