Hoegh LNG Partners LP (HMLP) Expected to Post Earnings of $0.35 Per Share

Analysts forecast that Hoegh LNG Partners LP (NYSE:HMLP) will report $0.35 earnings per share for the current quarter, according to Zacks. Two analysts have issued estimates for Hoegh LNG Partners’ earnings. The highest EPS estimate is $0.43 and the lowest is $0.26. Hoegh LNG Partners posted earnings per share of $0.25 in the same quarter last year, which suggests a positive year-over-year growth rate of 40%. The business is expected to issue its next quarterly earnings report on Tuesday, February 27th.

On average, analysts expect that Hoegh LNG Partners will report full year earnings of $1.16 per share for the current financial year, with EPS estimates ranging from $0.98 to $1.33. For the next year, analysts expect that the firm will post earnings of $1.45 per share, with EPS estimates ranging from $1.24 to $1.82. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Hoegh LNG Partners.

A number of equities analysts recently commented on the company. Zacks Investment Research cut Hoegh LNG Partners from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 24th. ValuEngine upgraded Hoegh LNG Partners from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, BidaskClub cut Hoegh LNG Partners from a “sell” rating to a “strong sell” rating in a report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $21.50.

A number of institutional investors have recently bought and sold shares of the stock. Acrospire Investment Management LLC boosted its holdings in shares of Hoegh LNG Partners by 341.5% during the second quarter. Acrospire Investment Management LLC now owns 5,219 shares of the shipping company’s stock worth $100,000 after acquiring an additional 4,037 shares during the period. FMR LLC boosted its holdings in shares of Hoegh LNG Partners by 2.5% during the second quarter. FMR LLC now owns 1,448,061 shares of the shipping company’s stock worth $27,730,000 after acquiring an additional 35,806 shares during the period. Finally, Stifel Financial Corp boosted its holdings in shares of Hoegh LNG Partners by 3.3% during the second quarter. Stifel Financial Corp now owns 18,398 shares of the shipping company’s stock worth $351,000 after acquiring an additional 591 shares during the period. Institutional investors and hedge funds own 64.13% of the company’s stock.

Hoegh LNG Partners (NYSE:HMLP) traded down $0.15 during trading on Friday, reaching $19.25. The company had a trading volume of 101,600 shares, compared to its average volume of 120,563. Hoegh LNG Partners has a fifty-two week low of $16.90 and a fifty-two week high of $20.65. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.64 and a quick ratio of 0.63. The company has a market capitalization of $629.61, a PE ratio of 10.03, a P/E/G ratio of 0.70 and a beta of 0.93.

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Hoegh LNG Partners Company Profile

Hoegh LNG Partners LP owns, operates and acquires floating storage and regasification units (FSRUs), liquefied natural gas (LNG) carriers and other LNG infrastructure assets under long-term charters. The Company’s segments include Majority held FSRUs, Joint venture FSRUs and other. The Majority held FSRUs segment includes the direct financing lease related to the PT Perusahaan Gas Negara (Persero) Tbk (PGN) FSRU Lampung and the operating lease related to the Hoegh Gallant.

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