Golar LNG Partners LP (GMLP) Issues Earnings Results, Beats Estimates By $0.12 EPS
Golar LNG Partners LP (NASDAQ:GMLP) announced its quarterly earnings results on Wednesday. The shipping company reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.12, reports. Golar LNG Partners had a return on equity of 28.97% and a net margin of 40.50%.
Shares of Golar LNG Partners (NASDAQ:GMLP) opened at 21.20 on Thursday. The stock has a market cap of $1.50 billion, a PE ratio of 7.63 and a beta of 0.93. Golar LNG Partners has a 52 week low of $18.13 and a 52 week high of $25.82. The firm has a 50-day moving average price of $20.92 and a 200-day moving average price of $21.47.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Friday, August 4th were paid a $0.5775 dividend. This represents a $2.31 dividend on an annualized basis and a yield of 10.90%. The ex-dividend date was Wednesday, August 2nd. Golar LNG Partners’s dividend payout ratio is currently 82.21%.
A number of equities analysts recently issued reports on GMLP shares. Zacks Investment Research downgraded Golar LNG Partners from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Stifel Nicolaus set a $23.00 price target on Golar LNG Partners and gave the company a “hold” rating in a report on Thursday, August 17th. BidaskClub raised Golar LNG Partners from a “hold” rating to a “buy” rating in a report on Monday, July 31st. ValuEngine downgraded Golar LNG Partners from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 3rd. Finally, Seaport Global Securities reiterated a “neutral” rating and issued a $22.00 price objective on shares of Golar LNG Partners in a research note on Tuesday, May 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Golar LNG Partners presently has a consensus rating of “Hold” and an average price target of $23.25.
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 time charters. The Company operates through the LNG market segment. The Company’s fleet consists of approximately six FSRUs and over four LNG carriers. The Company’s FSRU vessels include Golar Spirit, Golar Winter, Golar Freeze, NR Satu, Golar Igloo and Golar Eskimo.
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