Equities analysts expect Hoegh LNG Partners (NYSE:HMLP) to report sales of $32.12 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Hoegh LNG Partners’ earnings, with the highest sales estimate coming in at $35.73 million and the lowest estimate coming in at $28.50 million. Hoegh LNG Partners reported sales of $35.08 million in the same quarter last year, which would indicate a negative year over year growth rate of 8.4%. The company is expected to report its next earnings results on Wednesday, May 23rd.
On average, analysts expect that Hoegh LNG Partners will report full year sales of $139.12 million for the current fiscal year, with estimates ranging from $120.30 million to $155.76 million. For the next fiscal year, analysts forecast that the company will post sales of $164.92 million per share, with estimates ranging from $141.29 million to $210.67 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Hoegh LNG Partners.
Hoegh LNG Partners (NYSE:HMLP) last issued its quarterly earnings results on Wednesday, February 28th. The shipping company reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.23. The company had revenue of $37.60 million for the quarter, compared to the consensus estimate of $36.21 million. Hoegh LNG Partners had a net margin of 33.99% and a return on equity of 10.71%. The firm’s revenue for the quarter was up 61.4% compared to the same quarter last year.
HMLP has been the topic of a number of research analyst reports. ValuEngine downgraded shares of Hoegh LNG Partners from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research downgraded shares of Hoegh LNG Partners from a “hold” rating to a “sell” rating in a report on Tuesday, February 6th. Morgan Stanley cut their price target on shares of Hoegh LNG Partners from $20.50 to $20.00 and set an “overweight” rating on the stock in a report on Monday, February 12th. Finally, Bank of America cut their price target on shares of Hoegh LNG Partners from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, March 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $20.60.
Institutional investors have recently made changes to their positions in the stock. Huber Capital Management LLC raised its stake in Hoegh LNG Partners by 35.9% in the 4th quarter. Huber Capital Management LLC now owns 1,022,957 shares of the shipping company’s stock valued at $19,078,000 after acquiring an additional 270,488 shares during the period. M&T Bank Corp bought a new stake in Hoegh LNG Partners in the 4th quarter valued at about $812,000. CNA Financial Corp raised its stake in Hoegh LNG Partners by 20.7% in the 4th quarter. CNA Financial Corp now owns 30,967 shares of the shipping company’s stock valued at $578,000 after acquiring an additional 5,318 shares during the period. Nwam LLC raised its stake in Hoegh LNG Partners by 24.8% in the 4th quarter. Nwam LLC now owns 63,185 shares of the shipping company’s stock valued at $1,178,000 after acquiring an additional 12,546 shares during the period. Finally, SeaCrest Wealth Management LLC bought a new stake in Hoegh LNG Partners in the 4th quarter valued at about $475,000. Institutional investors and hedge funds own 60.71% of the company’s stock.
Shares of NYSE:HMLP traded up $0.25 during midday trading on Monday, reaching $17.85. The company had a trading volume of 49,542 shares, compared to its average volume of 124,955. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.72 and a current ratio of 0.73. The company has a market capitalization of $348.01, a P/E ratio of 13.13, a price-to-earnings-growth ratio of 0.86 and a beta of 0.93. Hoegh LNG Partners has a 52-week low of $15.32 and a 52-week high of $20.65.
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Hoegh LNG Partners Company Profile
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, 2017, it had a fleet of five FSRUs.
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