FY2017 EPS Estimates for Golar LNG Partners LP (GMLP) Cut by Jefferies Group

Golar LNG Partners LP (NASDAQ:GMLP) – Equities researchers at Jefferies Group decreased their FY2017 earnings per share (EPS) estimates for shares of Golar LNG Partners in a note issued to investors on Thursday. Jefferies Group analyst R. Giveans now anticipates that the shipping company will earn $1.87 per share for the year, down from their previous estimate of $1.95. Jefferies Group currently has a “Buy” rating and a $26.00 target price on the stock. Jefferies Group also issued estimates for Golar LNG Partners’ Q4 2017 earnings at $0.24 EPS.

Other analysts have also recently issued research reports about the company. ABN Amro initiated coverage on Golar LNG Partners in a research report on Monday, October 30th. They set a “buy” rating for the company. Stifel Nicolaus reissued a “hold” rating on shares of Golar LNG Partners in a research report on Friday, September 22nd. Zacks Investment Research raised Golar LNG Partners from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, ValuEngine raised Golar LNG Partners from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $23.25.

Shares of Golar LNG Partners (GMLP) opened at $20.39 on Monday. The stock has a market capitalization of $1,410.00, a price-to-earnings ratio of 6.75, a P/E/G ratio of 1.23 and a beta of 0.88. Golar LNG Partners has a 12-month low of $18.77 and a 12-month high of $25.82. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 1.95.

Several large investors have recently made changes to their positions in the business. Huber Capital Management LLC lifted its position in shares of Golar LNG Partners by 14.2% in the second quarter. Huber Capital Management LLC now owns 1,764,626 shares of the shipping company’s stock worth $35,416,000 after buying an additional 219,511 shares during the last quarter. FMR LLC lifted its position in shares of Golar LNG Partners by 4.7% in the second quarter. FMR LLC now owns 1,251,660 shares of the shipping company’s stock worth $25,121,000 after buying an additional 55,760 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Golar LNG Partners by 96.4% in the second quarter. Goldman Sachs Group Inc. now owns 916,507 shares of the shipping company’s stock worth $18,394,000 after buying an additional 449,868 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Golar LNG Partners by 37.5% in the third quarter. JPMorgan Chase & Co. now owns 666,827 shares of the shipping company’s stock worth $15,110,000 after buying an additional 181,868 shares during the last quarter. Finally, First Trust Advisors LP acquired a new stake in shares of Golar LNG Partners in the second quarter worth about $9,812,000. 46.85% of the stock is owned by institutional investors.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Monday, October 30th were given a $0.5775 dividend. The ex-dividend date of this dividend was Friday, October 27th. This represents a $2.31 dividend on an annualized basis and a dividend yield of 11.33%. Golar LNG Partners’s dividend payout ratio is currently 101.76%.

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Golar LNG Partners Company Profile

Golar LNG Partners LP owns and operates floating storage regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term time charters. The Company operates through the LNG market segment. The Company’s fleet consists of approximately six FSRUs and over four LNG carriers. The Company’s FSRU vessels include Golar Spirit, Golar Winter, Golar Freeze, NR Satu, Golar Igloo and Golar Eskimo.

Earnings History and Estimates for Golar LNG Partners (NASDAQ:GMLP)

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