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In a report published Wednesday, Pareto Securities analyst Eirik Haavaldsen downgraded the rating on Golar LNG Partners (NASDAQ: GMLP) from Buy to Hold, but reiterated the $35.00 price target.
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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In the report, Pareto Securities noted, “Golar LNG Partners will report Q1'13 figures on Thursday, and we look for an EBITDA of USD 57m, down from 60m in Q4. The reason for the deviation is ~2 months downtime for FSRU Golar Spirit, partly offset by the acquisition of Golar Maria with effect from early February. The company has already declared a cash distribution of $0.515 per unit, and we expect the same for Q2, but do see room for an increase to $0.53 from Q3 and onwards. However, as we do not see any further drop-downs from GLNG happening before the first FSRU is delivered in late 2013/early 2014, GMLP is now trading at a running 6% yield. Consequently we downgrade to HOLD from BUY, but keep TP of USD 35.”
Golar LNG Partners closed on Tuesday at $34.00.