Seaport Global Securities Comments on Hoegh LNG Partners LP’s Q3 2017 Earnings (HMLP)
Hoegh LNG Partners LP (NYSE:HMLP) – Equities research analysts at Seaport Global Securities reduced their Q3 2017 earnings per share estimates for shares of Hoegh LNG Partners in a report issued on Wednesday. Seaport Global Securities analyst S. Sibal now expects that the shipping company will post earnings of $0.31 per share for the quarter, down from their prior estimate of $0.37. Seaport Global Securities also issued estimates for Hoegh LNG Partners’ Q4 2017 earnings at $0.33 EPS, Q1 2018 earnings at $0.26 EPS, Q2 2018 earnings at $0.27 EPS, Q3 2018 earnings at $0.28 EPS, Q4 2018 earnings at $0.42 EPS, FY2018 earnings at $1.24 EPS, FY2019 earnings at $1.51 EPS and FY2020 earnings at $1.51 EPS.
Hoegh LNG Partners (NYSE:HMLP) last released 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). The company had revenue of $35.02 million for the quarter, compared to analysts’ expectations of $31.94 million. Hoegh LNG Partners had a net margin of 52.42% and a return on equity of 10.64%. TRADEMARK VIOLATION WARNING: This piece of content was first reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark law. The correct version of this piece of content can be read at https://theolympiareport.com/2017/11/18/seaport-global-securities-comments-on-hoegh-lng-partners-lps-q3-2017-earnings-hmlp.html.
A number of other research firms have also weighed in on HMLP. BidaskClub raised Hoegh LNG Partners from a “sell” rating to a “hold” rating in a research note on Saturday, July 22nd. Zacks Investment Research lowered Hoegh LNG Partners from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 25th. ValuEngine raised Hoegh LNG Partners from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Citigroup Inc. increased their price objective on Hoegh LNG Partners from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, August 25th. Finally, TheStreet raised Hoegh LNG Partners from a “d” rating to a “c+” rating in a research note on Monday, August 7th. Two investment analysts have rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $21.63.
Shares of Hoegh LNG Partners (NYSE:HMLP) opened at $17.35 on Friday. The firm has a market capitalization of $567.89, a P/E ratio of 13.40, a PEG ratio of 0.58 and a beta of 0.98. Hoegh LNG Partners has a 52 week low of $16.90 and a 52 week high of $20.65. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.67 and a current ratio of 0.68.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Thursday, November 2nd were issued a dividend of $0.43 per share. The ex-dividend date was Wednesday, November 1st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 9.91%. Hoegh LNG Partners’s dividend payout ratio is presently 69.92%.
Several institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp raised its holdings in shares of Hoegh LNG Partners by 3.3% during the second quarter. Stifel Financial Corp now owns 18,398 shares of the shipping company’s stock valued at $351,000 after acquiring an additional 591 shares in the last quarter. FMR LLC raised its holdings in shares of Hoegh LNG Partners by 2.5% during the second quarter. FMR LLC now owns 1,448,061 shares of the shipping company’s stock valued at $27,730,000 after acquiring an additional 35,806 shares in the last quarter. Acrospire Investment Management LLC raised its holdings in shares of Hoegh LNG Partners by 341.5% during the second quarter. Acrospire Investment Management LLC now owns 5,219 shares of the shipping company’s stock valued at $100,000 after acquiring an additional 4,037 shares in the last quarter. Bard Associates Inc. bought a new position in shares of Hoegh LNG Partners during the second quarter valued at approximately $321,000. Finally, Kayne Anderson Capital Advisors LP raised its holdings in shares of Hoegh LNG Partners by 1.9% during the second quarter. Kayne Anderson Capital Advisors LP now owns 2,297,453 shares of the shipping company’s stock valued at $43,988,000 after acquiring an additional 43,400 shares in the last quarter. Institutional investors own 66.41% of the company’s stock.
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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