NASDAQ:GMLPGolar LNG Partners Stock Price, Forecast & News

$2.83

+0.12 (+4.43 %)

(As of 06/5/2020 04:00 PM ET)

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Today's Range

$2.68

Now: $2.83▼

$2.85

50-Day Range

$2.08

MA: $2.49▼

$3.05

52-Week Range

$1.30

Now: $2.83▼

$12.11

Volume262,600 shs

Average Volume605,633 shs

Market Capitalization$196.12 million

P/E RatioN/A

Dividend Yield2.83%

Beta0.94

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. The company was founded in 2007 and is headquartered in Hamilton, Bermuda. Golar LNG Partners LP is a subsidiary of Golar LNG Limited.

Beat the Market (BTM) Rank^™

3.1 Analyst's Opinion

Consensus Rating
Golar LNG Partners has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 2 buy ratings, 3 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $7.00, Golar LNG Partners has a potential upside of 147.3% from its current price of $2.83.
Amount of Analyst Coverage
Golar LNG Partners has only been the subject of 2 research reports in the past 90 days.

2.1 Community Rank

Outperform Votes
Golar LNG Partners has received 314 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Golar LNG Partners has received 447 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Golar LNG Partners has received 58.74% “underperform” votes from our community.

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.

3.3 Dividend Strength

Dividend Leadership
Golar LNG Partners is a leading dividend payer. It pays a dividend yield of 2.83%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Golar LNG Partners does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Golar LNG Partners is 9.88 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Golar LNG Partners will have a dividend payout ratio of 10.00 % next year. This indicates that Golar LNG Partners will be able to sustain or increase its dividend.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Golar LNG Partners insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 29.13% of the stock of Golar LNG Partners is held by institutions.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Golar LNG Partners are expected to grow by 12.68% in the coming year, from $0.71 to $0.80 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Golar LNG Partners is -56.60, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Golar LNG Partners is -56.60, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Golar LNG Partners has a PEG Ratio of 0.47. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Golar LNG Partners has a P/B Ratio of 0.38. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.20 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Water transportation

Sub-IndustryN/A

SectorOils/Energy

Current SymbolNASDAQ:GMLP

Previous Symbol

CUSIPN/A

CIK1415916

Webwww.golarlngpartners.com

Phone441-295-4705

Debt

Debt-to-Equity Ratio2.05

Current Ratio0.49

Quick Ratio0.47

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio3.99

P/E Growth0.47

Sales & Book Value

Annual Sales$299.65 million

Price / Sales0.65

Cash Flow$2.14 per share

Price / Cash Flow1.32

Book Value$7.50 per share

Price / Book0.38

Profitability

EPS (Most Recent Fiscal Year)$0.81

Net Income$17.81 million

Net Margins-0.11%

Return on Equity11.21%

Return on Assets2.88%

Miscellaneous

Employees1

Outstanding Shares69,302,000

Market Cap$196.12 million

Next Earnings Date9/2/2020 (Estimated)

OptionableOptionable

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Golar LNG Partners (NASDAQ:GMLP) Frequently Asked Questions

How has Golar LNG Partners' stock been impacted by COVID-19 (Coronavirus)?

Golar LNG Partners' stock was trading at $3.36 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, GMLP stock has decreased by 15.8% and is now trading at $2.83. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Golar LNG Partners?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Golar LNG Partners in the last year. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Golar LNG Partners.

When is Golar LNG Partners' next earnings date?

Golar LNG Partners is scheduled to release its next quarterly earnings announcement on Wednesday, September 2nd 2020. View our earnings forecast for Golar LNG Partners.

How were Golar LNG Partners' earnings last quarter?

Golar LNG Partners LP (NASDAQ:GMLP) announced its quarterly earnings results on Thursday, May, 28th. The shipping company reported ($0.48) EPS for the quarter, missing the Zacks' consensus estimate of $0.19 by $0.67. The shipping company had revenue of $67.63 million for the quarter, compared to analyst estimates of $70.45 million. Golar LNG Partners had a positive return on equity of 11.21% and a negative net margin of 0.11%. View Golar LNG Partners' earnings history.

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, April 27th. Shareholders of record on Thursday, May 7th will be paid a dividend of $0.02 per share on Thursday, May 14th. This represents a $0.08 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Wednesday, May 6th. View Golar LNG Partners' dividend history.

