Equities research analysts expect that Golar LNG Partners LP (NASDAQ:GMLP) will report $0.25 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Golar LNG Partners’ earnings, with estimates ranging from $0.16 to $0.39. Golar LNG Partners reported earnings per share of $1.12 during the same quarter last year, which suggests a negative year over year growth rate of 77.7%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Wednesday, February 28th.
According to Zacks, analysts expect that Golar LNG Partners will report full year earnings of $1.76 per share for the current year, with EPS estimates ranging from $1.67 to $1.87. For the next year, analysts anticipate that the firm will report earnings of $1.25 per share, with EPS estimates ranging from $0.81 to $1.79. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Golar LNG Partners.
Golar LNG Partners (NASDAQ:GMLP) last issued its quarterly earnings results on Monday, December 11th. The shipping company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.03). Golar LNG Partners had a return on equity of 25.88% and a net margin of 38.29%. The business had revenue of $105.64 million for the quarter, compared to analyst estimates of $96.00 million.
Several equities research analysts have recently commented on GMLP shares. Stifel Nicolaus upgraded shares of Golar LNG Partners from a “hold” rating to a “buy” rating and lifted their price target for the stock from $23.00 to $25.00 in a research report on Monday, December 18th. Jefferies Group began coverage on shares of Golar LNG Partners in a research report on Monday, December 18th. They set a “buy” rating and a $26.00 price target for the company. ABN Amro began coverage on shares of Golar LNG Partners in a report on Monday, October 30th. They set a “buy” rating for the company. ValuEngine cut shares of Golar LNG Partners from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Zacks Investment Research upgraded shares of Golar LNG Partners from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 7th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Golar LNG Partners has a consensus rating of “Hold” and a consensus target price of $23.75.
Shares of Golar LNG Partners (NASDAQ GMLP) opened at $20.79 on Tuesday. Golar LNG Partners has a 1 year low of $18.77 and a 1 year high of $23.94. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.00 and a current ratio of 1.01. The company has a market cap of $1,440.00, a P/E ratio of 9.16, a PEG ratio of 1.84 and a beta of 0.82.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, February 7th were issued a dividend of $0.5775 per share. This represents a $2.31 dividend on an annualized basis and a yield of 11.11%. The ex-dividend date of this dividend was Tuesday, February 6th. Golar LNG Partners’s dividend payout ratio is currently 101.76%.
A number of hedge funds and other institutional investors have recently modified their holdings of GMLP. Alliancebernstein L.P. grew its holdings in Golar LNG Partners by 5.9% during the second quarter. Alliancebernstein L.P. now owns 10,223 shares of the shipping company’s stock valued at $205,000 after purchasing an additional 572 shares during the period. Northern Trust Corp boosted its holdings in shares of Golar LNG Partners by 15.6% in the second quarter. Northern Trust Corp now owns 62,288 shares of the shipping company’s stock valued at $1,249,000 after buying an additional 8,405 shares during the period. FMR LLC boosted its holdings in shares of Golar LNG Partners by 4.7% in the second quarter. FMR LLC now owns 1,251,660 shares of the shipping company’s stock valued at $25,121,000 after buying an additional 55,760 shares during the period. California Public Employees Retirement System boosted its holdings in shares of Golar LNG Partners by 0.4% in the second quarter. California Public Employees Retirement System now owns 168,300 shares of the shipping company’s stock valued at $3,378,000 after buying an additional 600 shares during the period. Finally, Royal Bank of Canada boosted its holdings in shares of Golar LNG Partners by 1.1% in the second quarter. Royal Bank of Canada now owns 41,584 shares of the shipping company’s stock valued at $834,000 after buying an additional 448 shares during the period. Hedge funds and other institutional investors own 44.93% of the company’s stock.
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Golar LNG Partners Company Profile
Golar LNG Partners LP owns and operates floating storage regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term time charters. The Company operates through the LNG market segment. The Company’s fleet consists of approximately six FSRUs and over four LNG carriers. The Company’s FSRU vessels include Golar Spirit, Golar Winter, Golar Freeze, NR Satu, Golar Igloo and Golar Eskimo.
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