Golar LNG Partners (NASDAQ:GMLP) Issues Earnings Results

Golar LNG Partners (NASDAQ:GMLP) released its quarterly earnings data on Tuesday. The shipping company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.18), Yahoo Finance reports. The business had revenue of $74.13 million during the quarter, compared to analyst estimates of $76.47 million. Golar LNG Partners had a return on equity of 9.23% and a net margin of 2.83%.

Shares of NASDAQ GMLP opened at $9.67 on Wednesday. Golar LNG Partners has a fifty-two week low of $8.94 and a fifty-two week high of $14.28. The firm’s 50-day simple moving average is $9.89 and its 200 day simple moving average is $10.60. The company has a quick ratio of 0.45, a current ratio of 0.46 and a debt-to-equity ratio of 2.11. The stock has a market cap of $685.51 million, a P/E ratio of 9.21, a P/E/G ratio of 2.23 and a beta of 1.00.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Friday, November 8th were paid a dividend of $0.404 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 16.71%. The ex-dividend date of this dividend was Thursday, November 7th. Golar LNG Partners’s dividend payout ratio is currently 154.29%.

Several equities analysts have recently issued reports on GMLP shares. ValuEngine downgraded shares of Golar LNG Partners from a “buy” rating to a “hold” rating in a report on Friday, November 8th. B. Riley set a $14.00 price target on shares of Golar LNG Partners and gave the company a “hold” rating in a report on Friday, August 30th. BidaskClub downgraded shares of Golar LNG Partners from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 12th. Bank of America reduced their price target on shares of Golar LNG Partners from $11.50 to $10.00 and set an “underperform” rating for the company in a report on Thursday, August 22nd. Finally, Zacks Investment Research downgraded shares of Golar LNG Partners from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 3rd. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price 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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Earnings History for Golar LNG Partners (NASDAQ:GMLP)

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