How were Golar LNG Partners' earnings last quarter?

Golar LNG Partners LP (NASDAQ:GMLP) announced its quarterly earnings results on Sunday, November, 29th. The shipping company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.03. The shipping company earned $69.54 million during the quarter, compared to analysts' expectations of $70.48 million. Golar LNG Partners had a net margin of 9.97% and a trailing twelve-month return on equity of 13.04%. Read the conference call transcript .

Is Golar LNG Partners a good dividend stock?

Golar LNG Partners (NASDAQ:GMLP) pays an annual dividend of $0.08 per share and currently has a dividend yield of 2.25%. The dividend payout ratio is 9.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GMLP will have a dividend payout ratio of 9.41% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for GMLP .

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) , Washington Prime Group (WPG) , CBL & Associates Properties (CBL) , EnLink Midstream (ENLC) , DHT (DHT) , Pennsylvania Real Estate Investment Trust (PEI) , Gran Tierra Energy (GTE) , CNBX Pharmaceuticals (CNBX) and Enerplus (ERF) .

NASDAQ:GMLP

Golar LNG Partners (GMLP) Stock Price, News & Analysis

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Today's Range: $3.53
▼
$3.55
50-Day Range: $3.49
▼
$3.55
52-Week Range: $1.82
▼
$3.57

Volume: 326,719 shs
Average Volume: 537,732 shs
Market Capitalization: $246.02 million

P/E Ratio: 9.59
Dividend Yield: 2.25%
Price Target: N/A

Stock Analysis

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Golar LNG Partners MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -6.99
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: -4.49%
From $0.89 to $0.85 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.09 out of 5 stars

Oils/Energy Sector

215th out of 241 stocks

Water Transportation Industry

14th out of 18 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Golar LNG Partners.

N/A

Short Interest

Short Interest
There is no current short interest data available for GMLP.

2.5

Dividend Strength

Dividend Yield
Golar LNG Partners pays a meaningful dividend of 2.25%, higher than the bottom 25% of all stocks that pay dividends.
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 9.41% next year. This indicates that Golar LNG Partners will be able to sustain or increase its dividend.

1.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Golar LNG Partners has received a -33.37% net impact score from Upright. The largest negative impact of Golar LNG Partners in category "GHG emissions" is driven by its "LNG ship freight transport services" and "Oil floating production storage and offloading vessels" products. See details.
Environmental Sustainability
The Environmental Impact score for Golar LNG Partners is -6.99.

0.6

News and Social Media Coverage

MarketBeat Follows
1 people have added Golar LNG Partners to their MarketBeat watchlist in the last 30 days.

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 26.96% of the stock of Golar LNG Partners is held by institutions.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Golar LNG Partners are expected to decrease by -4.49% in the coming year, from $0.89 to $0.85 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Golar LNG Partners is 9.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.86.
Price to Earnings Ratio vs. Sector
The P/E ratio of Golar LNG Partners is 9.59, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 18.09.
Price to Earnings Growth Ratio
Golar LNG Partners has a PEG Ratio of 0.50. 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 0.47. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Golar LNG Partners Stock (NASDAQ:GMLP)

Golar LNG Partners LP owns and operates floating storage regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term charters in Indonesia, Brazil, Jordan, Jamaica, Kuwait, and the United Arab Emirates. As of March 2, 2021, 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.

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GMLP Stock News Headlines

February 29, 2024 | msn.com

Golar LNG declares $0.25 dividend

November 20, 2023 | msn.com

Golar LNG Q3 2023 Earnings Preview

April 16, 2024 | Paradigm Press (Ad)

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Golar LNG Ltd GLNG

October 16, 2023 | benzinga.com

FLNG Hilli offloads 100th LNG cargo

August 8, 2023 | benzinga.com

Golar LNG Limited: 2023 AGM Results Notification

April 25, 2023 | msn.com

Stifel Maintains Golar Lng (GLNG) Buy Recommendation

April 20, 2023 | benzinga.com

Golar LNG Limited – Q1 2023 results presentation

April 16, 2024 | Paradigm Press (Ad)

