Q2 2018 Results: Analysts’ Expectations for Golar LNG Partners

Consensus ratings

According to Reuters, ten analysts have given recommendations on Golar LNG Partners (GMLP). The consensus rating on the stock is 2.3, which means a “buy.”

Below are the consensus ratings for other 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): 1.62, which means a “buy”
  • Teekay LNG Partners (TGP): 2.38, which means a “buy”
  • Höegh LNG Partners (HMLP): 1.43, which means a “strong buy”
  • Dynagas LNG Partners (DLNG): 2.57, which means a “hold”

Q2 2018 Results: Analysts’ Expectations for Golar LNG Partners

Consensus recommendations

Of the ten analysts covering Golar LNG Partners, three have given it “strong buy” recommendations, while two have given it “buy” recommendations. Four analysts have recommended “holds” on the stock. One analyst has recommended a “sell” on GMLP.

Target price

Golar LNG Partners’ consensus 12-month target price is $21.15. Based on its price on July 18, this target price implies a potential upside of 39.51%.

Revenue and earnings estimate

Wall Street analysts expect Golar LNG Partners’ second-quarter revenue to be $84.03 million compared to $74.2 million in the previous quarter and $135.9 million in the second quarter of 2017. Its 2018 revenue is expected to be $347.5 million, 19.75% lower than its revenue of $433 million in 2017. This year will likely be the second consecutive year during which Golar LNG Partners experiences a revenue fall.

Golar LNG Partners’ EBITDA is expected to rise to $61.7 million in the second quarter compared to $51.7 million in the previous quarter. Its EBITDA for 2018 is expected to be $265.2 million compared to $339.9 million in 2017.