Zacks: Analysts Expect Golar LNG Partners LP (GMLP) to Post $0.31 Earnings Per Share

Share on StockTwits

Wall Street analysts forecast that Golar LNG Partners LP (NASDAQ:GMLP) will announce earnings per share of $0.31 for the current quarter, Zacks reports. Four analysts have made estimates for Golar LNG Partners’ earnings, with the highest EPS estimate coming in at $0.33 and the lowest estimate coming in at $0.27. Golar LNG Partners reported earnings of $0.37 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 16.2%. The firm is scheduled to issue its next earnings results on Monday, December 10th.

On average, analysts expect that Golar LNG Partners will report full-year earnings of $1.02 per share for the current financial year, with EPS estimates ranging from $0.82 to $1.30. For the next fiscal year, analysts forecast that the firm will report earnings of $1.16 per share, with EPS estimates ranging from $0.74 to $1.60. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Golar LNG Partners.

Golar LNG Partners (NASDAQ:GMLP) last released its earnings results on Thursday, August 23rd. The shipping company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.14. The business had revenue of $84.20 million during the quarter, compared to the consensus estimate of $81.17 million. Golar LNG Partners had a net margin of 26.85% and a return on equity of 13.60%.

A number of research analysts recently weighed in on GMLP shares. B. Riley decreased their target price on shares of Golar LNG Partners from $23.00 to $17.00 and set a “hold” rating for the company in a research report on Friday, June 8th. Berenberg Bank started coverage on shares of Golar LNG Partners in a research report on Thursday, September 6th. They issued a “hold” rating and a $13.00 target price for the company. ValuEngine raised shares of Golar LNG Partners from a “sell” rating to a “hold” rating in a research report on Monday, July 2nd. Zacks Investment Research raised shares of Golar LNG Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, August 21st. Finally, BidaskClub raised shares of Golar LNG Partners from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $19.43.

Several institutional investors and hedge funds have recently made changes to their positions in GMLP. FMR LLC grew its position in shares of Golar LNG Partners by 52.8% in the 2nd quarter. FMR LLC now owns 6,890,460 shares of the shipping company’s stock valued at $106,527,000 after acquiring an additional 2,379,700 shares during the period. Global X Management Co LLC bought a new position in shares of Golar LNG Partners in the 2nd quarter valued at about $6,948,000. Huber Capital Management LLC grew its position in shares of Golar LNG Partners by 11.5% in the 2nd quarter. Huber Capital Management LLC now owns 1,923,569 shares of the shipping company’s stock valued at $29,738,000 after acquiring an additional 198,135 shares during the period. SG Americas Securities LLC bought a new position in shares of Golar LNG Partners in the 2nd quarter valued at about $2,794,000. Finally, JPMorgan Chase & Co. grew its position in shares of Golar LNG Partners by 21.0% in the 1st quarter. JPMorgan Chase & Co. now owns 965,708 shares of the shipping company’s stock valued at $16,523,000 after acquiring an additional 167,615 shares during the period. 39.99% of the stock is owned by institutional investors.

Golar LNG Partners stock traded up $0.11 during mid-day trading on Monday, reaching $14.61. The company’s stock had a trading volume of 106,092 shares, compared to its average volume of 380,871. The company has a market cap of $1.02 billion, a P/E ratio of 7.77, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. Golar LNG Partners has a 12 month low of $12.71 and a 12 month high of $23.46. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.65.

Golar LNG Partners Company Profile

Golar LNG Partners LP engages in the logistics solutions. Its activities include owning, trading, and operation of floating storage and regasification units (FSRU) and liquefied natural gas ( LNG) marine transportation. The company was founded on September 24, 2007 and is headquartered in Hamilton, Bermuda.

Featured Article: Insider Trading – What You Need to Know

Get a free copy of the Zacks research report on Golar LNG Partners (GMLP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Golar LNG Partners (NASDAQ:GMLP)

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.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.