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Golar Lng

January 27, 2023 | finanznachrichten.de

Golar LNG Limited - Q4 2022 results presentation

January 24, 2023 | seekingalpha.com

GMLPF Golar LNG Partners LP 8.75% CUM PFD A

January 5, 2023 | thestreet.com

Golar LNG Partners (GMLP) Stock Falls Today on Secondary Offering of Common Units

October 10, 2022 | msn.com

Golar LNG (GLNG) Rides on FLNG Growth Amid Rising Expenses

September 25, 2022 | investing.com

Golar LNG Partners LP Series A Pref (GMLPF)

September 23, 2022 | seekingalpha.com

GLNG Golar LNG Limited

September 23, 2022 | finance.yahoo.com

Golar LNG Partners LP (GMLPF)

August 24, 2022 | thestreet.com

Golar LNG Partners (GMLP) Stock Rallies, Distribution Policy Unchanged

May 19, 2022 | finance.yahoo.com

Are Transportation Stocks Lagging Golar LNG Limited (GLNG) This Year?

October 1, 2021 | au.finance.yahoo.com

Golar LNG Limited & Golar LNG Partners L.P. announce organizational changes

August 11, 2021 | seekingalpha.com

Golar LNG Limited (GLNG) CEO Karl Staubo on Q2 2021 Results - Earnings Call Transcript

August 9, 2021 | msn.com

Golar LNG Limited (GLNG) Q2 2021 Earnings Call Transcript

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Company Calendar

Last Earnings: 11/29/2020
Today: 4/16/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Oils/Energy
Industry: Water Transportation
Sub-Industry: N/A
Current Symbol: NASDAQ:GMLP
CUSIP: N/A
CIK: 1415916
Web: www.golarlngpartners.com
Phone: 441-295-4705
Fax: N/A
Employees: 1
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $0.81
Trailing P/E Ratio: 9.59
Forward P/E Ratio: 3.99
P/E Growth: 0.5
Net Income: $17.81 million
Net Margins: 9.97%
Pretax Margin: N/A
Return on Equity: 13.04%
Return on Assets: 3.44%

Debt

Debt-to-Equity Ratio: 1.41
Current Ratio: 0.19
Quick Ratio: 0.19

Sales & Book Value

Annual Sales: $299.65 million
Price / Sales: 0.82
Cash Flow: $2.13 per share
Price / Cash Flow: 1.67
Book Value: $7.50 per share
Price / Book: 0.47

Miscellaneous

Outstanding Shares: 69,302,000
Free Float: N/A
Market Cap: $246.02 million
Optionable: Optionable
Beta: 1.03

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Key Executives

Mr. Karl Fredrik Staubo (Age 34)
Chief Exec. Officer
Mr. Ãistein Dahl (Age 60)
Chief Operating Officer
Mr. Stuart Buchanan
Head of Investor Relations
Ms. Georgina E. Sousa (Age 70)
Sec. & Director

Key Competitors

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GMLP Stock Analysis - Frequently Asked Questions

How were Golar LNG Partners' earnings last quarter?: Golar LNG Partners LP (NASDAQ:GMLP) announced its quarterly earnings results on Sunday, November, 29th. The shipping company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.03. The shipping company earned $69.54 million during the quarter, compared to analysts' expectations of $70.48 million. Golar LNG Partners had a net margin of 9.97% and a trailing twelve-month return on equity of 13.04%.
Read the conference call transcript.
Is Golar LNG Partners a good dividend stock?: Golar LNG Partners (NASDAQ:GMLP) pays an annual dividend of $0.08 per share and currently has a dividend yield of 2.25%. The dividend payout ratio is 9.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GMLP will have a dividend payout ratio of 9.41% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GMLP.
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), Washington Prime Group (WPG), CBL & Associates Properties (CBL), EnLink Midstream (ENLC), DHT (DHT), Pennsylvania Real Estate Investment Trust (PEI), Gran Tierra Energy (GTE), CNBX Pharmaceuticals (CNBX) and Enerplus (ERF).

This page (NASDAQ:GMLP) was last updated on 4/16/2024 by MarketBeat.com Staff

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Golar LNG Partners (GMLP) Stock Price, News & Analysis

Golar LNG Partners MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Golar LNG Partners Stock (NASDAQ:GMLP)

GMLP Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

GMLP Stock Analysis - Frequently Asked Questions

Overall MarketRank^™