Why Golar LNG Partners LP (NASDAQ:GMLP) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $19.7200 on Golar LNG Partners LP (NASDAQ:GMLP) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.3500 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Golar LNG Partners LP (NASDAQ:GMLP) stands at 9.0557.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Golar LNG Partners LP, the PEG ratio for coming 3-5 years is 1.0100.

Technical Analysis

The technical analysis highlights that Golar LNG Partners LP current is trading $0.6891 points away or +3.6692% from its 50-day moving average of $18.7806. Further it is trading $2.4328 or +14.2796% away its 200-day moving average of $17.0369.

The 52-week high of Golar LNG Partners LP (NASDAQ:GMLP) was $21.5300 while lowest point recorded in 52-week was $7.5500. It implies if stock price makes a movement of over $-2.0603, it will record a new 52-week high. In the case of +157.8768% drop, it will touch a new 52-week low.

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