Golar LNG Partners LP - Common Limited Partnership (GMLP): Price and Financial Metrics
GMLP Stock Summary
- The price/operating cash flow metric for Golar LNG Partners LP is higher than just 6.16% of stocks in our set with a positive cash flow.
- For GMLP, its debt to operating expenses ratio is greater than that reported by 93.76% of US equities we're observing.
- Golar LNG Partners LP's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is 60.97%, greater than the shareholder yield of 96.82% of stocks in our set.
- If you're looking for stocks that are quantitatively similar to Golar LNG Partners LP, a group of peers worth examining would be ILPT, SVC, TGP, SRG, and GLOG.
- GMLP's SEC filings can be seen here. And to visit Golar LNG Partners LP's official web site, go to www.golarlngpartners.com.
GMLP Stock Price Chart Interactive Chart >
GMLP Price/Volume Stats
|Current price||$3.55||52-week high||$3.57|
|Prev. close||$3.53||52-week low||$1.82|
|Day high||$3.55||Avg. volume||537,732|
|50-day MA||$3.49||Dividend yield||2.25%|
|200-day MA||$2.82||Market Cap||246.02M|
Golar LNG Partners LP - Common Limited Partnership (GMLP) Company Bio
Golar LNG Partners LP owns and operates floating storage and regasification units and liquefied natural gas carriers under long-term charters. The company was founded in 2007 and is based in Hamilton, Bermuda.
GMLP Price Forecast Based on DCF Valuation
|Current Price||DCF Fair Value Target:||Forecasted Gain:|
Below please find a table outlining a discounted cash flow forecast for GMLP, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Golar LNG Partners LP ranked in the 74th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. The most interesting components of our discounted cash flow analysis for Golar LNG Partners LP ended up being:
- Its compound free cash flow growth rate, as measured over the past 4.87 years, is -0.08% -- higher than merely 15.4% of stocks in our DCF forecasting set.
- 17% of the company's capital comes from equity, which is greater than only 2.93% of stocks in our cash flow based forecasting set.
- The weighted average cost of capital for the company is 10. This value is greater than only 20.83% stocks in the Energy sector that generate free cash flow.
|Terminal Growth Rate in Free Cash Flow||Return Relative to Current Share Price|
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Latest GMLP News From Around the Web
Below are the latest news stories about Golar LNG Partners LP that investors may wish to consider to help them evaluate GMLP as an investment opportunity.
LEAWOOD, KS / ACCESSWIRE / April 15, 2021 / TortoiseEcofin today announced that Golar LNG Partners LP (NASDAQ:GMLP) will be removed from the Tortoise MLP Index® (TMLP) as a result of the approved merger with New Fortress Energy Inc (NASDAQ:NFE). Due to the merger, GMLP will be removed from the index at market open on Monday, April 19, 2021.
April 15, 2021 – Golar LNG Partners LP (Nasdaq: GMLP) (“GMLP”) today announces the completion of its sale to New Fortress Energy Inc. (“NFE”). Under NFE’s merger agreement with GMLP, NFE acquired all of the outstanding common units of GMLP for $3.55 per common unit in cash. NFE also acquired GMLP’s general partner for equivalent consideration. The transaction is valued at a $1.9 billion enterprise value and $251 million equity value. The Series A preferred units of GMLP will remain outstanding following the merger. “We are confident that the sale of GMLP to NFE is a good solution to all GMLP stakeholders, and successfully concludes the announced strategic review for the Partnership. We would like to thank all of our stakeholders for the interest and support through the Partnership’s pub...
Golar LNG said on Monday Chief Executive Officer Iain Ross had resigned, after nearly four years with the energy firm, sending its shares down nearly 5%. Golar said it would immediately start the search for a new CEO, adding Ross' contractual termination period of six months can be prolonged or reduced upon mutual agreement. Ross, who took up the top job in September 2017, had been an executive with Australian industrial engineering company WorleyParsons Ltd before joining Golar.
Golar LNG Partners LP announces that it has filed its Form 20-F for the year ended December 31, 2020 with the Securities and Exchange Commission in the U.S. Form 20-F can be downloaded from the link below, is available on our website (www.golarlngpartners.com) and unitholders may receive a hard copy free of charge upon request. March 16, 2021 The Board of Directors Hamilton, BermudaEnquiries:Golar Management Limited: + 44 207 063 7900Karl Fredrik StauboStuart Buchanan This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
Shares of Golar LNG Partners (NASDAQ:GMLP) rose by 24.71% in the past three months. Before we understand the importance of debt, let us look at how much debt Golar LNG Partners has. Golar LNG Partners's Debt According to the Golar LNG Partners's most recent balance sheet as reported on April 30, 2020, total debt is at $1.34 billion, with $1.11 billion in long-term debt and $227.24 million in current debt. Adjusting for $47.66 million in cash-equivalents, the company has a net debt of $1.29 billion. Let's define some of the terms we used in the paragraph above. Current debt is the portion of a company's debt which is due within 1 year, while long-term debt is the portion due in more than 1 year. Cash equivalents include cash and any liquid securities with maturity periods of 90 days or l...
GMLP Price Returns
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