Brokerages predict that Golar LNG Partners LP (NASDAQ:GMLP) will announce sales of $89.36 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Golar LNG Partners’ earnings, with the lowest sales estimate coming in at $85.83 million and the highest estimate coming in at $92.20 million. Golar LNG Partners reported sales of $114.94 million during the same quarter last year, which indicates a negative year-over-year growth rate of 22.3%. The company is expected to announce its next quarterly earnings report on Tuesday, February 27th.
On average, analysts expect that Golar LNG Partners will report full-year sales of $89.36 million for the current fiscal year, with estimates ranging from $422.70 million to $443.70 million. For the next fiscal year, analysts anticipate that the business will report sales of $415.23 million per share, with estimates ranging from $330.55 million to $475.90 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Golar LNG Partners.
Golar LNG Partners (NASDAQ:GMLP) last announced its quarterly earnings results on Monday, December 11th. The shipping company reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.03). Golar LNG Partners had a net margin of 38.29% and a return on equity of 25.88%.
A number of research analysts have issued reports on the company. Zacks Investment Research downgraded Golar LNG Partners from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. ValuEngine downgraded Golar LNG Partners from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Jefferies Group reissued a “buy” rating and issued a $26.00 price target on shares of Golar LNG Partners in a report on Tuesday, September 26th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Golar LNG Partners in a research note on Friday, September 22nd. Finally, ABN Amro started coverage on Golar LNG Partners in a research note on Monday, October 30th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $23.75.
Shares of Golar LNG Partners (GMLP) traded down $0.50 during trading hours on Friday, reaching $22.41. The company’s stock had a trading volume of 256,700 shares, compared to its average volume of 233,567. Golar LNG Partners has a one year low of $18.77 and a one year high of $25.82. The firm has a market capitalization of $1,570.00, a P/E ratio of 9.87, a PEG ratio of 2.01 and a beta of 0.87. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.01 and a quick ratio of 1.00.
Hedge funds have recently made changes to their positions in the company. BNP Paribas Arbitrage SA acquired a new position in shares of Golar LNG Partners during the 3rd quarter worth approximately $108,000. Alliancebernstein L.P. raised its stake in shares of Golar LNG Partners by 5.9% during the 2nd quarter. Alliancebernstein L.P. now owns 10,223 shares of the shipping company’s stock worth $205,000 after buying an additional 572 shares during the period. Jane Street Group LLC acquired a new position in shares of Golar LNG Partners during the 3rd quarter worth approximately $344,000. Raymond James Financial Services Advisors Inc. raised its stake in shares of Golar LNG Partners by 2.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 16,741 shares of the shipping company’s stock worth $336,000 after buying an additional 361 shares during the period. Finally, Alps Advisors Inc. acquired a new position in shares of Golar LNG Partners during the 3rd quarter worth approximately $500,000. 46.85% of the stock is owned by institutional investors and hedge funds.
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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.
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