Hoegh LNG Partners LP (NYSE:HMLP) will be issuing its quarterly earnings data before the market opens on Thursday, November 16th. Analysts expect the company to announce earnings of $0.42 per share for the quarter.
Hoegh LNG Partners (NYSE:HMLP) last posted its quarterly earnings data on Thursday, August 24th. The shipping company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). Hoegh LNG Partners had a net margin of 34.87% and a return on equity of 13.48%. The firm had revenue of $35.02 million during the quarter, compared to analysts’ expectations of $31.94 million.
Hoegh LNG Partners LP (NYSE:HMLP) opened at $17.55 on Wednesday. Hoegh LNG Partners LP has a 1 year low of $17.30 and a 1 year high of $20.65.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Thursday, November 2nd were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Wednesday, November 1st. This represents a $1.72 annualized dividend and a dividend yield of 9.80%. Hoegh LNG Partners’s payout ratio is currently 69.92%.
Several equities research analysts have commented on the stock. Barclays PLC upgraded shares of Hoegh LNG Partners from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $21.00 to $22.00 in a research report on Tuesday, July 18th. Zacks Investment Research lowered shares of Hoegh LNG Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. TheStreet upgraded shares of Hoegh LNG Partners from a “d” rating to a “c+” rating in a research report on Monday, August 7th. BidaskClub lowered shares of Hoegh LNG Partners from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, Citigroup Inc. boosted their target price on shares of Hoegh LNG Partners from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, August 25th. Two analysts have rated the stock with a sell rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $21.63.
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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