Golar LNG Partners (NASDAQ:GMLP) issued its earnings results on Wednesday. The shipping company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.10, Morningstar.com reports. Golar LNG Partners had a return on equity of 25.88% and a net margin of 38.29%.
Shares of Golar LNG Partners (NASDAQ GMLP) traded down $1.56 during mid-day trading on Wednesday, hitting $18.49. The stock had a trading volume of 931,808 shares, compared to its average volume of 295,983. The firm has a market capitalization of $1,419.59, a PE ratio of 7.06, a price-to-earnings-growth ratio of 1.71 and a beta of 0.82. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 1.95. Golar LNG Partners has a 12 month low of $18.49 and a 12 month high of $23.49.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Wednesday, February 7th were paid a $0.5775 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $2.31 annualized dividend and a dividend yield of 12.49%. Golar LNG Partners’s payout ratio is 88.17%.
A number of equities analysts have issued reports on GMLP shares. Zacks Investment Research cut Golar LNG Partners from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Jefferies Group started coverage on Golar LNG Partners in a report on Monday, December 18th. They issued a “buy” rating and a $26.00 target price for the company. BidaskClub cut Golar LNG Partners from a “hold” rating to a “sell” rating in a report on Saturday, January 20th. ValuEngine cut Golar LNG Partners from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Stifel Nicolaus raised Golar LNG Partners from a “hold” rating to a “buy” rating and increased their price target for the company from $23.00 to $25.00 in a research note on Monday, December 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Golar LNG Partners has an average rating of “Hold” and an average target price of $23.50.
TRADEMARK VIOLATION NOTICE: This report was originally published by Ticker Report and is the sole property of of Ticker Report. If you are accessing this report on another publication, it was stolen and republished in violation of United States & international copyright & trademark laws. The original version of this report can be viewed at https://www.tickerreport.com/banking-finance/3229005/golar-lng-partners-gmlp-announces-earnings-results.html.
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 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.
Receive News & Ratings for Golar LNG Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golar LNG Partners and related companies with MarketBeat.com's FREE daily email newsletter.