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%.
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.
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