Golar LNG Partners LP owns and operates floating storage regasification units (FSRUs), liquefied natural gas (LNG) carriers, and floating liquefied natural gas vessel industries under long-term charters in Brazil, the United Arab Emirates, Indonesia, Jordan, and Kuwait. The company also engages in the leasing of its fleets. As of April 24, 2017, 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
SymbolNASDAQ:GMLP
CUSIPN/A
Phone1-441-295-4705
Debt
Debt-to-Equity Ratio1.93
Current Ratio1.73
Quick Ratio1.71
Price-To-Earnings
Trailing P/E Ratio8.38
Forward P/E Ratio13.14
P/E Growth1.62
Sales & Book Value
Annual Sales$433.10 million
Price / Sales2.54
Cash Flow$3.4357 per share
Price / Cash4.59
Book Value$10.11 per share
Price / Book1.56
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
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 Friday, April 27th. Shareholders of record on Monday, May 7th will be paid a dividend of $0.5775 per share on Monday, May 14th. This represents a $2.31 dividend on an annualized basis and a yield of 14.65%. The ex-dividend date is Friday, May 4th. View Golar LNG Partners' Dividend History.
How will Golar LNG Partners' stock buyback program work?
Golar LNG Partners announced that its board has initiated a stock buyback program on Tuesday, March 6th 2018, which allows the company to repurchase $25,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are typically a sign 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 quarterly earnings results on Thursday, May, 31st. The shipping company reported $0.21 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.09 by $0.12. The shipping company had revenue of $74.21 million for the quarter, compared to the consensus estimate of $77.64 million. Golar LNG Partners had a net margin of 29.68% and a return on equity of 16.74%. View Golar LNG Partners' Earnings History.
When is Golar LNG Partners' next earnings date?
What price target have analysts set for GMLP?
6 analysts have issued 1-year price objectives for Golar LNG Partners' shares. Their predictions range from $17.00 to $26.00. On average, they anticipate Golar LNG Partners' share price to reach $21.80 in the next twelve months. 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), KNOT Offshore Partners (KNOP), Tidewater (TDW), 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. Graham Robjohns, Chief Exec. Officer (Age 53)
- Mr. Brian Tienzo, Principal Financial & Accounting Officer (Age 44)
- Mr. Øistein Dahl, Chief Operating Officer (Age 57)
- Mr. Michael Ashford, Company Sec. & Director
Has Golar LNG Partners been receiving favorable news coverage?
Media stories about GMLP stock have been trending somewhat positive on Tuesday, Accern Sentiment reports. The research firm ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Golar LNG Partners earned a media sentiment score of 0.09 on Accern's scale. They also gave news stories about the shipping company an impact score of 46.07 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near future.
Who are Golar LNG Partners' major shareholders?
Golar LNG Partners' stock is owned by a number of of retail and institutional investors. Top institutional investors include Kayne Anderson Capital Advisors LP (2.72%), JPMorgan Chase & Co. (1.38%), Cannell Peter B & Co. Inc. (1.05%), Eagle Global Advisors LLC (0.82%), Stifel Financial Corp (0.67%) and Guggenheim Capital LLC (0.27%). View Institutional Ownership Trends for Golar LNG Partners.
Which institutional investors are selling Golar LNG Partners stock?
GMLP stock was sold by a variety of institutional investors in the last quarter, including Cannell Peter B & Co. Inc., Kayne Anderson Capital Advisors LP, Eagle Global Advisors LLC, Guggenheim Capital LLC, Wells Fargo & Company MN, Hussman Strategic Advisors Inc., UBS Group AG and Stifel Financial Corp. View Insider Buying and Selling for Golar LNG Partners.
Which institutional investors are buying Golar LNG Partners stock?
GMLP stock was acquired by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Millennium Management LLC, State of New Jersey Common Pension Fund D, GSA Capital Partners LLP, Wedbush Securities Inc., Wasatch Advisors Inc., Koch Industries Inc. and Northern Trust Corp. View Insider Buying and Selling for Golar LNG Partners.
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 $15.77.
How big of a company is Golar LNG Partners?
Golar LNG Partners has a market capitalization of $1.08 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 (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.
