Analyst Ratings for Golar LNG Partners LP (GMLP)Updated: 2017-07-28
An average rating of Overweight has been given to Golar LNG Partners LP (NASDAQ:GMLP) by analysts covering the stock. A consensus rating of Overweight was previously issued for GMLP last month.
3 analysts declared GMLP a buy, 1 issued an overweight rating, 4 gave a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Today, there are 0 more analysts optimistic about the company future as compared with 90 days ago. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.
Several price targets were given for GMLP by the analysts covering the stock. The maximum price target given was 36, which equates to a potential upside of 61.43 percent. The most pessimistic price target was 19, implying potential capital losses of -14.8 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. That number becomes -4.38 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised downwards by -3.22 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -14.43 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 0 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.
The growth rate of GMLP's earnings is estimated by analysts to be -33.9 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies in the industry. GMLP has a PEG ratio of -0.23.
In the last 52-weeks, GMLP has achieved a high of 25.82 and a low of 17.72. The current market price is above the trailing year's low by 25.85 percent, and 13.63 percent below the high. GMLP has a price/earnings ratio of 7.82. Investors typically compare the P/E ratio to a company's peers in the industry. The GMLP value stock report compares GMLP to some of its peers using value stock charts. The stock has a market capitalization of $1.56 billion. GMLP is estimated to release their earnings results for the quarter on 0000-00-00, days from today.