Golar LNG Partners LP (GMLP) Expected to Post Earnings of $0.44 Per Share
Brokerages expect Golar LNG Partners LP (NASDAQ:GMLP) to report $0.44 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Golar LNG Partners’ earnings. The highest EPS estimate is $0.51 and the lowest is $0.36. Golar LNG Partners reported earnings of $0.37 per share during the same quarter last year, which would indicate a positive year over year growth rate of 18.9%. The company is expected to report its next quarterly earnings report before the market opens on Tuesday, May 30th.
On average, analysts expect that Golar LNG Partners will report full year earnings of $2.21 per share for the current financial year, with EPS estimates ranging from $1.85 to $2.43. For the next year, analysts expect that the business will post earnings of $2.01 per share, with EPS estimates ranging from $1.45 to $2.39. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Golar LNG Partners.
Golar LNG Partners (NASDAQ:GMLP) last issued its quarterly earnings data on Tuesday, February 28th. The shipping company reported $1.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.41. Golar LNG Partners had a net margin of 35.76% and a return on equity of 27.10%. The company had revenue of $114.94 million during the quarter, compared to the consensus estimate of $115.30 million.
Several research firms have weighed in on GMLP. Jefferies Group LLC upped their price objective on shares of Golar LNG Partners from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, March 1st. Zacks Investment Research upgraded shares of Golar LNG Partners from a “sell” rating to a “hold” rating in a report on Tuesday, April 25th.
Shares of Golar LNG Partners (NASDAQ:GMLP) opened at 20.43 on Thursday. Golar LNG Partners has a 12 month low of $16.21 and a 12 month high of $25.82. The stock’s 50 day moving average is $21.83 and its 200 day moving average is $22.36. The company has a market cap of $1.34 billion, a P/E ratio of 7.48 and a beta of 1.03.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 12th. Shareholders of record on Friday, May 5th were issued a dividend of $0.5775 per share. The ex-dividend date of this dividend was Wednesday, May 3rd. This represents a $2.31 annualized dividend and a yield of 11.31%. Golar LNG Partners’s payout ratio is 78.04%.
Hedge funds have recently bought and sold shares of the company. Winslow Evans & Crocker Inc. raised its stake in Golar LNG Partners by 46.1% in the first quarter. Winslow Evans & Crocker Inc. now owns 11,876 shares of the shipping company’s stock valued at $265,000 after buying an additional 3,750 shares during the last quarter. Honkamp Krueger Financial Services Inc. purchased a new stake in Golar LNG Partners during the first quarter valued at about $201,000. Ladenburg Thalmann Financial Services Inc. raised its stake in Golar LNG Partners by 13.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,600 shares of the shipping company’s stock valued at $303,000 after buying an additional 1,500 shares during the last quarter. Guggenheim Capital LLC raised its stake in Golar LNG Partners by 12.9% in the fourth quarter. Guggenheim Capital LLC now owns 143,154 shares of the shipping company’s stock valued at $3,441,000 after buying an additional 16,333 shares during the last quarter. Finally, Vertex One Asset Management Inc. raised its stake in Golar LNG Partners by 46.8% in the fourth quarter. Vertex One Asset Management Inc. now owns 313,800 shares of the shipping company’s stock valued at $7,544,000 after buying an additional 100,000 shares during the last quarter. Hedge funds and other institutional investors own 72.42% 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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