Golar LNG Partners LP (NASDAQ:GMLP) announced a quarterly dividend on Monday, October 28th, Zacks reports. Shareholders of record on Friday, November 8th will be given a dividend of 0.404 per share by the shipping company on Thursday, November 14th. This represents a $1.62 dividend on an annualized basis and a yield of 15.57%. The ex-dividend date of this dividend is Thursday, November 7th.
GMLP traded down $0.12 during trading on Tuesday, reaching $10.38. 3,604 shares of the company’s stock were exchanged, compared to its average volume of 148,345. Golar LNG Partners has a one year low of $9.01 and a one year high of $15.48. The company has a current ratio of 0.46, a quick ratio of 0.45 and a debt-to-equity ratio of 2.11. The stock has a market capitalization of $742.24 million, a PE ratio of 9.95, a price-to-earnings-growth ratio of 2.57 and a beta of 1.00. The firm has a fifty day moving average price of $10.04 and a two-hundred day moving average price of $10.93.
Golar LNG Partners (NASDAQ:GMLP) last posted its quarterly earnings data on Wednesday, September 4th. The shipping company reported $0.23 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.23. Golar LNG Partners had a net margin of 2.83% and a return on equity of 9.23%. The company had revenue of $75.74 million for the quarter, compared to analyst estimates of $78.41 million. Sell-side analysts expect that Golar LNG Partners will post 0.51 earnings per share for the current year.
A number of research firms have recently commented on GMLP. BidaskClub raised shares of Golar LNG Partners from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 8th. B. Riley set a $14.00 price objective on shares of Golar LNG Partners and gave the company a “hold” rating in a research note on Friday, August 30th. Scotiabank set a $10.00 price objective on shares of Golar LNG Partners and gave the company a “hold” rating in a research note on Monday, September 30th. Bank of America reduced their price objective on shares of Golar LNG Partners from $11.50 to $10.00 and set an “underperform” rating on the stock in a research note on Thursday, August 22nd. Finally, Zacks Investment Research lowered shares of Golar LNG Partners from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 3rd. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $11.75.
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 charters in Brazil, Indonesia, Jordan, Kuwait, and the United Arab Emirates. As of March 15, 2019, it had a fleet of six FSRUs and four LNG carriers. Golar GP LLC serves as the general partner of Golar LNG Partners LP.
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