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. The company was founded in 2007 and is headquartered in Hamilton, Bermuda. Golar LNG Partners LP is a subsidiary of Golar LNG Limited.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Water transportation
Sub-IndustryN/A
SectorOils/Energy
SymbolNASDAQ:GMLP
CUSIPN/A
Phone1-441-295-4705
Debt
Debt-to-Equity Ratio1.64
Current Ratio0.60
Quick Ratio0.59
Price-To-Earnings
Trailing P/E Ratio8.07
Forward P/E Ratio12.44
P/E Growth1.57
Sales & Book Value
Annual Sales$433.10 million
Price / Sales2.45
Cash Flow$3.3733 per share
Price / Cash4.50
Book Value$10.11 per share
Price / Book1.50
Profitability
EPS (Most Recent Fiscal Year)$1.88
Net Income$129.28 million
Net Margins29.68%
Return on Equity16.74%
Return on Assets5.00%
Miscellaneous
Employees473
Outstanding Shares69,770,000
Market Cap$1.06 billion
Golar LNG Partners (NASDAQ:GMLP) Frequently Asked Questions
What is Golar LNG Partners' stock symbol?
Golar LNG Partners trades on the NASDAQ under the ticker symbol "GMLP."
How often does Golar LNG Partners pay dividends? What is the dividend yield for Golar LNG Partners?
Golar LNG Partners announced a quarterly dividend on Monday, July 23rd. Investors of record on Tuesday, August 7th will be given a dividend of $0.577 per share on Tuesday, August 14th. This represents a $2.31 annualized dividend and a yield of 15.20%. The ex-dividend date is Monday, August 6th. View Golar LNG Partners' Dividend History.
How will Golar LNG Partners' stock buyback program work?
Golar LNG Partners declared that its board has approved a stock repurchase program on Tuesday, March 6th 2018, which authorizes the company to repurchase $25,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.
How were Golar LNG Partners' earnings last quarter?
Golar LNG Partners LP (NASDAQ:GMLP) posted its earnings results on Thursday, May, 31st. The shipping company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.12. The shipping company had revenue of $74.21 million for the quarter, compared to analyst estimates of $77.64 million. Golar LNG Partners had a return on equity of 16.74% and a net margin of 29.68%. View Golar LNG Partners' Earnings History.
When is Golar LNG Partners' next earnings date?
What price target have analysts set for GMLP?
8 brokerages have issued 1 year target prices for Golar LNG Partners' shares. Their predictions range from $17.00 to $26.00. On average, they anticipate Golar LNG Partners' stock price to reach $21.00 in the next year. This suggests a possible upside of 38.3% from the stock's current price. View Analyst Price Targets for Golar LNG Partners.
What is the consensus analysts' recommendation for Golar LNG Partners?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Golar LNG Partners in the last year. There are currently 1 sell rating, 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Golar LNG Partners.
Who are some of Golar LNG Partners' key competitors?
Some companies that are related to Golar LNG Partners include Golar LNG (GLNG), Matson (MATX), GasLog (GLOG), Teekay Lng Partners, L.P. Common Stock (TGP), Golden Ocean Group (GOGL), Teekay Offshore Partners (TOO), GasLog Partners LP Unit (GLOP), Kenon (KEN), Tidewater (TDW), KNOT Offshore Partners (KNOP), International Seaways (INSW), Hoegh LNG Partners (HMLP), Nordic American Tanker (NAT), Dynagas LNG Partners (DLNG) and Teekay Tankers (TNK).
Who are Golar LNG Partners' key executives?
Golar LNG Partners' management team includes the folowing people:
- Mr. Brian Tienzo, Principal Exec. Officer, Principal Financial Officer & Principal Accounting Officer (Age 44)
- Mr. Øistein Dahl, Chief Operating Officer (Age 57)
- Mr. Michael Ashford, Company Sec. & Director (Age 71)
Has Golar LNG Partners been receiving favorable news coverage?
Headlines about GMLP stock have trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Golar LNG Partners earned a media and rumor sentiment score of 0.23 on Accern's scale. They also gave press coverage about the shipping company an impact score of 48.16 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future. View Recent Headlines for Golar LNG Partners.
Who are Golar LNG Partners' major shareholders?
Golar LNG Partners' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include FMR LLC (9.88%), Huber Capital Management LLC (2.76%), Kayne Anderson Capital Advisors LP (1.88%), Cannell Peter B & Co. Inc. (0.93%), Bank of America Corp DE (0.66%) and Global X Management Co LLC (0.64%).
Which institutional investors are selling Golar LNG Partners stock?
GMLP stock was sold by a variety of institutional investors in the last quarter, including Kayne Anderson Capital Advisors LP, Eagle Global Advisors LLC, Spirit of America Management Corp NY, Renaissance Technologies LLC, Cannell Peter B & Co. Inc., Bank of America Corp DE, State of New Jersey Common Pension Fund D and Hussman Strategic Advisors Inc..
Which institutional investors are buying Golar LNG Partners stock?
GMLP stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Global X Management Co LLC, Huber Capital Management LLC, SG Americas Securities LLC, Duff & Phelps Investment Management Co., First Trust Advisors LP, Ardsley Advisory Partners and California Public Employees Retirement System.
How do I buy shares of Golar LNG Partners?
Shares of GMLP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Golar LNG Partners' stock price today?
One share of GMLP stock can currently be purchased for approximately $15.18.
How big of a company is Golar LNG Partners?
Golar LNG Partners has a market capitalization of $1.06 billion and generates $433.10 million in revenue each year. The shipping company earns $129.28 million in net income (profit) each year or $1.88 on an earnings per share basis. Golar LNG Partners employs 473 workers across the globe.
How can I contact Golar LNG Partners?
Golar LNG Partners' mailing address is 2ND FLOOR S.E. PEARMAN BUILDING 9 PAR-LA-VILLE ROAD, HAMILTON D0, HM 11. The shipping company can be reached via phone at 1-441-295-4705 or via email at [email protected]
MarketBeat Community Rating for Golar LNG Partners (NASDAQ GMLP)
MarketBeat's community ratings are surveys of what our community members think about Golar LNG Partners and other stocks. Vote "Outperform" if you believe GMLP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GMLP will underperform the S&P 500 over the long term. You may vote once every thirty days.
