3Q17 results

Golar LNG Partners (GMLP) reported its third-quarter earnings on November 30, 2017. The company reported net income of $26.5 million and operating income of $53.3 million for 3Q17. Golar LNG Partners generated a cash distribution of $41 million with a distribution coverage ratio of 1.0 for 3Q17. The distribution for the third quarter was $0.5775 per unit. Golar LNG Partners entered into an agreement with Golar LNG (GLNG) for the acquisition of Golar Hilli. The company expects the acquisition to help increase the partnership’s backlog.

Golar LNG Partners: What Are Analysts’ Recommendations?

EBITDA margin

Golar LNG Partners’ trailing 12-month EBITDA margin is 83.0% for 3Q17. Its high EBITDA margins have been driven by its low operating expenses. The company has the second-best EBITDA margin among other MLPS. Its EBITDA margin is lower than Viper Energy Partners (VNOM) but higher than Dorchester Minerals (DMLP), EQT Midstream Partners (EQM), KNOT Offshore Partners (KNOP), and TC PipeLines (TCP).

Analysts’ recommendations

Eleven analysts gave recommendations on Golar LNG Partners. According to Reuters, the consensus rating for the stock is 2.27, which means a “buy.” It’s important to note that 45% of the analysts are bullish on the stock—three analysts gave a “strong buy,” while two analysts gave a “buy” recommendation. Meanwhile, 55% of the analysts (or six analysts) gave a “hold” rating for Golar LNG Partners. None of the analysts gave a “strong sell” or “sell” rating.

Target price

The current target price for Golar LNG Partners is $22.79. Compared to the current market price of 19.95, the target price implies a potential upside of 14.2%.

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