In a report released today, Liam Burke from B.Riley FBR maintained a Hold rating on Golar LNG Partners (GMLP), with a price target of $10.00. The company’s shares closed last Monday at $4.22, close to its 52-week low of $4.11.
According to TipRanks.com, Burke has currently no stars on a ranking scale of 0-5 stars, with an average return of -7.6% and a 37.6% success rate. Burke covers the Services sector, focusing on stocks such as Matthews International, Nordic American Tanker, and Eagle Bulk Shipping.
Currently, the analyst consensus on Golar LNG Partners is a Hold with an average price target of $7.83.
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Based on Golar LNG Partners’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $7.92 million. In comparison, last year the company had a GAAP net loss of $18.97 million.
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Golar LNG Partners LP engages in the logistics solutions. Its activities include owning, trading, and operation of floating storage and regasification units (FSRU) and liquefied natural gas ( LNG) marine transportation. The company was founded on September 24, 2007 and is headquartered in Hamilton, Bermuda.
