Wall Street brokerages expect Golar LNG Partners LP (NASDAQ:GMLP) to announce $76.14 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for Golar LNG Partners’ earnings, with the lowest sales estimate coming in at $71.58 million and the highest estimate coming in at $80.20 million. Golar LNG Partners reported sales of $84.20 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 9.6%. The firm is expected to issue its next earnings report on Thursday, August 22nd.

On average, analysts expect that Golar LNG Partners will report full-year sales of $316.63 million for the current financial year, with estimates ranging from $285.07 million to $335.46 million. For the next financial year, analysts forecast that the company will post sales of $325.36 million, with estimates ranging from $311.95 million to $333.50 million. Zacks’ sales averages are an average based on a survey of research firms that cover Golar LNG Partners.

Golar LNG Partners (NASDAQ:GMLP) last issued its quarterly earnings data on Tuesday, May 21st. The shipping company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.02). The business had revenue of $68.05 million for the quarter, compared to analysts’ expectations of $70.94 million. Golar LNG Partners had a return on equity of 11.02% and a net margin of 21.11%.

A number of equities analysts have weighed in on the stock. ValuEngine lowered shares of Golar LNG Partners from a “hold” rating to a “sell” rating in a report on Monday, February 4th. B. Riley set a $17.00 price target on shares of Golar LNG Partners and gave the company a “hold” rating in a report on Thursday, February 28th. Bank of America lowered shares of Golar LNG Partners from a “neutral” rating to an “underperform” rating and set a $12.00 price target on the stock. in a report on Friday, March 1st. BidaskClub upgraded shares of Golar LNG Partners from a “sell” rating to a “hold” rating in a report on Saturday, April 13th. Finally, Zacks Investment Research lowered shares of Golar LNG Partners from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 24th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Golar LNG Partners has an average rating of “Hold” and a consensus price target of $14.71.

Shares of GMLP traded up $0.09 during mid-day trading on Friday, reaching $11.71. The company had a trading volume of 7,780 shares, compared to its average volume of 286,461. The firm has a market cap of $821.93 million, a PE ratio of 11.30, a price-to-earnings-growth ratio of 1.69 and a beta of 1.14. Golar LNG Partners has a fifty-two week low of $10.23 and a fifty-two week high of $20.97. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 2.10.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th were issued a dividend of $0.4042 per share. The ex-dividend date of this dividend was Monday, May 6th. This represents a $1.62 annualized dividend and a dividend yield of 13.81%. Golar LNG Partners’s payout ratio is 154.29%.

Several large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its stake in shares of Golar LNG Partners by 31.6% during the third quarter. Renaissance Technologies LLC now owns 200,200 shares of the shipping company’s stock valued at $2,869,000 after buying an additional 48,100 shares during the period. Morgan Stanley boosted its stake in shares of Golar LNG Partners by 8.0% in the third quarter. Morgan Stanley now owns 557,299 shares of the shipping company’s stock worth $7,986,000 after acquiring an additional 41,376 shares during the period. Old Port Advisors bought a new position in shares of Golar LNG Partners in the fourth quarter worth about $294,000. Wedbush Securities Inc. boosted its stake in shares of Golar LNG Partners by 14.0% in the fourth quarter. Wedbush Securities Inc. now owns 23,440 shares of the shipping company’s stock worth $253,000 after acquiring an additional 2,885 shares during the period. Finally, Arrow Investment Advisors LLC boosted its stake in shares of Golar LNG Partners by 15.1% in the fourth quarter. Arrow Investment Advisors LLC now owns 35,883 shares of the shipping company’s stock worth $388,000 after acquiring an additional 4,711 shares during the period. Institutional investors and hedge funds own 33.18% of the company’s stock.

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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