Analysts Expect Hoegh LNG Partners (NASDAQ:HMLP) to Post $0.34 Earnings Per Share
Hoegh LNG Partners (NASDAQ:HMLP) has been assigned an average broker rating score of 2.33 (Buy) from the three analysts that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company.
Brokerages have set a 1 year consensus target price of $19.67 for the company and are forecasting that the company will post $0.34 EPS for the current quarter, according to Zacks. Zacks has also assigned Hoegh LNG Partners an industry rank of 227 out of 265 based on the ratings given to its competitors.
HMLP has been the topic of a number of recent analyst reports. Citigroup Inc. reaffirmed a “buy” rating and set a $21.00 price objective (up previously from $18.50) on shares of Hoegh LNG Partners in a report on Friday, August 26th. Zacks Investment Research raised Hoegh LNG Partners from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Monday, August 29th. Barclays PLC reaffirmed an “equal weight” rating and set a $20.00 price objective (up previously from $19.00) on shares of Hoegh LNG Partners in a report on Tuesday, August 30th. Finally, Morgan Stanley reaffirmed a “hold” rating on shares of Hoegh LNG Partners in a report on Friday, August 26th.
Hoegh LNG Partners (NASDAQ:HMLP) opened at 17.56 on Tuesday. The stock has a market cap of $462.21 million and a price-to-earnings ratio of 18.27. The firm has a 50-day moving average price of $18.53 and a 200-day moving average price of $17.92. Hoegh LNG Partners has a one year low of $11.50 and a one year high of $19.56.
Hoegh LNG Partners (NASDAQ:HMLP) last announced its quarterly earnings data on Thursday, August 25th. The company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.26. The company earned $22.80 million during the quarter, compared to analysts’ expectations of $23.47 million. On average, equities analysts predict that Hoegh LNG Partners will post $1.24 earnings per share for the current year.
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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