Golar LNG Partners (NASDAQ:GMLP) Issues Quarterly Earnings Results, Misses Expectations By $0.18 EPS

Golar LNG Partners (NASDAQ:GMLP) issued its quarterly earnings data on Tuesday. The shipping company reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.18), Yahoo Finance reports. The business had revenue of $74.13 million for 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%.

GMLP opened at $9.67 on Wednesday. The business’s 50-day moving average price is $9.89 and its two-hundred day moving average price is $10.60. Golar LNG Partners has a 1 year low of $8.94 and a 1 year high of $14.28. The company has a market capitalization of $645.82 million, a price-to-earnings ratio of 9.21, a P/E/G ratio of 2.23 and a beta of 1.00. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.46 and a quick ratio of 0.45.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Friday, November 8th were paid a $0.404 dividend. This represents a $1.62 annualized dividend and a dividend yield of 16.71%. The ex-dividend date was Thursday, November 7th. Golar LNG Partners’s dividend payout ratio is 154.29%.

GMLP has been the topic of several research analyst reports. BidaskClub downgraded Golar LNG Partners from a “sell” rating to a “strong sell” rating in a research note on Tuesday, November 12th. B. Riley set a $14.00 price objective on Golar LNG Partners and gave the stock a “hold” rating in a research note on Friday, August 30th. Scotiabank set a $10.00 price objective on Golar LNG Partners and gave the stock a “hold” rating in a research note on Monday, September 30th. ValuEngine downgraded Golar LNG Partners from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Zacks Investment Research downgraded Golar LNG Partners from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 3rd. Three 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’s stock. The company presently has an average rating of “Hold” and a consensus target price of $11.75.

About Golar LNG Partners

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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