Shares of Hoegh LNG Partners LP (NYSE:HMLP) have been given a consensus rating of “Hold” by the eight brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $17.33.
Several research firms recently issued reports on HMLP. TheStreet lowered shares of Hoegh LNG Partners from a “b-” rating to a “c+” rating in a report on Thursday, August 8th. DNB Markets upgraded Hoegh LNG Partners from a “sell” rating to a “hold” rating in a report on Friday, November 22nd. B. Riley set a $21.00 price objective on Hoegh LNG Partners and gave the company a “buy” rating in a research note on Thursday, August 22nd. Citigroup lowered Hoegh LNG Partners from a “buy” rating to a “sell” rating and cut their target price for the company from $16.00 to $14.00 in a research report on Tuesday, October 29th. Finally, Barclays set a $17.00 target price on Hoegh LNG Partners and gave the stock a “hold” rating in a research note on Tuesday, October 15th.
NYSE:HMLP traded up $0.06 on Friday, reaching $15.32. 52,194 shares of the stock traded hands, compared to its average volume of 95,190. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.27. Hoegh LNG Partners has a 1-year low of $14.01 and a 1-year high of $19.98. The company’s 50 day moving average is $15.50 and its 200-day moving average is $16.46. The firm has a market capitalization of $508.62 million, a price-to-earnings ratio of 8.42, a price-to-earnings-growth ratio of 9.69 and a beta of 1.06.
Hoegh LNG Partners (NYSE:HMLP) last issued its quarterly earnings results on Thursday, November 21st. The shipping company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.22. Hoegh LNG Partners had a net margin of 34.64% and a return on equity of 17.30%. The firm had revenue of $36.98 million for the quarter, compared to the consensus estimate of $36.93 million. During the same quarter in the previous year, the company earned $0.51 EPS. The company’s revenue for the quarter was down .9% on a year-over-year basis. On average, equities research analysts forecast that Hoegh LNG Partners will post 1.33 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 31st were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 11.49%. The ex-dividend date was Wednesday, October 30th. Hoegh LNG Partners’s dividend payout ratio is presently 96.70%.
Several hedge funds have recently added to or reduced their stakes in the company. Trustcore Financial Services LLC grew its stake in shares of Hoegh LNG Partners by 14.8% in the 2nd quarter. Trustcore Financial Services LLC now owns 7,000 shares of the shipping company’s stock valued at $121,000 after buying an additional 900 shares during the period. Marshall Wace LLP bought a new stake in Hoegh LNG Partners in the 2nd quarter valued at about $299,000. Arrow Investment Advisors LLC bought a new stake in Hoegh LNG Partners in the 2nd quarter valued at about $360,000. JPMorgan Chase & Co. acquired a new position in Hoegh LNG Partners during the 2nd quarter worth approximately $422,000. Finally, Commonwealth Equity Services LLC raised its stake in Hoegh LNG Partners by 81.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 28,281 shares of the shipping company’s stock worth $489,000 after buying an additional 12,726 shares during the period. 21.65% of the stock is currently owned by institutional investors.
About Hoegh LNG Partners
Höegh LNG Partners LP focuses on owning, operating, and acquiring floating storage and regasification units (FSRUs), liquefied natural gas (LNG) carriers, and other LNG infrastructure assets under long-term charters. The company also offers ship management services. As of March 31, 2018, it had a fleet of five FSRUs.
See Also: Options Trading – What is a Straddle?
Receive News & Ratings for Hoegh LNG Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hoegh LNG Partners and related companies with MarketBeat.com's FREE daily email newsletter.