Media stories about Golar LNG Partners (NASDAQ:GMLP) have trended somewhat positive on Monday, according to Accern Sentiment. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Golar LNG Partners earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media stories about the shipping company an impact score of 46.501475004652 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of brokerages recently weighed in on GMLP. BidaskClub upgraded shares of Golar LNG Partners from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. ValuEngine cut shares of Golar LNG Partners from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Seaport Global Securities restated a “hold” rating and issued a $21.00 price objective on shares of Golar LNG Partners in a report on Tuesday, February 27th. Zacks Investment Research cut shares of Golar LNG Partners from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Finally, Bank of America dropped their price objective on shares of Golar LNG Partners from $26.00 to $24.00 and set a “buy” rating for the company in a report on Monday, March 5th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $23.60.
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Shares of Golar LNG Partners opened at $20.57 on Monday, Marketbeat Ratings reports. The company has a quick ratio of 1.71, a current ratio of 1.73 and a debt-to-equity ratio of 1.93. The company has a market capitalization of $1.44 billion, a P/E ratio of 10.94, a price-to-earnings-growth ratio of 2.21 and a beta of 0.89. Golar LNG Partners has a fifty-two week low of $16.78 and a fifty-two week high of $23.46.
Golar LNG Partners (NASDAQ:GMLP) last announced its quarterly earnings data on Wednesday, February 28th. The shipping company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.10. The firm had revenue of $90.11 million during the quarter, compared to analysts’ expectations of $87.09 million. Golar LNG Partners had a net margin of 29.85% and a return on equity of 17.99%. research analysts predict that Golar LNG Partners will post 1.16 EPS for the current year.
Golar LNG Partners declared that its board has approved a stock repurchase program on Monday, March 5th that permits the company to buyback $25.00 million in shares. This buyback authorization permits the shipping company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Monday, May 14th. Shareholders of record on Monday, May 7th will be issued a dividend of $0.5775 per share. This represents a $2.31 annualized dividend and a yield of 11.23%. The ex-dividend date of this dividend is Friday, May 4th. Golar LNG Partners’s dividend payout ratio (DPR) is presently 122.87%.
Golar LNG Partners Company Profile
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.
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