Analysts Expect Hoegh LNG Partners (HMLP) to Announce $0.34 EPS
Shares of Hoegh LNG Partners (NASDAQ:HMLP) have been assigned a consensus broker rating score of 2.33 (Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.
Brokerages have set a 12-month consensus price target of $19.67 for the company and are expecting that the company will post $0.34 earnings per share for the current quarter, according to Zacks. Zacks has also given Hoegh LNG Partners an industry rank of 223 out of 265 based on the ratings given to related companies.
Several research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Hoegh LNG Partners from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 2nd. Citigroup Inc. reiterated a “buy” rating and set a $21.00 price objective (up from $18.50) on shares of Hoegh LNG Partners in a research report on Friday, August 26th. Morgan Stanley reiterated a “hold” rating on shares of Hoegh LNG Partners in a research report on Friday, August 26th. Finally, Barclays PLC reiterated an “equal weight” rating and set a $20.00 price objective (up from $19.00) on shares of Hoegh LNG Partners in a research report on Tuesday, August 30th.
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Shares of Hoegh LNG Partners (NASDAQ:HMLP) traded up 1.09% on Friday, hitting $18.57. The company had a trading volume of 2,050 shares. The company has a market cap of $488.80 million and a price-to-earnings ratio of 19.32. The company has a 50 day moving average of $18.19 and a 200-day moving average of $18.06. Hoegh LNG Partners has a 12-month low of $11.50 and a 12-month high of $19.56.
Hoegh LNG Partners (NASDAQ:HMLP) last posted its quarterly earnings results on Thursday, August 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.26. The business had revenue of $22.80 million for the quarter, compared to analysts’ expectations of $23.47 million. On average, analysts forecast that Hoegh LNG Partners will post $1.17 earnings per share for the current year.
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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