$78.41 Million in Sales Expected for Golar LNG Partners LP (NASDAQ:GMLP) This Quarter

Equities research analysts predict that Golar LNG Partners LP (NASDAQ:GMLP) will announce sales of $78.41 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Golar LNG Partners’ earnings, with estimates ranging from $71.94 million to $82.10 million. Golar LNG Partners reported sales of $84.20 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 6.9%. The company is scheduled to report its next earnings report on Thursday, August 22nd.

According to Zacks, analysts expect that Golar LNG Partners will report full-year sales of $307.58 million for the current fiscal year, with estimates ranging from $287.02 million to $323.60 million. For the next financial year, analysts expect that the company will post sales of $311.79 million, with estimates ranging from $303.70 million to $318.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Golar LNG Partners.

Golar LNG Partners (NASDAQ:GMLP) last announced its earnings results on Tuesday, May 21st. The shipping company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.02). The firm had revenue of $68.05 million during the quarter, compared to the consensus estimate of $70.94 million. Golar LNG Partners had a return on equity of 10.05% and a net margin of 12.69%.

A number of equities analysts have commented on GMLP shares. TheStreet downgraded shares of Golar LNG Partners from a “c” rating to a “d+” rating in a report on Friday, June 7th. Zacks Investment Research lowered Golar LNG Partners from a “buy” rating to a “sell” rating in a research note on Wednesday, July 24th. Finally, BidaskClub upgraded Golar LNG Partners from a “sell” rating to a “hold” rating in a research note on Friday, June 28th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $13.83.

Golar LNG Partners stock traded up $0.06 during trading hours on Wednesday, reaching $11.83. The stock had a trading volume of 206,700 shares, compared to its average volume of 243,010. The company has a market capitalization of $840.76 million, a P/E ratio of 11.27, a price-to-earnings-growth ratio of 1.72 and a beta of 1.06. The company has a current ratio of 1.10, a quick ratio of 1.08 and a debt-to-equity ratio of 1.85. The stock has a 50 day moving average of $11.48. Golar LNG Partners has a 52 week low of $10.23 and a 52 week high of $16.99.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th will be paid a dividend of $0.404 per share. The ex-dividend date is Tuesday, August 6th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 13.66%. Golar LNG Partners’s payout ratio is 154.29%.

Hedge funds have recently modified their holdings of the company. Regent Investment Management LLC purchased a new stake in Golar LNG Partners in the first quarter valued at approximately $142,000. SeaBridge Investment Advisors LLC boosted its position in Golar LNG Partners by 50.0% in the first quarter. SeaBridge Investment Advisors LLC now owns 6,000 shares of the shipping company’s stock valued at $77,000 after buying an additional 2,000 shares during the last quarter. FMR LLC boosted its position in Golar LNG Partners by 1.3% in the fourth quarter. FMR LLC now owns 6,976,827 shares of the shipping company’s stock valued at $75,350,000 after buying an additional 86,367 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Golar LNG Partners by 12.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 11,440 shares of the shipping company’s stock valued at $123,000 after buying an additional 1,240 shares during the last quarter. Finally, Sippican Capital Advisors boosted its position in Golar LNG Partners by 25.9% in the first quarter. Sippican Capital Advisors now owns 15,920 shares of the shipping company’s stock valued at $206,000 after buying an additional 3,275 shares during the last quarter. Institutional investors and hedge funds own 32.68% of the company’s stock.

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

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