Recent Research Analysts’ Ratings Changes for Golar LNG Partners (GMLP)

A number of research firms have changed their ratings and price targets for Golar LNG Partners (NASDAQ: GMLP):

  • 6/11/2019 – Golar LNG Partners was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 6/7/2019 – Golar LNG Partners was downgraded by analysts at TheStreet from a “c” rating to a “d+” rating.
  • 5/30/2019 – Golar LNG Partners was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 5/24/2019 – Golar LNG Partners was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “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. “
  • 4/24/2019 – Golar LNG Partners was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “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. “
  • 4/23/2019 – Golar LNG Partners was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 4/13/2019 – Golar LNG Partners was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Shares of NASDAQ GMLP traded down $0.25 during mid-day trading on Wednesday, reaching $11.26. 216,394 shares of the company were exchanged, compared to its average volume of 272,898. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.10 and a quick ratio of 1.08. The stock has a market capitalization of $798.24 million, a P/E ratio of 10.72, a price-to-earnings-growth ratio of 1.45 and a beta of 1.12. Golar LNG Partners LP has a 1 year low of $10.23 and a 1 year high of $16.99.

Golar LNG Partners (NASDAQ:GMLP) last released its quarterly earnings results on Tuesday, May 21st. The shipping company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). Golar LNG Partners had a net margin of 12.69% and a return on equity of 10.05%. The business had revenue of $68.05 million during the quarter, compared to analysts’ expectations of $70.94 million. As a group, equities research analysts anticipate that Golar LNG Partners LP will post 0.98 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 14th. Stockholders of record on Tuesday, May 7th were issued a dividend of $0.4042 per share. This represents a $1.62 annualized dividend and a dividend yield of 14.36%. The ex-dividend date was Monday, May 6th. Golar LNG Partners’s dividend payout ratio is currently 154.29%.

Several hedge funds have recently added to or reduced their stakes in GMLP. FMR LLC grew its stake in shares of Golar LNG Partners by 1.3% in the fourth quarter. FMR LLC now owns 6,976,827 shares of the shipping company’s stock worth $75,350,000 after acquiring an additional 86,367 shares during the period. OppenheimerFunds Inc. grew its holdings in shares of Golar LNG Partners by 0.5% in the first quarter. OppenheimerFunds Inc. now owns 6,292,174 shares of the shipping company’s stock worth $81,232,000 after purchasing an additional 33,479 shares during the last quarter. Morgan Stanley grew its holdings in Golar LNG Partners by 8.0% during the 3rd quarter. Morgan Stanley now owns 557,299 shares of the shipping company’s stock worth $7,986,000 after acquiring an additional 41,376 shares in the last quarter. Muhlenkamp & Co. Inc. bought a new position in Golar LNG Partners during the 1st quarter worth about $3,077,000. Finally, Duff & Phelps Investment Management Co. grew its holdings in Golar LNG Partners by 26.5% during the 1st quarter. Duff & Phelps Investment Management Co. now owns 215,000 shares of the shipping company’s stock worth $2,776,000 after acquiring an additional 45,000 shares in the last quarter. 32.70% of the stock is owned by institutional investors and hedge funds.

Golar LNG Partners LP owns and operates floating storage regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term charters in Brazil, Indonesia, Jordan, Kuwait, and the United Arab Emirates. As of March 15, 2019, it had a fleet of six FSRUs and four LNG carriers. Golar GP LLC serves as the general partner of Golar LNG Partners LP.

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