Golar LNG Partners LP (GMLP) Looks Ready for Growth Despite 8.14% Change This Year

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.

5 Stocks to make up the PERFECT 2021 gold portfolio

Gold bugs are shouting from the rooftops in excitement, but that doesn’t mean you rush out and just buy any gold stock…That’s why we laid out The 2021 Ultimate Gold Portfolio – to dissect the treasure from the trash.

Click here to download your free report right away


Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

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.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

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.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free