Golar LNG Partners LP (NASDAQ:GMLP) – Equities research analysts at Jefferies Financial Group lifted their Q2 2019 earnings per share estimates for shares of Golar LNG Partners in a note issued to investors on Tuesday, May 21st. Jefferies Financial Group analyst R. Giveans now expects that the shipping company will post earnings of $0.32 per share for the quarter, up from their previous estimate of $0.19. Jefferies Financial Group also issued estimates for Golar LNG Partners’ Q3 2019 earnings at $0.34 EPS, Q4 2019 earnings at $0.40 EPS, FY2019 earnings at $1.28 EPS and FY2020 earnings at $1.58 EPS.
Golar LNG Partners (NASDAQ:GMLP) last released its earnings results on Tuesday, May 21st. The shipping company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). Golar LNG Partners had a return on equity of 10.38% and a net margin of 12.69%. The company had revenue of $68.05 million during the quarter, compared to analysts’ expectations of $70.94 million.
GMLP stock opened at $11.57 on Friday. Golar LNG Partners has a 12-month low of $10.23 and a 12-month high of $20.62. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.21 and a quick ratio of 1.19. The company has a market capitalization of $830.83 million, a price-to-earnings ratio of 11.02, a P/E/G ratio of 1.54 and a beta of 1.14.
Several institutional investors and hedge funds have recently made changes to their positions in GMLP. Lavaca Capital LLC acquired a new position in shares of Golar LNG Partners during the 1st quarter worth $39,000. SeaBridge Investment Advisors LLC grew its stake in Golar LNG Partners by 100.0% in the 4th quarter. SeaBridge Investment Advisors LLC now owns 4,000 shares of the shipping company’s stock valued at $43,000 after buying an additional 2,000 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Golar LNG Partners by 12.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 11,440 shares of the shipping company’s stock valued at $123,000 after buying an additional 1,240 shares during the last quarter. Deutsche Bank AG grew its stake in Golar LNG Partners by 1,099.7% in the 4th quarter. Deutsche Bank AG now owns 11,997 shares of the shipping company’s stock valued at $128,000 after buying an additional 10,997 shares during the last quarter. Finally, Regent Investment Management LLC acquired a new position in Golar LNG Partners in the 1st quarter valued at $142,000. Institutional investors own 33.39% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 14th. Stockholders of record on Tuesday, May 7th were paid a dividend of $0.4042 per share. The ex-dividend date was Monday, May 6th. This represents a $1.62 annualized dividend and a dividend yield of 13.97%. Golar LNG Partners’s dividend payout ratio (DPR) is 154.29%.
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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