Golar LNG Partners LP (GMLP) Expected to Post Quarterly Sales of $80.15 Million

Equities research analysts forecast that Golar LNG Partners LP (NASDAQ:GMLP) will report sales of $80.15 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Golar LNG Partners’ earnings, with estimates ranging from $72.54 million to $85.14 million. Golar LNG Partners posted sales of $84.20 million during the same quarter last year, which suggests a negative year over year growth rate of 4.8%. The company is scheduled to report its next quarterly earnings report on Thursday, August 22nd.

On average, analysts expect that Golar LNG Partners will report full-year sales of $311.42 million for the current year, with estimates ranging from $290.95 million to $330.34 million. For the next fiscal year, analysts anticipate that the company will post sales of $312.95 million, with estimates ranging from $303.70 million to $318.86 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Golar LNG Partners.

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

A number of research firms have commented on GMLP. BidaskClub lowered Golar LNG Partners from a “sell” rating to a “strong sell” rating in a research report on Thursday, May 30th. Zacks Investment Research raised Golar LNG Partners from a “sell” rating to a “hold” rating in a research report on Friday, May 24th. ValuEngine raised Golar LNG Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. Bank of America lowered Golar LNG Partners from a “neutral” rating to an “underperform” rating and set a $12.00 price target for the company. in a research report on Friday, March 1st. Finally, B. Riley set a $17.00 price target on Golar LNG Partners and gave the company a “hold” rating in a research report on Thursday, February 28th. Two research analysts have rated the stock with a sell rating, eight 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 target price of $13.67.

Several large investors have recently made changes to their positions in GMLP. Lavaca Capital LLC bought a new position in shares of Golar LNG Partners in the 1st quarter worth approximately $39,000. SeaBridge Investment Advisors LLC raised its position in shares of Golar LNG Partners by 100.0% in the 4th quarter. SeaBridge Investment Advisors LLC now owns 4,000 shares of the shipping company’s stock worth $43,000 after acquiring an additional 2,000 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Golar LNG Partners by 12.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 11,440 shares of the shipping company’s stock worth $123,000 after acquiring an additional 1,240 shares in the last quarter. Deutsche Bank AG raised its position in shares of Golar LNG Partners by 1,099.7% in the 4th quarter. Deutsche Bank AG now owns 11,997 shares of the shipping company’s stock worth $128,000 after acquiring an additional 10,997 shares in the last quarter. Finally, Regent Investment Management LLC bought a new position in shares of Golar LNG Partners in the 1st quarter worth approximately $142,000. 32.70% of the stock is owned by hedge funds and other institutional investors.

GMLP opened at $11.36 on Friday. The company has a market cap of $794.68 million, a price-to-earnings ratio of 10.82, a price-to-earnings-growth ratio of 1.44 and a beta of 1.12. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.10 and a quick ratio of 1.08. Golar LNG Partners has a one year low of $10.23 and a one year high of $16.99.

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 14th. Stockholders of record on Tuesday, May 7th were given a $0.4042 dividend. This represents a $1.62 annualized dividend and a dividend yield of 14.23%. The ex-dividend date of this dividend was Monday, May 6th. Golar LNG Partners’s dividend payout ratio is currently 154.29%.

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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