Brokerages Expect Golar LNG Partners LP (NASDAQ:GMLP) to Announce $0.34 Earnings Per Share

Wall Street analysts expect Golar LNG Partners LP (NASDAQ:GMLP) to report earnings per share of $0.34 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Golar LNG Partners’ earnings. The highest EPS estimate is $0.44 and the lowest is $0.28. Golar LNG Partners reported earnings of ($0.27) per share in the same quarter last year, which indicates a positive year over year growth rate of 225.9%. The business is scheduled to issue its next earnings results on Wednesday, February 26th.

On average, analysts expect that Golar LNG Partners will report full year earnings of $0.48 per share for the current year, with EPS estimates ranging from $0.26 to $0.69. For the next financial year, analysts anticipate that the business will report earnings of $1.33 per share, with EPS estimates ranging from $1.00 to $1.77. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Golar LNG Partners.

Golar LNG Partners (NASDAQ:GMLP) last issued its quarterly earnings results on Tuesday, November 26th. The shipping company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.18). Golar LNG Partners had a positive return on equity of 2.83% and a negative net margin of 10.41%. The company had revenue of $74.13 million during the quarter, compared to the consensus estimate of $76.47 million.

GMLP has been the subject of a number of recent research reports. B. Riley set a $14.00 price objective on shares of Golar LNG Partners and gave the company a “hold” rating in a research report on Friday, August 30th. Bank of America cut their target price on shares of Golar LNG Partners from $11.50 to $10.00 and set an “underperform” rating on the stock in a report on Thursday, August 22nd. Scotiabank set a $10.00 target price on Golar LNG Partners and gave the company a “hold” rating in a research note on Monday, September 30th. BidaskClub lowered shares of Golar LNG Partners from a “sell” rating to a “strong sell” rating in a research note on Tuesday, November 12th. 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 analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $11.75.

GMLP stock opened at $8.89 on Friday. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.42 and a quick ratio of 0.41. Golar LNG Partners has a 1-year low of $8.70 and a 1-year high of $14.28. The firm has a fifty day moving average price of $9.75 and a two-hundred day moving average price of $10.47. The firm has a market cap of $630.23 million, a price-to-earnings ratio of 8.47, a PEG ratio of 2.34 and a beta of 1.01.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Friday, November 8th were issued a $0.404 dividend. This represents a $1.62 annualized dividend and a dividend yield of 18.18%. The ex-dividend date was Thursday, November 7th. Golar LNG Partners’s payout ratio is 154.29%.

Several institutional investors have recently added to or reduced their stakes in GMLP. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Golar LNG Partners by 40.6% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,295 shares of the shipping company’s stock valued at $93,000 after acquiring an additional 2,395 shares in the last quarter. Moors & Cabot Inc. purchased a new position in Golar LNG Partners during the 3rd quarter worth approximately $111,000. Fiduciary Financial Services of The Southwest Inc. TX purchased a new position in Golar LNG Partners during the 3rd quarter worth approximately $128,000. Sunbelt Securities Inc. acquired a new stake in Golar LNG Partners during the 3rd quarter valued at $135,000. Finally, Janney Montgomery Scott LLC acquired a new stake in Golar LNG Partners during the 2nd quarter valued at $174,000. 32.61% of the stock is currently owned by institutional investors and hedge funds.

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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