UPDATE: Dahlman Rose Initiates Coverage on Golar LNG Partners

According to a research report released earlier today, Dahlman Rose has initiated coverage on Golar LNG Partners LP (NASDAQ: GMLP) with a Buy rating and a $40 PT.

In the report, Dahlman Rose commented, “We are initiating coverage of Golar LNG Partners with a Buy rating; the company offers investors stable and visible cash flows, and growing exposure to the global LNG trade and FSRU market. It currently owns and operates a fleet of two LNG carriers and three FSRUs, all of which have been placed on long-term time charters with reputable counterparties with an average remaining term of 9.5 years. We are initiating a price target of $40, based on a target yield of 5% on distributable cash flow.”

Golar LNG Partners closed yesterday at $35.43.