What price target have analysts set for GMLP?

6 equities research analysts have issued 12-month price targets for Golar LNG Partners' stock. Their forecasts range from $4.00 to $10.00. On average, they expect Golar LNG Partners' share price to reach $7.00 in the next year. This suggests a possible upside of 147.3% from the stock's current price. View analysts' price targets for Golar LNG Partners.

Has Golar LNG Partners been receiving favorable news coverage?

Media coverage about GMLP stock has trended very negative this week, according to InfoTrie. The research group rates the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Golar LNG Partners earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave media headlines about the shipping company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the next few days. View the latest news aboutGolar LNG Partners.

Are investors shorting Golar LNG Partners?

Golar LNG Partners saw a drop in short interest during the month of April. As of April 30th, there was short interest totaling 1,140,000 shares, a drop of 36.0% from the April 15th total of 1,780,000 shares. Based on an average daily trading volume, of 790,900 shares, the short-interest ratio is presently 1.4 days. Currently, 2.3% of the company's stock are sold short. View Golar LNG Partners' Current Options Chain.

Who are some of Golar LNG Partners' key competitors?

Some companies that are related to Golar LNG Partners include Nordic American Tanker (NAT), International Seaways (INSW), Golden Ocean Group (GOGL), Teekay Tankers (TNK), KNOT Offshore Partners (KNOP), Hoegh LNG Partners (HMLP), GasLog (GLOG), GasLog Partners LP Unit (GLOP), Tidewater (TDW), Dynagas LNG Partners (DLNG), Odyssey Marine Exploration (OMEX), Hornbeck Offshore Services (HOS), EuroDry (EDRY) and Caspian Services (CSSV). View all competitors.

What other stocks do shareholders of Golar LNG Partners own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Golar LNG Partners investors own include New Residential Investment (NRZ), Energy Transfer LP Unit (ET), NGL Energy Partners (NGL), Washington Prime Group (WPG), AT&T (T), CBL & Associates Properties (CBL), GasLog Partners LP Unit (GLOP), Amplify Energy (AMPY), Amplify Energy (AMPY) and Summit Midstream Partners (SMLP).

Who are Golar LNG Partners' key executives?

Golar LNG Partners' management team includes the following people:

Mr. Brian Tienzo, CEO & CFO (Age 45)
Mr. Ãistein Dahl, Chief Operating Officer (Age 58)
Mr. Stuart Buchanan, Head of Investor Relations
Mr. Michael Ashford, Company Sec. & Director (Age 72)

What is Golar LNG Partners' stock symbol?

Golar LNG Partners trades on the NASDAQ under the ticker symbol "GMLP."

Who are Golar LNG Partners' major shareholders?

Golar LNG Partners' stock is owned by a variety of institutional and retail investors. Top institutional investors include Invesco Ltd. (9.04%), Morgan Stanley (0.63%), UBS Group AG (0.26%), GSA Capital Partners LLP (0.19%), Cannell Peter B & Co. Inc. (0.17%) and Russell Investments Group Ltd. (0.09%).

Which institutional investors are selling Golar LNG Partners stock?

GMLP stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., Cannell Peter B & Co. Inc., and Russell Investments Group Ltd..

Which institutional investors are buying Golar LNG Partners stock?

GMLP stock was bought by a variety of institutional investors in the last quarter, including Morgan Stanley, GSA Capital Partners LLP, UBS Group AG, Searle & CO., Advisor Group Holdings Inc., and Liberty One Investment Management LLC.

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, Robinhood, Fidelity, and Charles Schwab.

What is Golar LNG Partners' stock price today?

One share of GMLP stock can currently be purchased for approximately $2.83.

How big of a company is Golar LNG Partners?

Golar LNG Partners has a market capitalization of $196.12 million and generates $299.65 million in revenue each year. The shipping company earns $17.81 million in net income (profit) each year or $0.81 on an earnings per share basis. Golar LNG Partners employs 1 workers across the globe.

What is Golar LNG Partners' official website?

The official website for Golar LNG Partners is www.golarlngpartners.com.

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 441-295-4705 or via email at [email protected]

This page was last updated on 6/5/2020 by MarketBeat.com Staff