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
Current SymbolNASDAQ:GMLP
Previous Symbol
CUSIPN/A
Phone1-441-295-4705
Debt
Debt-to-Equity Ratio1.65
Current Ratio0.55
Quick Ratio0.54
Price-To-Earnings
Trailing P/E Ratio7.35
Forward P/E Ratio13.83
P/E Growth1.71
Sales & Book Value
Annual Sales$433.10 million
Price / Sales2.28
Cash Flow$3.4318 per share
Price / Cash4.03
Book Value$10.11 per share
Price / Book1.37
Profitability
EPS (Most Recent Fiscal Year)$1.88
Net Income$129.28 million
Net Margins26.85%
Return on Equity13.60%
Return on Assets4.06%
Miscellaneous
Employees523
Outstanding Shares71,290,000
Market Cap$971.64 million
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 announced a quarterly dividend on Wednesday, October 24th. Shareholders 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 dividend on an annualized basis and a yield of 11.68%. 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 declared that its board has approved a share buyback program on Tuesday, March 6th 2018, which allows the company to repurchase $25,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.
How were Golar LNG Partners' earnings last quarter?
Golar LNG Partners LP (NASDAQ:GMLP) issued its earnings results on Monday, November, 5th. The shipping company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.36. Golar LNG Partners had a net margin of 26.85% and a return on equity of 13.60%. View Golar LNG Partners' Earnings History.
When is Golar LNG Partners' next earnings date?
What price target have analysts set for GMLP?
10 Wall Street analysts have issued 1 year target prices for Golar LNG Partners' shares. Their predictions range from $13.00 to $26.00. On average, they expect Golar LNG Partners' stock price to reach $18.75 in the next year. This suggests a possible upside of 35.6% 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?
Media coverage about GMLP stock has trended somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Golar LNG Partners earned a daily sentiment score of 1.5 on InfoTrie's scale. They also assigned news stories about the shipping company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the near future.
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 (TGP), Golden Ocean Group (GOGL), GasLog Partners LP Unit (GLOP), Teekay Offshore Partners (TOO), KNOT Offshore Partners (KNOP), Tidewater (TDW), 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 44)
- Mr. Ãistein Dahl, Chief Operating Officer (Age 57)
- Mr. Michael Ashford, Company Sec. & Director (Age 71)
Who are Golar LNG Partners' major shareholders?
Golar LNG Partners' stock is owned by a number of of institutional and retail investors. Top institutional investors include Huber Capital Management LLC (2.81%), Kayne Anderson Capital Advisors LP (1.68%), JPMorgan Chase & Co. (1.27%), JPMorgan Chase & Co. (1.27%), McGowan Group Asset Management Inc. (1.23%) and Mirae Asset Global Investments Co. Ltd. (0.68%).
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., SG Americas Securities LLC, Spirit of America Management Corp NY, Kayne Anderson Capital Advisors LP, JPMorgan Chase & Co., JPMorgan Chase & Co., Bramshill Investments LLC and Muhlenkamp & Co. Inc..
Which institutional investors are buying Golar LNG Partners stock?
GMLP stock was purchased by a variety of institutional investors in the last quarter, including Mirae Asset Global Investments Co. Ltd., Virtus Alternative Investment Advisers Inc., Huber Capital Management LLC, Duff & Phelps Investment Management Co., Renaissance Technologies LLC, GSA Capital Partners LLP, Rafferty Asset Management LLC and Wells Fargo & Company MN.
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 $13.83.
How big of a company is Golar LNG Partners?
Golar LNG Partners has a market capitalization of $971.64 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.
