Golar LNG Partners LP (GMLP) Scheduled to Post Earnings on Tuesday
Golar LNG Partners LP (NASDAQ:GMLP) is set to release its earnings data before the market opens on Tuesday, August 29th. Analysts expect Golar LNG Partners to post earnings of $0.64 per share for the quarter.
Golar LNG Partners (NASDAQ:GMLP) last announced its quarterly earnings results on Wednesday, May 31st. The shipping company reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by $0.11. Golar LNG Partners had a net margin of 40.50% and a return on equity of 28.97%. The firm had revenue of $101.39 million during the quarter, compared to the consensus estimate of $100.79 million. On average, analysts expect Golar LNG Partners to post $2.29 EPS for the current fiscal year and $1.89 EPS for the next fiscal year.
Golar LNG Partners LP (NASDAQ GMLP) opened at 19.69 on Tuesday. The firm has a 50-day moving average of $20.97 and a 200 day moving average of $21.54. Golar LNG Partners LP has a one year low of $18.13 and a one year high of $25.82. The company has a market capitalization of $1.39 billion, a P/E ratio of 7.09 and a beta of 0.93.
The company also recently announced a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Friday, August 4th were paid a $0.5775 dividend. This represents a $2.31 annualized dividend and a dividend yield of 11.73%. The ex-dividend date was Wednesday, August 2nd. Golar LNG Partners’s dividend payout ratio is currently 82.21%.
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Several equities research analysts have recently weighed in on GMLP shares. BidaskClub raised shares of Golar LNG Partners from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. ValuEngine downgraded shares of Golar LNG Partners from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 3rd. Jefferies Group LLC reissued a “buy” rating and issued a $26.00 target price on shares of Golar LNG Partners in a research note on Monday, June 12th. Morgan Stanley reissued an “equal weight” rating and issued a $22.00 target price (down previously from $24.00) on shares of Golar LNG Partners in a research note on Tuesday, June 13th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $23.00 target price on shares of Golar LNG Partners in a research note on Friday, July 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $23.25.
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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