Equities analysts predict that Golar LNG Partners LP (NASDAQ:GMLP) will announce $110.78 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Golar LNG Partners’ earnings. The highest sales estimate is $115.90 million and the lowest is $107.64 million. Golar LNG Partners reported sales of $111.75 million during the same quarter last year, which would indicate a negative year over year growth rate of 0.9%. The company is expected to issue its next earnings results on Wednesday, August 30th.

According to Zacks, analysts expect that Golar LNG Partners will report full-year sales of $110.78 million for the current financial year, with estimates ranging from $390.45 million to $438.30 million. For the next financial year, analysts expect that the firm will report sales of $434.49 million per share, with estimates ranging from $333.90 million to $510.20 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Golar LNG Partners.

Golar LNG Partners (NASDAQ:GMLP) last announced its earnings results on Wednesday, May 31st. The shipping company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.46 by $0.11. The firm had revenue of $101.39 million during the quarter, compared to analysts’ expectations of $100.79 million. Golar LNG Partners had a net margin of 40.50% and a return on equity of 28.97%.

A number of research firms have recently commented on GMLP. Zacks Investment Research lowered shares of Golar LNG Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. BidaskClub raised shares of Golar LNG Partners from a “strong sell” rating to a “sell” rating in a research report on Sunday, June 18th. Jefferies Group LLC reissued a “buy” rating and issued a $26.00 price target on shares of Golar LNG Partners in a research report on Monday, June 12th. Morgan Stanley reissued an “equal weight” rating and issued a $22.00 price target (down previously from $24.00) on shares of Golar LNG Partners in a research report on Tuesday, June 13th. Finally, Seaport Global Securities reissued a “neutral” rating and issued a $22.00 price target on shares of Golar LNG Partners in a research report on Tuesday, May 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $23.25.

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Several large investors have recently made changes to their positions in GMLP. OppenheimerFunds Inc. increased its stake in shares of Golar LNG Partners by 19.9% in the first quarter. OppenheimerFunds Inc. now owns 5,426,511 shares of the shipping company’s stock valued at $121,228,000 after buying an additional 901,925 shares during the last quarter. HITE Hedge Asset Management LLC bought a new stake in shares of Golar LNG Partners during the first quarter valued at about $13,755,000. Clearbridge Investments LLC increased its stake in shares of Golar LNG Partners by 29.0% in the first quarter. Clearbridge Investments LLC now owns 1,533,549 shares of the shipping company’s stock valued at $34,259,000 after buying an additional 345,000 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Golar LNG Partners by 884.2% in the first quarter. Renaissance Technologies LLC now owns 281,517 shares of the shipping company’s stock valued at $6,289,000 after buying an additional 252,912 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Golar LNG Partners by 11.2% in the first quarter. FMR LLC now owns 1,195,900 shares of the shipping company’s stock valued at $26,716,000 after buying an additional 120,300 shares during the last quarter. Institutional investors and hedge funds own 77.36% of the company’s stock.

Golar LNG Partners (GMLP) opened at 21.06 on Friday. The stock has a market capitalization of $1.49 billion, a P/E ratio of 7.58 and a beta of 0.91. The stock has a 50 day moving average of $20.23 and a 200 day moving average of $22.15. Golar LNG Partners has a 52 week low of $17.38 and a 52 week high of $25.82.

About Golar LNG Partners

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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Earnings History and Estimates for Golar LNG Partners (NASDAQ:GMLP)

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