Q4 2018 Earnings Estimate for Golar LNG Partners LP (GMLP) Issued By Jefferies Financial Group

Golar LNG Partners LP (NASDAQ:GMLP) – Equities researchers at Jefferies Financial Group boosted their Q4 2018 earnings estimates for shares of Golar LNG Partners in a report issued on Monday, November 5th. Jefferies Financial Group analyst R. Giveans now forecasts that the shipping company will earn $0.42 per share for the quarter, up from their prior forecast of $0.41. Jefferies Financial Group also issued estimates for Golar LNG Partners’ FY2019 earnings at $1.24 EPS.

GMLP has been the subject of several other reports. BidaskClub upgraded Golar LNG Partners from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 20th. B. Riley began coverage on Golar LNG Partners in a research report on Wednesday, September 5th. They set a “neutral” rating and a $17.00 price objective for the company. BTIG Research began coverage on Golar LNG Partners in a research report on Wednesday, July 18th. They set a “neutral” rating for the company. DNB Markets downgraded Golar LNG Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, September 5th. Finally, ValuEngine upgraded Golar LNG Partners from a “sell” rating to a “hold” rating in a research report on Monday, September 24th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $18.75.

Shares of GMLP stock opened at $14.46 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.55 and a debt-to-equity ratio of 1.65. Golar LNG Partners has a twelve month low of $12.71 and a twelve month high of $23.46. The firm has a market cap of $1.02 billion, a P/E ratio of 7.69, a price-to-earnings-growth ratio of 1.92 and a beta of 0.91.

Golar LNG Partners (NASDAQ:GMLP) last announced its quarterly earnings data on Monday, November 5th. The shipping company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.36. Golar LNG Partners had a return on equity of 13.60% and a net margin of 26.85%.

Institutional investors have recently bought and sold shares of the business. Wedbush Securities Inc. raised its position in Golar LNG Partners by 28.4% in the second quarter. Wedbush Securities Inc. now owns 18,926 shares of the shipping company’s stock valued at $293,000 after purchasing an additional 4,181 shares during the last quarter. Millennium Management LLC bought a new position in Golar LNG Partners in the first quarter valued at about $1,866,000. Van ECK Associates Corp raised its position in Golar LNG Partners by 10.9% in the second quarter. Van ECK Associates Corp now owns 160,020 shares of the shipping company’s stock valued at $2,474,000 after purchasing an additional 15,696 shares during the last quarter. Huber Capital Management LLC raised its position in Golar LNG Partners by 11.5% in the second quarter. Huber Capital Management LLC now owns 1,923,569 shares of the shipping company’s stock valued at $29,738,000 after purchasing an additional 198,135 shares during the last quarter. Finally, FMR LLC raised its position in Golar LNG Partners by 52.8% in the second quarter. FMR LLC now owns 6,890,460 shares of the shipping company’s stock valued at $106,527,000 after purchasing an additional 2,379,700 shares during the last quarter. Hedge funds and other institutional investors own 39.28% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 14th. Shareholders of record on Wednesday, November 7th will be given a $0.404 dividend. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $1.62 annualized dividend and a yield of 11.18%. Golar LNG Partners’s dividend payout ratio is presently 86.17%.

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 April 6, 2018, 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: Float

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

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