Höegh LNG Partners LP (NYSE: HMLP) is expected to report earnings of $0.40 per share
Equity analysts expect Höegh LNG Partners LP (NYSE: HMLP – Get Rating) to post earnings per share of $0.40 for the current quarter, according to Zacks Investment Research. Two analysts released earnings estimates for Höegh LNG Partners, with the highest EPS estimate at $0.43 and the lowest estimate at $0.36. Höegh LNG Partners reported earnings of $0.38 per share in the same quarter last year, suggesting a positive year-over-year growth rate of 5.3%. The company is expected to release its next results on Monday, January 1.
On average, analysts expect Höegh LNG Partners to report annual earnings of $1.65 per share for the current fiscal year, with EPS estimates ranging from $1.55 to $1.75. For the next fiscal year, analysts expect the company to post earnings of $1.74 per share, with EPS estimates ranging from $1.68 to $1.79. Zacks Investment Research’s average earnings per share is an average average based on a survey of sell-side analysts who track Höegh LNG Partners.
Höegh LNG Partners (NYSE: HMLP – Get Rating) last released quarterly earnings data on Wednesday, February 23. The shipping company reported EPS of $0.31 for the quarter, missing the consensus estimate of $0.44 per ($0.13). The company posted revenue of $36.19 million in the quarter, compared to $35.48 million expected by analysts. Höegh LNG Partners achieved a return on equity of 14.22% and a net margin of 42.47%. In the same quarter a year earlier, the company posted EPS of $0.46.
HMLP has been the subject of several analyst reports. Zacks Investment Research upgraded Höegh LNG Partners from a “hold” rating to a “buy” rating and set a price target of $8.75 on the stock in a Thursday, March 31 report. Stifel Nicolaus upgraded Höegh LNG Partners from a “hold” rating to a “buy” rating and raised its share price target from $8.00 to $9.50 in a Monday 28 research note March. Finally, StockNews.com upgraded Höegh LNG Partners from a “buy” rating to a “hold” rating in a Thursday, May 12 research rating. Two investment analysts gave the stock a sell rating, two gave the company a hold rating and two gave the company a buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $9.50.
A number of institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in Höegh LNG Partners by 75.5% in the 1st quarter. JPMorgan Chase & Co. now owns 927,120 shares of the shipping company valued at $6,842,000 after acquiring 398,791 additional shares last quarter. Prescott Group Capital Management LLC increased its position in shares of Höegh LNG Partners by 29.0% in the 1st quarter. Prescott Group Capital Management LLC now owns 550,992 shares of the shipping company worth $4,066,000 after purchasing an additional 123,972 shares last quarter. Verition Fund Management LLC increased its position in Höegh LNG Partners shares by 31.3% in the 1st quarter. Verition Fund Management LLC now owns 279,413 shares of the shipping company worth $2,062,000 after buying an additional 66,687 shares last quarter. Citigroup Inc. increased its position in shares of Höegh LNG Partners by 45.9% in the 1st quarter. Citigroup Inc. now owns 272,298 shares of the shipping company worth $2,010,000 after buying an additional 85,666 shares last quarter. Finally, Marshall Wace LLP bought a new stake in the shares of Höegh LNG Partners in the 4th quarter for a value of approximately $617,000. 17.69% of the shares are currently held by institutional investors and hedge funds.
Shares of HMLP traded down $0.01 during trading hours Thursday, hitting $6.18. The company had a trading volume of 127,298 shares, compared to an average volume of 187,361. The company has a market capitalization of $206.25 million, a P/E ratio of 4.61 and a beta of 1.59. . The stock’s 50-day moving average price is $6.28 and its 200-day moving average price is $5.06. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt ratio of 0.96. Höegh LNG Partners has a 52-week low of $3.77 and a 52-week high of $18.17.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 13. Shareholders of record on Monday, May 2 received a dividend of $0.01 per share. The ex-dividend date was Friday, April 29. This represents an annualized dividend of $0.04 and a yield of 0.65%. Höegh LNG Partners’ payout ratio is 2.99%.
About Höegh LNG Partners (Get a rating)
Höegh LNG Partners LP is focused on owning, operating and acquiring floating storage and regasification units (FSRUs), liquefied natural gas (LNG) carriers and other LNG infrastructure assets in the long-term charters. As of March 31, 2022, it had a fleet of five FSRUs. Höegh LNG GP LLC is the general partner of the company.
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