Golar LNG Partners (NASDAQ:GMLP) issued its earnings results on Tuesday. The shipping company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.18), Yahoo Finance reports. Golar LNG Partners had a return on equity of 9.23% and a net margin of 2.83%.
NASDAQ:GMLP opened at $9.67 on Wednesday. The company has a market capitalization of $645.82 million, a price-to-earnings ratio of 9.21, a price-to-earnings-growth ratio of 2.23 and a beta of 1.00. Golar LNG Partners has a one year low of $8.94 and a one year high of $14.28. The stock has a 50-day simple moving average of $9.89 and a 200 day simple moving average of $10.60. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.45 and a current ratio of 0.46.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Friday, November 8th were paid a $0.404 dividend. The ex-dividend date was Thursday, November 7th. This represents a $1.62 dividend on an annualized basis and a yield of 16.71%. Golar LNG Partners’s dividend payout ratio (DPR) is 154.29%.
Several analysts recently issued reports on GMLP shares. BidaskClub downgraded Golar LNG Partners from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 12th. Scotiabank set a $10.00 price target on Golar LNG Partners and gave the company a “hold” rating in a report on Monday, September 30th. B. Riley set a $14.00 price target on Golar LNG Partners and gave the company a “hold” rating in a report on Friday, August 30th. ValuEngine downgraded Golar LNG Partners from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Finally, Bank of America lowered their price target on Golar LNG Partners from $11.50 to $10.00 and set an “underperform” rating for the company in a report on Thursday, August 22nd. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $11.75.
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 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.
See Also: Profit Margin
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.