Golar LNG Partners LP (NASDAQ:GMLP) is scheduled to be releasing its earnings data before the market opens on Wednesday, November 30th. Analysts expect Golar LNG Partners to post earnings of $0.71 per share for the quarter.
Shares of Golar LNG Partners LP (NASDAQ:GMLP) opened at 20.80 on Tuesday. The firm has a market capitalization of $1.30 billion, a PE ratio of 9.67 and a beta of 1.01. The company’s 50 day moving average is $20.74 and its 200 day moving average is $19.08. Golar LNG Partners LP has a 12-month low of $7.55 and a 12-month high of $22.42.
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Shareholders of record on Monday, November 7th were issued a dividend of $0.5775 per share. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $2.31 annualized dividend and a yield of 11.05%.
A number of analysts have recently commented on the company. Jefferies Group assumed coverage on Golar LNG Partners in a research note on Tuesday, September 13th. They issued a “buy” rating and a $25.00 price target for the company. Zacks Investment Research cut Golar LNG Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, October 18th. Finally, Morgan Stanley set a $15.00 target price on Golar LNG Partners and gave the stock a “hold” rating in a research note on Tuesday, September 6th.
Hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Golar LNG Partners during the second quarter worth about $173,000. Raymond James & Associates purchased a new position in Golar LNG Partners during the second quarter worth $330,000. A.R.T. Advisors LLC purchased a new position in Golar LNG Partners during the second quarter worth $335,000. BlackRock Institutional Trust Company N.A. increased its position in Golar LNG Partners by 412.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 31,053 shares of the company’s stock worth $569,000 after buying an additional 24,997 shares during the period. Finally, Landscape Capital Management L.L.C. increased its position in Golar LNG Partners by 6.3% in the second quarter. Landscape Capital Management L.L.C. now owns 32,900 shares of the company’s stock worth $603,000 after buying an additional 1,954 shares during the period.
About Golar LNG Partners