Golar LNG Partners LP (NASDAQ: GMLP) is 8.14% higher on its value in year-to-date trading and has touched a low of $1.30 and a high of $8.75 in the current 52-week trading range. The GMLP stock was last observed hovering at around $2.79 in the last trading session, with the day’s gains setting it 0.59% off its average median price target of $4.00 for the next 12 months. It is also 71.83% off the consensus price target high of $12.00 offered by 8 analysts, but current levels are -40.83% lower than the price target low of $2.40 for the same period.
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Currently trading at $3.38, the stock is 32.02% and 33.40% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.01 million and changing 21.33% at the moment leaves the stock 34.33% off its SMA200. GMLP registered -67.52% loss for a year compared to 6-month loss of -4.12%. The firm has a 50-day simple moving average (SMA 50) of $2.6736 and a 200-day simple moving average (SMA200) of $2.5038.
The stock witnessed a -1.76% gain in the last 1 month and extending the period to 3 months gives it a 34.13%, and is 8.14% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.82% over the week and 6.09% over the month.
Golar LNG Partners LP (GMLP) has around 494 employees, a market worth around $195.08M and $289.60M in sales. Current P/E ratio is 11.72 and Fwd P/E is 3.08. Profit margin for the company is 5.70%. Distance from 52-week low is 160.38% and -61.31% from its 52-week high. The company has generated returns on investments over the last 12 months (6.70%).
Golar LNG Partners LP (GMLP) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Golar LNG Partners LP (GMLP) is a “Hold”. 8 analysts offering their recommendations for the stock have an average rating of 2.70, where 4 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Golar LNG Partners LP is expected to release its quarterly report on 06/02/2021 and quarterly earnings per share for the current quarter are estimated at $0.22 with sales reaching $71.72M over the same period.The EPS is expected to shrink by -90.50% this year, but quarterly earnings will post -4.80% year-over-year. Quarterly sales are estimated to shrink -6.30% in year-over-year returns.
Golar LNG Partners LP (GMLP) Top Institutional Holders
65 institutions hold shares in Golar LNG Partners LP (GMLP), with 21.33M shares held by insiders accounting for 30.16% while institutional investors hold 45.10% of the company’s shares. The shares outstanding are 69.30M, and float is at 49.40M with Short Float at 0.89%. Institutions hold 31.50% of the Float.
The top institutional shareholder in the company is Invesco Ltd. with over 6.2 million shares valued at $12.6 million. The investor’s holdings represent 8.95% of the GMLP Shares outstanding. As of Sep 29, 2020, the second largest holder is FMR, LLC with 4.13 million shares valued at $8.38 million to account for 5.95% of the shares outstanding. The other top investors are Huber Capital Management, LLC which holds 3.88 million shares representing 5.59% and valued at over $7.87 million, while 683 Capital Management LLC holds 1.39% of the shares totaling 0.96 million with a market value of $1.96 million.
Golar LNG Partners LP (GMLP): Who are the competitors?
The company’s main competitors (and peers) include Teekay LNG Partners L.P. (TGP) that is trading -13.30% down over the past 12 months. Teekay Corporation (TK) is -44.56% down on the 1-year trading charts. Short interest in the company’s stock has risen 4.77% from the last report on Nov 12, 2020 to stand at a total of 0.42 million short shares sold with a short interest ratio of 2.3.