Golar LNG Partners LP (NASDAQ:GMLP) declared a dividend on Thursday, July 30th, Fidelity reports. Stockholders of record on Friday, August 7th will be given a dividend of 0.0202 per share by the shipping company on Friday, August 14th. The ex-dividend date is Thursday, August 6th.
Golar LNG Partners has decreased its dividend payment by an average of 30.0% annually over the last three years. Golar LNG Partners has a dividend payout ratio of 9.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Golar LNG Partners to earn $0.80 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 10.0%.
Shares of NASDAQ:GMLP opened at $2.72 on Friday. The firm has a market cap of $193.35 million, a price-to-earnings ratio of -54.40, a P/E/G ratio of 0.49 and a beta of 0.93. The firm has a fifty day moving average price of $2.77 and a 200 day moving average price of $3.74. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.47 and a current ratio of 0.49. Golar LNG Partners has a fifty-two week low of $1.30 and a fifty-two week high of $12.10.
Golar LNG Partners (NASDAQ:GMLP) last issued its quarterly earnings results on Thursday, May 28th. The shipping company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.67). Golar LNG Partners had a positive return on equity of 11.21% and a negative net margin of 0.11%. The business had revenue of $67.63 million for the quarter, compared to analyst estimates of $70.45 million. As a group, research analysts predict that Golar LNG Partners will post 0.71 earnings per share for the current year.
A number of brokerages recently weighed in on GMLP. Zacks Investment Research downgraded Golar LNG Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. B. Riley dropped their price objective on Golar LNG Partners from $10.00 to $4.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. ValuEngine upgraded shares of Golar LNG Partners from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 2nd. Finally, Stifel Nicolaus reduced their target price on shares of Golar LNG Partners from $14.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $6.29.
About Golar LNG Partners
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.
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