Golar LNG Partners LP Forecasted to Post FY2017 Earnings of $1.87 Per Share (GMLP)

Golar LNG Partners LP (NASDAQ:GMLP) – Analysts at Jefferies Group lowered their FY2017 EPS estimates for shares of Golar LNG Partners in a research note issued on Thursday. Jefferies Group analyst R. Giveans now expects that the shipping company will post earnings per share of $1.87 for the year, down from their previous estimate of $1.95. Jefferies Group has a “Buy” rating and a $26.00 price objective on the stock. Jefferies Group also issued estimates for Golar LNG Partners’ Q4 2017 earnings at $0.24 EPS.

A number of other equities research analysts have also weighed in on GMLP. Stifel Nicolaus set a $23.00 target price on Golar LNG Partners and gave the company a “hold” rating in a research report on Thursday, August 17th. ValuEngine raised Golar LNG Partners from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Zacks Investment Research raised Golar LNG Partners from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, ABN Amro started coverage on Golar LNG Partners in a research report on Monday, October 30th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Golar LNG Partners currently has an average rating of “Buy” and an average target price of $23.25.

Shares of Golar LNG Partners (GMLP) opened at $20.05 on Monday. The company has a current ratio of 1.78, a quick ratio of 1.77 and a debt-to-equity ratio of 2.01. The firm has a market capitalization of $1,416.77, a price-to-earnings ratio of 6.75, a price-to-earnings-growth ratio of 1.19 and a beta of 0.88. Golar LNG Partners has a 1 year low of $18.77 and a 1 year high of $25.82.

Several institutional investors and hedge funds have recently added to or reduced their stakes in GMLP. BNP Paribas Arbitrage SA bought a new position in shares of Golar LNG Partners in the 3rd quarter worth $108,000. Bronfman E.L. Rothschild L.P. raised its position in shares of Golar LNG Partners by 12.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,655 shares of the shipping company’s stock worth $113,000 after acquiring an additional 620 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Golar LNG Partners by 5.9% in the 2nd quarter. Alliancebernstein L.P. now owns 10,223 shares of the shipping company’s stock worth $205,000 after acquiring an additional 572 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Golar LNG Partners by 2.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 16,741 shares of the shipping company’s stock worth $336,000 after acquiring an additional 361 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Golar LNG Partners in the 3rd quarter worth $344,000. 46.85% of the stock is owned by hedge funds and other institutional investors.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Monday, October 30th were given a $0.5775 dividend. This represents a $2.31 annualized dividend and a dividend yield of 11.52%. The ex-dividend date of this dividend was Friday, October 27th. Golar LNG Partners’s payout ratio is 77.78%.

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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.

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

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