Golar LNG Partners (NASDAQ:GMLP) will be announcing its earnings results before the market opens on Tuesday, May 21st. Analysts expect the company to announce earnings of $0.11 per share for the quarter.
Golar LNG Partners (NASDAQ:GMLP) last released its quarterly earnings data on Wednesday, February 27th. The shipping company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.58). Golar LNG Partners had a net margin of 21.11% and a return on equity of 11.02%. The business had revenue of $80.00 million during the quarter, compared to analysts’ expectations of $89.28 million. On average, analysts expect Golar LNG Partners to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Golar LNG Partners stock traded up $0.04 during mid-day trading on Thursday, reaching $12.23. The company’s stock had a trading volume of 100 shares, compared to its average volume of 287,689. Golar LNG Partners has a 12-month low of $10.23 and a 12-month high of $21.00. The firm has a market capitalization of $865.60 million, a price-to-earnings ratio of 11.63, a P/E/G ratio of 1.61 and a beta of 1.14. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 2.10.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 14th. Stockholders of record on Tuesday, May 7th were issued a dividend of $0.4042 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 13.22%. The ex-dividend date of this dividend was Monday, May 6th. Golar LNG Partners’s dividend payout ratio is currently 154.29%.
GMLP has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Golar LNG Partners from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 24th. BidaskClub downgraded shares of Golar LNG Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. ValuEngine raised shares of Golar LNG Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, March 12th. Bank of America downgraded shares of Golar LNG Partners from a “neutral” rating to an “underperform” rating and set a $12.00 price target for the company. in a research note on Friday, March 1st. Finally, B. Riley set a $17.00 price target on shares of Golar LNG Partners and gave the stock a “hold” rating in a research note on Thursday, February 28th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $14.71.
An institutional investor recently raised its position in Golar LNG Partners stock. Geode Capital Management LLC raised its holdings in shares of Golar LNG Partners LP (NASDAQ:GMLP) by 5.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 61,003 shares of the shipping company’s stock after purchasing an additional 3,101 shares during the period. Geode Capital Management LLC owned 0.09% of Golar LNG Partners worth $658,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 33.18% of the company’s stock.
Golar LNG Partners Company Profile
Golar LNG Partners LP engages in the logistics solutions. Its activities include owning, trading, and operation of floating storage and regasification units (FSRU) and liquefied natural gas ( LNG) marine transportation. The company was founded on September 24, 2007 and is headquartered in Hamilton, Bermuda.
See Also: Call Option Volume
Receive News & Ratings for Golar LNG Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golar LNG Partners and related companies with MarketBeat.com's FREE daily email newsletter.