Some Traders See Unusual Bullish Options Activity in Golar LNG Partners LP

 Some Traders See Unusual Bullish Options Activity in Golar LNG Partners LP

In today’s session Golar LNG Partners LP (GMLP) registered an unusually high (1,949) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious GMLP increase. With 1,949 contracts traded and 43504 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: GMLP161216C00022500 closed last at: $0.65 or 30% up. Golar LNG Partners LP (NASDAQ:GMLP) has risen 26.40% since April 22, 2016 and is uptrending. It has outperformed by 20.99% the S&P500.

Analysts await Golar LNG Partners LP (NASDAQ:GMLP) to report earnings on November, 30 before the open. They expect $0.71 earnings per share, down 1.39% or $0.01 from last year’s $0.72 per share. GMLP’s profit will be $44.20M for 7.24 P/E if the $0.71 EPS becomes a reality. After $0.62 actual earnings per share reported by Golar LNG Partners LP for the previous quarter, Wall Street now forecasts 14.52% EPS growth.

Golar LNG Partners LP (NASDAQ:GMLP) Ratings Coverage

Out of 4 analysts covering Golar LNG Partners (NASDAQ:GMLP), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. $29 is the highest target while $12 is the lowest. The $22.57 average target is 9.78% above today’s ($20.56) stock price. Golar LNG Partners has been the topic of 8 analyst reports since August 19, 2015 according to StockzIntelligence Inc. Jefferies initiated Golar LNG Partners LP (NASDAQ:GMLP) on Tuesday, September 13 with “Buy” rating. The firm has “Buy” rating by Danske Bank given on Tuesday, September 22. The firm has “Hold” rating by Zacks given on Wednesday, August 19.

According to Zacks Investment Research, “Golar LNG Partners LP is a limited partnership primarily focused on owning and operating floating storage and regasification units (or FSRUs) and LNG carriers under long-term charters. Golar LNG Partners LP is based in Hamilton, Bermuda.”

Golar LNG Partners LP owns and operates floating storage regasification units and liquefied natural gas (LNG) carriers under long-term time charters. The company has a market cap of $1.28 billion. The Firm operates through the LNG market segment. It has a 6.53 P/E ratio. The Company’s fleet consists of approximately six FSRUs and over four LNG carriers.

GMLP Company Profile

Golar LNG Partners LP, incorporated on October 24, 2007, owns and operates floating storage regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term time charters. The Firm operates through the LNG market segment. The Company’s fleet consists of approximately six FSRUs and over four LNG carriers.

More notable recent Golar LNG Partners LP (NASDAQ:GMLP) news were published by: Globenewswire.com which released: “Golar LNG Partners LP: Q3 2016 results presentation” on November 21, 2016, also Globenewswire.com with their article: “Golar LNG Partners L.P. – Exchange of Incentive Distribution Rights” published on October 14, 2016, Nasdaq.com published: “Golar LNG Partners LP (GMLP) Ex-Dividend Date Scheduled for November 03, 2016” on November 02, 2016. More interesting news about Golar LNG Partners LP (NASDAQ:GMLP) were released by: Thestreet.com and their article: “Why Golar LNG Partners (GMLP) Stock Plummeted Today” published on December 17, 2015 as well as Nasdaq.com‘s news article titled: “Golar LNG Partners LP (GMLP) Ex-Dividend Date Scheduled for August 03, 2016” with publication date: August 02, 2016.

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