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
Industry Water transportation
Sub-IndustryN/A
SectorOils/Energy
Phone1-441-295-4705
Debt
Current Ratio0.55
Quick Ratio0.54
Price-To-Earnings
Sales & Book Value
Annual Sales$433.10 million
Price / Sales2.14
Price / Cash Flow3.82
Price / Book1.29
Profitability
Net Income$129.28 million
Net Margins32.94%
Return on Assets5.04%
Miscellaneous
Employees523
OptionableOptionable
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 declared a quarterly dividend on Wednesday, October 24th. Stockholders of record on Wednesday, November 7th will be given a dividend of $0.404 per share on Wednesday, November 14th. This represents a $1.62 annualized dividend and a dividend yield of 12.40%. The ex-dividend date of this dividend is Tuesday, November 6th. View Golar LNG Partners' Dividend History.
How will Golar LNG Partners' stock buyback program work?
Golar LNG Partners announced that its board has approved a stock repurchase plan on Tuesday, March 6th 2018, which permits the company to repurchase $25,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often 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) issued its quarterly earnings data on Monday, November, 5th. The shipping company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.39. The shipping company earned $108.23 million during the quarter, compared to analyst estimates of $89.64 million. Golar LNG Partners had a return on equity of 16.95% and a net margin of 32.94%. View Golar LNG Partners' Earnings History.
When is Golar LNG Partners' next earnings date?
What price target have analysts set for GMLP?
10 analysts have issued 12-month price objectives for Golar LNG Partners' stock. Their forecasts range from $13.00 to $24.00. On average, they expect Golar LNG Partners' share price to reach $17.7143 in the next twelve months. This suggests a possible upside of 36.0% from the stock's current price. View Analyst Price Targets for Golar LNG Partners.
What is the consensus analysts' recommendation for Golar LNG Partners?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Golar LNG Partners in the last year. There are currently 8 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Golar LNG Partners.
Has Golar LNG Partners been receiving favorable news coverage?
News articles about GMLP stock have trended somewhat positive this week, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Golar LNG Partners earned a coverage optimism score of 1.8 on InfoTrie's scale. They also assigned news articles about the shipping company a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.
Who are some of Golar LNG Partners' key competitors?
Some companies that are related to Golar LNG Partners include Golar LNG (GLNG), GasLog (GLOG), Matson (MATX), Teekay Lng Partners (TGP), Golden Ocean Group (GOGL), GasLog Partners LP Unit (GLOP), KNOT Offshore Partners (KNOP), Tidewater (TDW), Teekay Offshore Partners (TOO), Hoegh LNG Partners (HMLP), International Seaways (INSW), Nordic American Tanker (NAT), Teekay Tankers (TNK), Dynagas LNG Partners (DLNG) and Hornbeck Offshore Services (HOS).
Who are Golar LNG Partners' key executives?
Golar LNG Partners' management team includes the folowing people:
- Mr. Brian Tienzo, Chief Exec. Officer & Chief Financial Officer (Age 45)
- Mr. Ãistein Dahl, Chief Operating Officer (Age 58)
- Mr. Michael Ashford, Company Sec. & Director (Age 72)
Who are Golar LNG Partners' major shareholders?
Golar LNG Partners' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Spirit of America Management Corp NY (0.17%) and Sippican Capital Advisors (0.02%).
Which major investors are selling Golar LNG Partners stock?
GMLP stock was sold by a variety of institutional investors in the last quarter, including Spirit of America Management Corp NY and Sippican Capital Advisors.
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 $13.03.
How big of a company is Golar LNG Partners?
Golar LNG Partners has a market capitalization of $921.74 million 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 523 workers across the globe.
What is Golar LNG Partners' official website?
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.
