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Fly News Breaks for August 30, 2019
GMLP
Aug 30, 2019 | 09:02 EDT
Jefferies analyst Randy Giveans Golar LNG Partners' Q2 EBITDA of $57.6M which beat his estimate of $54.2M, primarily due to greater than expected earnings from non-controlling interest as well as higher operating revenues and lower vessel operating expenditures. The analyst, who increased his second half of 2019 and 2020 earnings estimates, believes the units are attractively valued with a 16% yield, despite the recent weakness. Giveans expects liquefied natural gas carrier rates to strengthen in the coming months and keeps a Buy rating on Golar LNG Partners with a $16 price target.
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