Equities analysts expect that Hoegh LNG Partners LP (NYSE:HMLP) will report $0.39 earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for Hoegh LNG Partners’ earnings. The highest EPS estimate is $0.42 and the lowest is $0.36. Hoegh LNG Partners posted earnings per share of $0.32 during the same quarter last year, which would suggest a positive year over year growth rate of 21.9%. The business is scheduled to report its next earnings results on Thursday, August 23rd.
On average, analysts expect that Hoegh LNG Partners will report full year earnings of $1.67 per share for the current fiscal year, with EPS estimates ranging from $1.45 to $2.00. For the next year, analysts anticipate that the company will report earnings of $1.79 per share, with EPS estimates ranging from $1.46 to $2.05. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Hoegh LNG Partners.
A number of equities research analysts have issued reports on HMLP shares. Zacks Investment Research raised Hoegh LNG Partners from a “sell” rating to a “hold” rating and set a $19.00 target price for the company in a research report on Monday, February 26th. Bank of America decreased their target price on Hoegh LNG Partners from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, March 2nd. ValuEngine cut Hoegh LNG Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, June 13th. Finally, B. Riley started coverage on Hoegh LNG Partners in a research report on Thursday, May 17th. They set a “buy” rating and a $21.00 target price for the company. Two equities research analysts have rated the stock with a sell rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $20.83.
Hoegh LNG Partners traded up $0.25, reaching $18.20, during mid-day trading on Friday, MarketBeat Ratings reports. The stock had a trading volume of 1,100 shares, compared to its average volume of 129,543. Hoegh LNG Partners has a fifty-two week low of $15.32 and a fifty-two week high of $20.00. The company has a market capitalization of $592.20 million, a P/E ratio of 13.27, a P/E/G ratio of 0.75 and a beta of 0.91. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.85 and a current ratio of 0.86.
Institutional investors have recently made changes to their positions in the business. Huber Capital Management LLC boosted its position in Hoegh LNG Partners by 35.9% during the fourth quarter. Huber Capital Management LLC now owns 1,022,957 shares of the shipping company’s stock worth $19,078,000 after purchasing an additional 270,488 shares during the period. GSA Capital Partners LLP boosted its position in Hoegh LNG Partners by 90.3% during the first quarter. GSA Capital Partners LLP now owns 82,200 shares of the shipping company’s stock worth $1,332,000 after purchasing an additional 39,000 shares during the period. Renaissance Technologies LLC boosted its position in Hoegh LNG Partners by 64.1% during the fourth quarter. Renaissance Technologies LLC now owns 228,300 shares of the shipping company’s stock worth $4,258,000 after purchasing an additional 89,200 shares during the period. M&T Bank Corp bought a new stake in Hoegh LNG Partners during the fourth quarter worth approximately $812,000. Finally, Raymond James & Associates boosted its position in Hoegh LNG Partners by 15.1% during the fourth quarter. Raymond James & Associates now owns 36,610 shares of the shipping company’s stock worth $683,000 after purchasing an additional 4,810 shares during the period. 30.79% of the stock is owned by hedge funds and other 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.
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