Wall Street analysts expect Golar LNG Partners LP (NASDAQ:GMLP) to post sales of $90.33 million for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Golar LNG Partners’ earnings. The highest sales estimate is $101.44 million and the lowest is $83.00 million. Golar LNG Partners reported sales of $105.64 million in the same quarter last year, which would suggest a negative year over year growth rate of 14.5%. The company is scheduled to report its next earnings results on Monday, December 10th.

On average, analysts expect that Golar LNG Partners will report full-year sales of $337.10 million for the current year, with estimates ranging from $311.67 million to $355.70 million. For the next financial year, analysts anticipate that the firm will report sales of $334.13 million, with estimates ranging from $299.99 million to $390.08 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Golar LNG Partners.

Golar LNG Partners (NASDAQ:GMLP) last posted its quarterly earnings data on Monday, November 5th. The shipping company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.36. Golar LNG Partners had a net margin of 26.85% and a return on equity of 13.60%.

Several equities analysts have recently weighed in on the stock. BidaskClub upgraded shares of Golar LNG Partners from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Citigroup reduced their price objective on shares of Golar LNG Partners from $19.00 to $17.00 and set a “neutral” rating for the company in a research report on Tuesday, July 31st. Zacks Investment Research raised shares of Golar LNG Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, August 21st. BTIG Research initiated coverage on shares of Golar LNG Partners in a research note on Wednesday, July 18th. They set a “neutral” rating for the company. Finally, Bank of America raised shares of Golar LNG Partners from an “underperform” rating to a “neutral” rating in a research note on Wednesday, November 7th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $18.75.

A number of hedge funds have recently bought and sold shares of GMLP. FMR LLC lifted its stake in Golar LNG Partners by 52.8% during the second quarter. FMR LLC now owns 6,890,460 shares of the shipping company’s stock valued at $106,527,000 after buying an additional 2,379,700 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Golar LNG Partners during the third quarter valued at about $6,931,000. Global X Management Co LLC purchased a new stake in Golar LNG Partners during the second quarter valued at about $6,948,000. Huber Capital Management LLC lifted its stake in Golar LNG Partners by 11.5% during the second quarter. Huber Capital Management LLC now owns 1,923,569 shares of the shipping company’s stock valued at $29,738,000 after buying an additional 198,135 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Golar LNG Partners during the second quarter valued at about $2,794,000. 38.64% of the stock is owned by institutional investors.

NASDAQ:GMLP opened at $13.63 on Wednesday. Golar LNG Partners has a twelve month low of $12.71 and a twelve month high of $23.46. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.55 and a quick ratio of 0.54. The stock has a market cap of $1.03 billion, a PE ratio of 7.25, a price-to-earnings-growth ratio of 1.81 and a beta of 0.91.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 14th. Shareholders of record on Wednesday, November 7th will be paid a dividend of $0.404 per share. This represents a $1.62 dividend on an annualized basis and a yield of 11.86%. The ex-dividend date is Tuesday, November 6th. Golar LNG Partners’s dividend payout ratio is presently 86.17%.

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 April 6, 2018, it had a fleet of six FSRUs and four LNG carriers. Golar GP LLC serves as the general partner of Golar LNG Partners LP.

See Also: Return on Investment (ROI)

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

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