Golar LNG Partners LP (GMLP) to Post FY2017 Earnings of $2.71 Per Share, Jefferies Group Forecasts
Golar LNG Partners LP (NASDAQ:GMLP) – Jefferies Group reduced their FY2017 earnings per share estimates for Golar LNG Partners in a note issued to investors on Friday. Jefferies Group analyst R. Giveans now anticipates that the firm will post earnings per share of $2.71 for the year, down from their prior estimate of $2.84. Jefferies Group currently has a “Buy” rating and a $25.00 target price on the stock.
Golar LNG Partners (NASDAQ:GMLP) last issued its quarterly earnings data on Wednesday, August 31st. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.61 by $0.16.
GMLP has been the topic of several other research reports. Morgan Stanley set a $15.00 price target on shares of Golar LNG Partners and gave the company a “hold” rating in a report on Tuesday, September 6th. Zacks Investment Research lowered shares of Golar LNG Partners from a “buy” rating to a “hold” rating in a report on Wednesday, August 31st.
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Shares of Golar LNG Partners (NASDAQ:GMLP) opened at 21.66 on Monday. The stock has a market cap of $1.35 billion, a P/E ratio of 10.07 and a beta of 1.01. The stock’s 50 day moving average is $19.54 and its 200 day moving average is $18.01. Golar LNG Partners has a 12 month low of $7.55 and a 12 month high of $22.42.
A number of hedge funds have recently modified their holdings of the stock. Spirit of America Management Corp NY increased its stake in shares of Golar LNG Partners by 81.3% in the third quarter. Spirit of America Management Corp NY now owns 469,227 shares of the company’s stock valued at $9,211,000 after buying an additional 210,400 shares during the period. Creative Planning increased its stake in shares of Golar LNG Partners by 43.2% in the third quarter. Creative Planning now owns 5,300 shares of the company’s stock valued at $104,000 after buying an additional 1,600 shares during the period. Searle & CO. purchased a new stake in shares of Golar LNG Partners during the third quarter valued at about $377,000. Stifel Financial Corp increased its stake in shares of Golar LNG Partners by 0.5% in the second quarter. Stifel Financial Corp now owns 550,471 shares of the company’s stock valued at $10,090,000 after buying an additional 2,870 shares during the period. Finally, Advisory Research Inc. increased its stake in shares of Golar LNG Partners by 0.7% in the second quarter. Advisory Research Inc. now owns 1,081,625 shares of the company’s stock valued at $19,826,000 after buying an additional 7,000 shares during the period.
Golar LNG Partners Company Profile
Golar LNG Partners LP (Golar LNG Partners) owns and operates floating storage and regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term charters. The Company operates a fleet of around six FSRU vessels and 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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