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Analysts Expect a Fall in Golar LNG Partners’ 1Q18 Revenue

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Consensus ratings

According to Reuters, 11 analysts have given recommendations on Golar LNG Partners (GMLP). The consensus rating on the stock is 2.09, which means a “buy.”

Below are the consensus ratings for other LNG (liquefied natural gas) (UNG) carrier companies. Their ratings on a scale of one (strong buy) to five (strong sell) are as follows:

  • Golar LNG (GLNG): 1.46, which means a “strong buy”
  • Teekay LNG Partners (TGP): 2.4, which means a “buy”
  • Höegh LNG Partners (HMLP): 1.38, which means a “strong buy”
  • Dynagas LNG Partners (DLNG): 2.29, which means a “buy”
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Consensus recommendations

Of the 11 analysts covering Golar LNG Partners, four have given it “strong buy” recommendations, while two have given it “buy” recommendations. The other five analysts have recommended “holds.” No analysts have recommended “sells” or “strong sells” on GMLP.

Target price

Golar LNG Partners’ consensus 12-month target price is $23.43. Based on its price on April 17, 2018, this target price implies a potential upside of 27.7%.

Revenue and earnings estimate

Wall Street analysts expect Golar LNG Partners’ 1Q18 revenue to be $80.9 million compared to $90.1 million in 4Q17 and $101.3 million in 1Q17. Its 2018 revenue is expected to be $366 million, 15.2% lower than its revenue of $433 million in 2017. The year 2018 will likely be the second consecutive year during which Golar LNG Partners will experience a revenue fall.

Golar LNG Partners’ EBITDA (earnings before interest, tax, depreciation, and amortization) is expected to fall to $58.6 million in 1Q18 compared to $67.1 million in 4Q17. Its EBITDA for 2018 is expected to be $281.6 million compared to $339.9 million in 2017.

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