News headlines about Hoegh LNG Partners (NASDAQ:HMLP) have trended somewhat positive recently, Accern reports. Accern rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hoegh LNG Partners earned a news impact score of 0.06 on Accern’s scale. Accern also assigned press coverage about the shipping company an impact score of 47.9594677847145 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of Hoegh LNG Partners (NASDAQ HMLP) remained flat at $18.45 on Tuesday. 15,274 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $18.76 and its 200 day moving average price is $19.24. Hoegh LNG Partners has a 52-week low of $17.05 and a 52-week high of $20.65. The company has a market cap of $607.37 million and a PE ratio of 9.06.
Hoegh LNG Partners (NASDAQ:HMLP) last issued its earnings results on Thursday, August 24th. The shipping company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.08. The firm had revenue of $35.02 million during the quarter, compared to the consensus estimate of $31.94 million. Hoegh LNG Partners had a net margin of 34.87% and a return on equity of 13.48%. Analysts anticipate that Hoegh LNG Partners will post $1.49 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Thursday, August 3rd were paid a $0.43 dividend. The ex-dividend date was Tuesday, August 1st. This represents a $1.72 annualized dividend and a dividend yield of 9.32%.
A number of brokerages have commented on HMLP. Barclays PLC raised Hoegh LNG Partners from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $21.00 to $22.00 in a report on Tuesday, July 18th. Zacks Investment Research raised Hoegh LNG Partners from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. TheStreet raised Hoegh LNG Partners from a “d” rating to a “c+” rating in a report on Monday, August 7th. BidaskClub lowered Hoegh LNG Partners from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Citigroup Inc. upped their price objective on Hoegh LNG Partners from $21.00 to $22.00 and gave the company a “buy” rating in a report on Friday, August 25th. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $21.30.
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About Hoegh LNG Partners
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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