Golar LNG Partners LP (NASDAQ:GMLP) – Investment analysts at Seaport Global Securities issued their Q1 2018 earnings per share (EPS) estimates for Golar LNG Partners in a note issued to investors on Wednesday. Seaport Global Securities analyst S. Sibal forecasts that the shipping company will earn $0.36 per share for the quarter. Seaport Global Securities also issued estimates for Golar LNG Partners’ Q2 2018 earnings at $0.43 EPS, Q3 2018 earnings at $0.52 EPS, Q4 2018 earnings at $0.49 EPS and FY2018 earnings at $1.79 EPS.
A number of other analysts have also issued reports on the stock. ValuEngine upgraded shares of Golar LNG Partners from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Zacks Investment Research lowered shares of Golar LNG Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. ABN Amro started coverage on shares of Golar LNG Partners in a research note on Monday, October 30th. They set a “buy” rating for the company. Stifel Nicolaus restated a “hold” rating on shares of Golar LNG Partners in a research report on Friday, September 22nd. Finally, Jefferies Group restated a “buy” rating on shares of Golar LNG Partners in a research report on Tuesday, August 22nd. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $23.25.
Golar LNG Partners (NASDAQ:GMLP) last issued its quarterly earnings results on Wednesday, August 30th. The shipping company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.12. Golar LNG Partners had a net margin of 43.94% and a return on equity of 31.12%.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Monday, October 30th were issued a $0.5775 dividend. This represents a $2.31 dividend on an annualized basis and a yield of 11.52%. The ex-dividend date of this dividend was Friday, October 27th. Golar LNG Partners’s payout ratio is 82.50%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC acquired a new stake in Golar LNG Partners in the 3rd quarter valued at about $344,000. JPMorgan Chase & Co. raised its holdings in Golar LNG Partners by 37.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 666,827 shares of the shipping company’s stock worth $15,110,000 after buying an additional 181,868 shares during the period. Arrow Investment Advisors LLC raised its holdings in Golar LNG Partners by 17.0% during the 3rd quarter. Arrow Investment Advisors LLC now owns 36,356 shares of the shipping company’s stock worth $845,000 after buying an additional 5,270 shares during the period. BNP Paribas Arbitrage SA acquired a new stake in Golar LNG Partners during the 3rd quarter worth about $108,000. Finally, Alps Advisors Inc. acquired a new stake in Golar LNG Partners during the 3rd quarter worth about $500,000. 46.85% of the stock is owned by institutional investors.
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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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